Economics - EDUCATIONLEAVES

Difference Between Sales and Marketing [PDF Included]

August 23, 2022November 30, 2022 Sushanta Maiti 1 Comment economics, management, marketing, sales, sales vs marketing

Sales are the delivery of products from the manufacturer to consumers in exchange for money and marketing is basically understanding the customer’s need and introducing products accordingly.
Sales basically follow a fragmented and product-oriented approach, whereas marketing follows an integrated and customer-oriented approach.
Sales focus on maximizing the seller’s profit but marketing focuses on generating profit through customer satisfaction.
Sales follow the push strategy and marketing follows the pull strategy.
The target audience of sales is both individuals and organizations, moreover, the target audience for marketing is the public.
The primary objective of sales is to influence the target audience to become a buyer, and the primary objective of marketing is to identify customers’ needs and make products accordingly.

Economics

Law of Demand and Supply: [PDF Included] Curves, Importance, Conditions, & Factors Affecting Demand and supply

August 17, 2022September 10, 2022 Sushanta Maiti 2 Comments demand and supply, economics, inventory management, Law of Demand, Law of Supply, management

The law of supply and demand is possibly one of the most essential concepts and it is the backbone of an economy. According to the law of demand and supply, when there is a higher demand for a product or service, there is a rise in the supply of such product or service and vice versa. The law of demand and supply describes the interaction between the desire for a product and the supply of that product. For example, if the supply of a product is low and the demand is high, it signifies such product is lacking for the number of people that desires it, therefore, it will lead to an increase in the price of the product.

Industrial engineering Economics

What is Budgeting & Budgetary control? – 4 Types, Advantages & Disadvantages

January 28, 2022January 29, 2022 Sukanta Maiti 0 Comments budget, budgetary control, budgeting

Budgeting is the process of looking at a business’s estimated incomes and expenses over a specific period in the future. It allows a business to see if they will be able to continue operating at their predicted level with these projected incomes and expenditures.

Economics Industrial engineering Management

What is Asset Management? Definition, Asset Life Cycle, Types, Process, and 5 Asset management Softwares

January 18, 2022January 18, 2022 Sushanta Maiti 2 Comments asset, asset management, asset management softwares, economics, industrial engineering, management

Asset management is a system that helps companies to keep a record of all their assets, such as instruments, machinery, and expenses. Keeping tabs on the assets helps streamline operations. The process also reduces the possibility of recording ghost assets, since all the assets are well accounted for.

Economics

Purchase Price Allocation (PPA): Definition, Components, Example, and PDF

December 21, 2021December 21, 2021 Sushanta Maiti 1 Comment economics, mergers and acquisitions, PPA, Purchase price Allocation

A purchase price allocation is primarily involved in accounting purposes, but it also gives a useful evaluation of the components

Economics

What are Mergers and Acquisitions? M&A Definition, Example, Types, Forms, and Transactions

December 18, 2021November 30, 2022 Sukanta Maiti 1 Comment economics, management studies, mbo, mergers and acquisitions, what is acquisition, what is merger

Mergers and acquisitions are transactions of shifting ownership between two companies, wherein a merger is a fusing or combining of two companies and acquisition is one company acquiring or buying another. The ultimate goal of mergers and acquisitions is to create synergy, which typically makes the two combined companies worth more valuable than the two separate companies.

Economics Management

Roles of Financial Manager

November 30, 2021February 3, 2022 Sukanta Maiti 0 Comments Financial Management, financial management responsibilities, responsibilioties of a finance manager, roles of financial managers, roles of managers

Roles of financial manager : A financial manager is a person who takes care of all the important financial functions of an organization. The person in charge should maintain farsightedness in order to ensure that the funds are utilized in the most efficient manner. His actions directly affect the profitability, growth, and goodwill of the firm.

Economics Industrial engineering Management

What is Financial Management? (PDF Included) Definition, 5 Scopes, Importance, Types, Objectives, Functions, Advantages and Disadvantages

September 30, 2021December 20, 2021 Sushanta Maiti 2 Comments Crisis management, Financial Management, financial management pdf, human resource management, management, mbo

financial management refers to the diplomatic planning, organizing, directing, and supervising of financial undertakings in an organization. It also comprises applying management principles to the financial resources of an organization, while also playing a significant part in economic or budgetary management.

Economics Industrial engineering

What is Sales Forecasting? | Sales Forecasting Method, Types, Importance, and Elements | Sales Forecasting PDF

August 11, 2021August 25, 2022 Sushanta Maiti 1 Comment definition of sales forecasting, forecasting, importance of sales forecasting, sales, sales forecasting, sales forecasting method, types of sales forecasting, what is sales forecasting

s forecasting is an essential business practice. Sales forecasts allow business leaders to make wiser decisions about setting up goals, budgeting, hiring, and other things involving cash flow.

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Communication

What is an Information System? 5 Components, Types, Advantages, Disadvantages [PDF Included]

April 1, 2022April 1, 2022 Sushanta Maiti 6

In this digital era, we all are somehow accustomed to the word “Information System” although not well-versed with the concept or definition. If asked what is “Information System” one will definitely say the words like computer or network or database. But an information system is much more than just a computer or network. It surrounds us almost every time and is changing every day. Nowadays, life seems impossible without it. From the smartphones in our hands, the Wi-Fi networks on our college campus–to the traffic lights, sales management, and billing systems in the shopping malls, etc.–Information System is virtually in every walk of our life.