Changing business landscape
What do you mean by the term changing business landscape?
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The various factors like raised global competition and advances in the technology have had a marvelous impact on the kinds of businesses which survive and prosper and also the business processes and structures adopted.
1. Contribution After Marketing Assume that the sales forecast for brand TOJO is 160,000 units, and that you expect to sell 50% of these units through mass merchandisers,
Common Cost: It is the cost of resources used jointly in the production of two or more outputs and the cost can’t be directly traced to any one of those outcomes.
Cash Management: Cash Management is the management of cash balances of a concern in such a way as to maximize the accessibility of cash not invested in inventories or fixed assets and to ignore the risk of insolvency. According to Keynes there are thr
Activity Analysis: The identification and explanation of activities in an association. The activity analysis comprises determining what activities are completed within a department and how many people execute the activities, how much
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Cost Object (also referred to as Cost Objective): It is an activity, item, or output whose cost is to be computed. In a wide sense, a cost object can be an organizational division, task, a function, product, service, or a customer.
Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
Write a short note on the key areas which business objectives want to achieve?
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