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.
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Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
Partnership deed: Partnership deed is a written agreement including the terms and conditions agreed by all the Partners.
Traceability: The capability to assign a cost directly to a particular activity or cost object by identifying or observing particular resources used by the activity or cost object.
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State some contents of a partnership deed. Answer: A) Name of the firm.B) Name and complete address of the Partners.C) The date of formation and period of Partnership.D) Ratio in which gain or loss
Variable Cost: A cost which differs with changes in the level of an activity, whenever the other factors are held constant. The cost of material treating to an activity, for illustration, differs according to the number of material de
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