d) All of the above
d) All of the above
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The first and most obvious difference between the two is that conventional marketing concentrated on selling the company's products, ( Push marketing ) but current marketing looks at customer happiness first and then produces items that meet the demands of the consumers before selling them. ( Pull mRead more
The first and most obvious difference between the two is that conventional marketing concentrated on selling the company’s products, ( Push marketing ) but current marketing looks at customer happiness first and then produces items that meet the demands of the consumers before selling them. ( Pull marketing )
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The Institute of Cost and Management Accountants’ publication A Report on Marginal Costing’ defines Marginal Costing: “The ascertainment, by differentiating between the fixed costs and variable cost, of marginal costs and of the effect on profit of changes in volume or type of output.” The phrase maRead more
The Institute of Cost and Management Accountants’ publication A Report on Marginal Costing’ defines Marginal Costing: “The ascertainment, by differentiating between the fixed costs and variable cost, of marginal costs and of the effect on profit of changes in volume or type of output.”
The phrase marginal cost refers to the extra cost of generating an additional unit of output, which may be calculated using the total variable cost given to one unit.
The marginal cost, or variable cost, is charged to units of cost, whereas the fixed cost for the time is entirely written off against the contribution.
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Management Accounting is the process of analysis, interpretation, and presentation of accounting information to the users that collected with the help of financial accounting and cost accounting. This helps management in decision making. Objectives of Management Accounting Better Decision Making AssRead more
Management Accounting is the process of analysis, interpretation, and presentation of accounting information to the users that collected with the help of financial accounting and cost accounting. This helps management in decision making.
Objectives of Management Accounting
- Better Decision Making
- Assistance in Planning and Formulation of Future Policies
- Controls Management Performance
- Helps in the Interpretation of Financial Information
- Helps in Motivates Employees
- Communicates Up-to-date Information
- Evaluates policies effectiveness
- The solution for Strategic Business Problems
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The study of a population-based on variables such as age, race, and sex is known as demographic analysis. Employment, education, income, marriage rates, birth and death rates, and other socioeconomic statistics are all examples of demographic data. A firm that sells high-end RVs, for example, may wiRead more
The study of a population-based on variables such as age, race, and sex is known as demographic analysis. Employment, education, income, marriage rates, birth and death rates, and other socioeconomic statistics are all examples of demographic data.
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A firm that sells high-end RVs, for example, may wish to target those approaching or in retirement age, as well as the percentage of those people who can afford their products.
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Both investing and gambling include putting money at risk in the hopes of generating a profit. A basic idea in both gambling and investing is to reduce risk while increasing profit. Gamblers have fewer options for loss mitigation than investors. Investors have access to more relevant data than gamblRead more
- Both investing and gambling include putting money at risk in the hopes of generating a profit.
- A basic idea in both gambling and investing is to reduce risk while increasing profit.
- Gamblers have fewer options for loss mitigation than investors.
- Investors have access to more relevant data than gamblers do.
- As an investment, the odds will eventually work in your favor, but as a gambler, they will not.
Diversification is one of the major distinctions between investing and gambling. Investing allows you to diversify your risk over many asset classes, whereas gambling puts all of your money into one pot with no loss mitigation method.
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Cost centre is a small segment of activity or responsibility for which cost are accumulated
Cost centre is a small segment of activity or responsibility for which cost are accumulated
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