Business

Concept of Decision Making

Concept of Decision Making

The concept of Decision Making Decision Making is an important function in management. Business has limited resources. One of the most important tasks of management is to allocate these resources effectively and efficiently to achieve the company’s goals and objectives. Decisions are taken .....

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How to write Distributor Announcement Letter?

How to write Distributor Announcement Letter?

A distributor is an agent who supplies goods to retailers. He/ She is an intermediary between the producer and retailer of a particular product. He is a middleman whose job description matches that of a wholesaler. After having procured the product from the producer, he has to communicate with re.....

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Equipment Replacement Decision

Equipment Replacement Decision

The concept of Equipment Replacement Decision Some time choice to be made between retention or replacement of equipment. The primary function of equipment managers is to replace the right equipment at the right time and at the lowest overall cost. Basically, replacement of machine or equipment i.....

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How to Write Change of Ownership Announcement Letter?

How to Write Change of Ownership Announcement Letter?

Before you hand over the reins of your business to a new owner, such as in a company buyout or to a succeeding family member and before you make any announcements about the transition you’ll want to plan ahead and tread carefully. A Change of Ownership Announcement Letter is a merely a form.....

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Concept of Sell or Process Further Decision

Concept of Sell or Process Further Decision

The concept of Sell or Process Further Decision The sell or process further decision is the choice of selling a product now or processing it further to earn additional revenue. Joint products have a common process and joint cost of production up to a split-point. Joint products are two or more pr.....

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How to write an Announcement of Layoff Letter?

How to write an Announcement of Layoff Letter?

The most difficult task for a company or organization employer is to layoff the staff workers of the company. A layoff letter is used when a company needs to terminate an employee for reasons that were not directly caused by their own action or performance. Layoff letters, thus, are used by emplo.....

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Steps Involve in Evaluating the Lease or Purchase for decision making

Steps Involve in Evaluating the Lease or Purchase for decision making

A lease is a long term agreement to rent equipment, land, buildings, or any other asset. Leasing an asset from the lessor or purchase of an asset by borrowing the full purchase price of an asset should be compared as financing alternatives that are dependent on the investment decision. It is a co.....

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Concept of Lease or Purchase Decision

Concept of Lease or Purchase Decision

The concept of Lease or Purchase Decision Lease or Purchase decision involves applying capital budgeting principles to determine if leasing as an asset is a better option than buying it. Leasing is a contract between the owner (lesser) and the lessee for the hiring of a specific asset. Leasing ca.....

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Disadvantages of Leasing

Disadvantages of Leasing

The lease is an agreement between two parties whereby one party allows the other to use his/her property for a certain period of time in exchange for a periodic fee. Leasing is becoming a preferred solution to resolve fixed asset requirements vs. purchasing the asset. Leasing is beneficial to bot.....

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Advantages of Leasing

Advantages of Leasing

A lease is a contract outlining the terms under which one party agrees to rent property owned by another party. Leasing is becoming a preferred solution to resolve fixed asset requirements vs. purchasing the asset. Leasing is beneficial to both the parties for availing tax benefits or doing tax p.....

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Objectives of Pricing Policy

Objectives of Pricing Policy

The pricing policy of the firm may vary from firm to firm depending on its objective. Objectives of a properly planned pricing policy should be logically related to overall managerial goals. Pricing involves a number of decisions related to setting the price of a product. Objectives of Pricing Po.....

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Pricing Decision

Pricing Decision

Pricing Decision is the choice businesses make when setting prices for their products or services. Organizations producing goods and services need to set the price for their product. Setting the price for an organization’s product is one of the most important decisions a manager faces. Pri.....

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