MBO (MANAGEMENT BY OBJECTIVE)
MBO Management by objective is the approach by which both employees and superior jointly set performance goals and duties. Having participated in the fixation of…
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MANAGEMENT CONTROL & ITS VARIOUS STEPS OF CONTROL PROCESS
MANAGEMENT CONTROL Like other things are controlled management and managerial activities such as decision making, plans and putting them into effect. This type of control…
What is marketing?
Marketing combines many activity like market research present development distribution pricing , Advertising personal selling etc. to survey and satisfied consumers needs where meeting the…
Marketing Management
Marketing management is the art and science of choosing target market and building profitable relationship with them this involves getting keeping, and growing customers through…
Customer relationship management
Customer relationship management is the over all process of between building ands maintaining profitable customer relationship by delivering superior customer value and satisfaction the aim…
COST ACCOUNTING VERSUS MANAGEMENT ACCOUNTING
The term “management accounting”, as defined by the NAA in SMA Statement No. 1A, is used in its broadest sense and better relates to the…
What is cost classification? Explain with example
Cost may be classified according to their relationship to production. This classification is closely related to the cost elements of a product (direct materials, direct…
Discuss Opportunity Cost
Where a decision to pursue one alternative is made, the benefits of other options are foregone. Benefits lost from rejecting the next best alternative are…
Cost Accumulation System
The accumulation and classification of routine product cost data are very important and time-consuming tasks. Cost accumulation in general is the organized collection of cost…
Standard and Budgeted Costs
Standard costs are those which should be incurred in a particular production process under normal conditions. Standard costing is usually concerned with per unit costs…