the product life-cycle concept. Examine potential problems with the concept. Is it a useful marketing-planning tool? And why? The life of a product has many points of similarity with the human life cycle; the product is born, grows, attains dynamic maturity, and then enters its declining years. According to Arch Patton that is what the product life-cycle concept is. The product life-cycle is a business concept that is important in
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http://www.studymode.com/essays/Inventory-Management-622640.html INVENTORY MANAGEMENT 1. INTRODUCTION DEFINATION AND MEANING Inventory is a list of goods and materials, or those goods and materials themselves, held available in stock by a business. Inventory are held in order to manage and hide from the customer the fact that manufacture/supply delay is longer than delivery delay, and also to ease the effect of imperfections in the manufacturing process that lower production efficiencies
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Course Code ECO111 Course Category Course Title MICRO ECONOMICS Courses with conceptual focus Course Planner 12526::Pooja Kansra Lectures 4.0 Tutorials Practicals Credits 1.0 0.0 5.0 TextBooks Sr No T-1 Title Microeconomics Theory and Applications Reference Books Sr No R-1 R-2 R-3 Other Reading Sr No OR-1 OR-2 OR-3 OR-4 OR-5 OR-6 OR-7 Journals articles as Compulsary reading (specific articles, complete reference) Kwang Ng,Yew,Why Is a Financial Crisis Important? The Significance of the Relaxation
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Abstract Economic Value Added (EVA) is a value based performance measure that gives importance on value creation by the management for the owners. Profit maximization as a concept is age-old, wealth maximization is matured and value maximization is today’s wisdom. Stern Stewart’s EVA raises storm in corporate world and gives a new way to think about rewarding management. Usability of EVA largely depends on the quality of accounting information system, as traditional information system will not
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reason why taxes exist, can be defined as a tool bestowed upon governments that allows them to manipulate the behavior of its citizens using taxes. This implies that the governments of any state can influence the economic, social and even environmental sectors of their respective countries through taxes. Neutrality on the other hand is one of the several qualities of a good taxation system which provides that a tax should not alter or affect the economic behavior of the citizens of any given country
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The Four Factors of Production in Economics 1. Land * Land refers to the natural resources that are available and used in the production of goods. For example, a heavy mining industry could not exist without the natural deposits of valuable minerals in the ground, while a thriving farming community would have a hard time surviving with poor soil and no rainfall. Labor * Labor refers to the human inputs of work to produce the goods and services. For example, the training required
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Managerial Economics? What is its relevance to Engineers/Managers? Ans: Study of economic theories, logic and methodology for solving the practical problems of business. It is used to analyze business problems for rational business decisions. It is also called as Business Economics or Economics for firms. Relevance to engineers/Managers: Engineering and Management involves a lot of strategic decision making situations. Managerial economics helps in rational decision making. The various economic concepts
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Global citizenship encompasses social, cultural, political and economic change. Being a global citizen means taking a more socially conscious view of the world by focussing on events beyond our borders. For instance how consumerism in our country may be satiated by slave labour in another country or why universal human
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CHAPTER ONE THE THEORETICAL FRAMEWORK: CONCEPTS AND PROBLEMATICS OF THE KNOWLEDGE SOCIETY CHAPTER ONE THE THEORETICAL FRAMEWORK: CONCEPTS AND PROBLEMATICS OF THE KNOWLEDGE SOCIETY Introduction This chapter presents a general theoretical framework for the knowledge society, based on four major axes linked by the concerns and issues invoked by the project to create a “knowledge society” as an integral part of a comprehensive programme of Arab renaissance. The first of these axes presents the
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SEMESTER SHALL BE COMMUNICATED LATER. 2 FT-101C MANAGEMENT PRINCIPLES AND PRACTICES Course Objective The objective of this course is to help the students gain understanding of the functions and responsibilities of the manager, provide them tools and techniques to be used in the performance of the managerial job, and enable them to analyze and understand the environment of the organization. Examination The faculty member will award internal marks out of 20 (8 for Tests and 12 for class participation)
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