Accounting Principles‚ Concepts and Conventions Accounting principles are guidelines & standards‚ which have been accepted by the accounting profession in preparation and presentation of accounts of the business. It is approved and normally accepted by the government bodies &controlling authorities. Accounting principles are uniform in order to understand in the same sense by those using it. Also they are not rigid (i.e. inflexible) like principle of gravity but they are flexible.
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1- Consumer Behaviour. One of the most challenging concept in marketing deals with understanding why consumers behave in a certain way or do what they do (or don’t do). Two major psychological concepts are often used to explain and understand the consumer’s behaviour. The first is the so called in psychology the cognitive psychology in which the focus of the study is the mental behaviour i.e. the internal influence such as perception‚ memory‚ attention‚ attitude‚ beliefs‚ values‚ personality
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Concepts of Entrepreneurship Measured Risk Entrepreneurs are risk takers‚ staking money‚ time‚ and personal reputations to manifest their visions. But‚ like heros‚ entrepreneurs are rarely reckless. Rather‚ successful entrepreneurs take measured risks‚ weighing the stakes and the potential consequences‚ and then stepping into unknown territory to generate results. As risk takers‚ successful entrepreneurs understand that failure can be a vital part of success‚ and that learning from mistakes can be
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1.0 Executive Summary - Pepsi Cola Group is a well established public company that develops‚ manufacturers‚ and distributes beverages worldwide‚ including products for our target market‚ such as Ben & Jerry’s Milkshakes and many other flavored drinks. We believe that a new market exist for flavored milk; we plan to utilize our global marketing expertise to aggressively pursue this market. Marketing of the flavored milk beverage will be vital to ensuring that children are given a healthy alternative
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FINANCIAL MANAGEMENT CONCEPTS FOR M.B.A II SEMESTER STUDENTS | |ABC System : a System used to categorize inventory items to ensure that the most important ones are reviewed most often. | | |Account Receivable: A balance due from a customer. | | |Aggressive Working Capital Investment Policy : A policy under which holdings of cash‚ securities‚ inventories‚ and receivables
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Why a Total Reward Program is Important As the labor force becomes more highly developed and demanding‚ rivalry between organizations for talented employees is drastically increasing. It is extremely important that organizations make their company more enticing as an incomparable career opportunity. Instituting a total rewards system into an organization can do much to help it invite the paramount talent available and significantly condense turnover. The longevity of an organization’s employees is
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Total quality helps organizations meet global market expectations through continual innovation. The current healthcare model has shifted to customer satisfaction as a result of new technology. Total quality is a critical component for achieving and maintaining market value in this new environment. This concept has been pushed by the increase in competitiveness and expectations in healthcare. Total quality encompasses the trend of utilizing innovative ideas to improve processes and organizational
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Product & Company Overview: Nescafe is a brand of instant coffee made by Nestle. The name is a combination of the words "Nestle" and "cafe"‚ in which “Nes-” means magic and “-cafe” means coffee. Nestle’s flagship powdered coffee product was introduced in Switzerland on April 1‚ 1938 after being developed for 7-8 years by Max Rudolf Morgenthaler‚ a Swiss food chemist considered to be inventor of Nescafe. Nescafe’s roots can be traced back to the 1930s. In the United States‚ the Nescafe name was used
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APPLICATION OF MICROECONOMIC CONCEPTS TO THE ECONOMY BACKGROUND Project Description: In this project‚ you will apply the theories studied in class to analyze the microeconomic forces affecting a business. Each and every data/graph/table should have the Source with it. The contents of your presentation must incorporate concepts from the course. RESEARCH OUTLINE Choose your industry and your company - Brief background of the company. Explain the circular flow diagram and concentrate on each
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Why Implement Product Safety Product safety is important to both manufacturers and consumers. Most of the company today does apply product safety management in their company to reduce unwanted inccident to happen. By implementing product safety management into the organization‚ it enable to reduce accidents‚ reduce product recalls‚ reduce insurance premiums‚ increase the safety and quality of products‚ provide a more defensible product and company in the event of litigation‚ and minimize the chance
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