Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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Teamworking to an organization is the most important function to its smooth execution of daily tasks. In most large organization processes are clearly defined‚ roles and responsibilities are perfectly set‚ a clear and common goal is sought after. In organization individuals play certain roles and carry out certain responsibilities‚ their function is part of the process. Organizational chain where people are put into teams and each team is assigned a task to accomplish‚ and each team is interdependent
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Disadvantages of Monopoly: • Higher prices and lower output Monopolies often mean that prices will be higher and output lower than is the case for an industry where competition prevails. Firms in one industry are producing under conditions of perfect competition‚ while the other firm is operating under conditions of monopoly. The costs of production are the same for each industry. • Excess profits High profits made by the monopolist are not necessarily an indication of efficient methods
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Disadvantages of the advertising Advertising is the name given to the process of commercial promotion of goods and services in order to increase its sales. It can be done by means of a number of mediums like television‚ newspaper‚ wall paintings‚ billboards‚ magazines‚ internet‚ by the word-of-mouth and in many other ways. Advertising informs the buyers about the ability of a certain product or service in the market and encourages them to buy it. However‚ some people are very keen on exposing
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ORGANIZATION AND MANAGEMENT LEADERSHIP INTRODUCTION The difference between successful and unsuccessful organizations is the presence or absence of dynamic and effective leadership. The function of management is being viewed as not simply a set of practices and policies‚ but a crucial component in the total organization strategy. To play its role of enabling the organization gain and sustain competitive advantage‚ all managers have to play a leadership role especially in the present business
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Disadvantages of Facebook Now it’s time to talk about some disadvantages of Facebook. There are some Disadvantages of Facebook beside these many advantages. Some of these disadvantages are : .#Facebook is Addicting! Facebook is too much addicting! Facebook is too too addicting! Yes it is indeed addicting which often kills your valuable time. Using Facebook for your need is not bad but when you waste most of your valuable time than it becomes bad. The biggest disadvantages of Facebook is it’s
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changes have turned globalization in to a major problem‚ due to its policies and society processes. Through this essay it will be shared knowledge and facts about the disadvantages of these global trade‚ and its costs if is not regulated. As a matter of fact‚ globalization is not an inevitable process and there are risks and costs such as inequality‚ which has been linked to rising unbalances in income and outcomes. Evidence for this is a rise in the growing rural urban divide in countries such
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Chapter Six Businesses and Their Costs Study Questions: 1. Explain the difference between a plant‚ a firm‚ and an industry. Plant – establishments such as a factory‚ farm‚ mine or store. Firm – an organization that employs resources to produce goods/services for profit. Industry – group of firms that produce the same or similar products. 2. State the advantages and disadvantages of the corporate form of business. Advantages – most effective form of
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DISADVANTAGE OF EXTRACURRICULAR… Students have a variety of extracurricular activities to choose‚ from speech team to chorus to multiple sports for every season. This variety can benefit students immensely. According to the children’s education company Scholastic‚ extracurriculars let your child enjoy himself in a fun‚ stress-free environment‚ get some exercise and make friends outside of school. For all the positive aspects‚ extracurricular activities can cause some problems for students. Be
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people in the society‚ especially youths. Many of the youth uses internet computers to watch destructive programs stored in the computer. Also some People can use computer for a long time‚ without protection people can suffer eyes problem The disadvantages of computer in human life. As we see above‚ we got many advantages of Computer in Human Life. But‚ the computer also has its negative side. The rise of cyber crime‚ the use of chat rooms for indecent discussion‚ certain websites‚ which deal in
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