Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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Structure Setting and Adjustment | Definition | A pay structure is a collection of pay rates or pay ranges.Structure setting and adjustment is the process of developing‚ adjusting‚ and maintaining a pay structure. | Purpose | Pay structures are used to help organizations: * maintain pay levels that are competitive with the external labor market‚ * maintain internal pay relationships among jobs‚ * recognize and reward differences in level of responsibility‚ skill‚ and performance‚ and
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historical cost accounting still widely and continuously to be used by most companies in their accounting. Conversely‚ reporting current cost in accounting are recommended rather than historical cost as it is the fair value reported in the current year would be beneficial to the firm and the shareholders of the company. 2.0 Historical Cost Accounting and Benefits of Current Cost 2.1 Introduction to Historical Cost‚ Disadvantages and Advantages of Historical Cost The historical cost accounting is
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PLANAR DRAWINGS OF BIPARTITE GRAPHS BY ELIMINATING MINIMUM NUMBER OF EDGES MUHAMMAD OARISUL HASAN RIFAT Department of Computer Science and Engineering Chittagong University of Engineering & Technology (CUET)‚ Chittagong-4349‚ Bangladesh. PLANAR DRAWINGS OF BIPARTITE GRAPHS BY ELIMINATING MINIMUM NUMBER OF EDGES A thesis is submitted in partial fulfillment of the requirements for the degree of Science in Computer Science and Engineering. By Muhammad Oarisul Hasan Rifat (0404054) Supervised
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Cost Classifications and Estimation 2.0 Introduction Cost classification may be defined as ‘the arrangement of cost items in a logical sequence having regard to their nature and purpose to be fulfilled’. The term cost must be qualified when in use in order that its precise meaning is established in a particular situation; however‚ cost refers to the amount of resources that have been diverted from other uses or sacrificed so as to achieve the desired objective. But the term is used to refer to
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BUSINESS START-UPS AND BUSINESS PLANNING ALAN THOMPSON ©2005 WHAT IS A FEASIBILITY STUDY A Business Feasibility Study can be defined as a controlled process for identifying problems and opportunities‚ determining objectives‚ describing situations‚ defining successful outcomes and assessing the range of costs and benefits associated with several alternatives for solving a problem. The Business Feasibility Study is used to support the decision-making process based on a cost benefit analysis
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Belisinnie Fast Food Holdings Sdn. Bhd. is owned by Mr. Razali Raja Jamaluddin. The owner started a franchise burger stall called the Long Burger. It started out as a stall in Johor but now has reached throughout the Malaysia. It has grown so fast because of the low franchising fee needed to franchise the stall. The burger stall concept is considered as easy to access and also cheaper than the fast food restaurants. Unlike the bigger competitor like McDonalds‚ the stall are not located inside a shopping
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McDonalds: Inventory Management Practice and Its Advantages By: Piyush Dewan (MBA Core-Div A: I Trimester) McDonalds is one of the most popular fast food chains with a worldwide presence. It can be found in 119 countries and has about 31‚000 restaurants. It employs about 1.5 million people and is one of the largest fast food chains‚ serving 47 million customers daily (2) . Most restaurants offer both counter service and drive through service with indoor seating (and sometimes outdoor seating
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this force can be categorised as low. In an advent of suppliers raising the prices‚ WBL can easily find a substitute. 3) Bargaining power of customers* Since 52% of the surveyed customers fall in the mid-teenage to middle age group (the money holding group)‚ these customers hold the key to financial success of WBL. "Furthermore‚ 45% of the surveyed customers cited lack of time being the reason for not bowling‚ WBL needs to save its customer base"** This force can be categorised as high. 4)
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Introduction Hallenstein Glasson Holdings Limited (HLG) is the one of the leading apparel retailers in New Zealand‚ listed on the New Zealand Stock Exchange. The company provides good quality products and has been a successful as well as an innovative business. This report makes an analysis of the financial information in the 2013 annual report for HLG. It looks at the quality of earnings through performance and solvency measurements. The strengths and weaknesses of the company are then summarized
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