Management study
(1) Suppliers. Suppliers are the firms which provide the resources needed by the company to produce its goodsand service, e.g., labour, fuel, electricity, rubber, paper, tools,equipment, etc. (2) Company. In making marketing plans, marketing...
●Product Research●Sales Research●Customer Research●Promotion Research 1. Product Research- This is concerned with the design, development, and testing of new products, the improvement of existing products, and the forecasting of likelytrends in customer’s preferences in...
Inherent Problems in Using Marketing Research and Future OutlookInherent problems in using marketing research in India: 1. The major problem faced by the market researcher while actually conducting the survey is the lack of...
1. Assets: An asset is anything of value owned byan enterprise. They consist of tangible objects or intangible rights owned by an enterprise and carrying probable future benefits. Examples of tangible assets are cash,...
The methods to solve some specific kinds of problem of unit or output costing are as given below. (1) Scrap or residual- This is also known as wast-age. When material is used in the...
The most widely used system of determining the pro- duction cost of a commodity is known as unit costing or and services are found out in this system. This system isnoutput costing. The total...
Valuation of Inventory Movements It is necessary that all the possible movements ofmaterial are valued properly and are expressed in terms of money. We will consider this problem under the following heads. (1) Valuation...
To find out the unit cost of production, three sys-tems are mainly, used in cost accounting. These systems are as follows- 1.Cost Sheet2.Statement of Cost.3.Production Account. Cost Sheet Cost sheet is a tabular type...
Process Costing This system of cost determination is used in those firms and industries, where the raw material passes through various processes and stages before it is converted to a manufactured goods or finished...
In every process, the expenses associated with that process are written. There are some expenses that are not related to any process directly but are related to all processes. Such expenses are divided amongst...