Interdependence of Production and Marketing in Business

Interdependence of Production and Marketing
The most crucial and fundamental function of business is to:First produce/provide some goods and/or services, and then
Market and/or target the same to the potential buyers and/or consumers.
The basic functions of business namely, production and marketing go hand in hand with one another.Following points briefly explains the interdependence of

Read More

Explain Benefits or Importance of Inventory Control

Explain Benefits or Importance of Inventory Control
Following image briefly explains benefits or importance of inventory control.The benefits or importance of inventory control is listed in following points:Inventory control protects a company from fluctuations in demand of its products.
It enables a company to provide better services to its customers.
It keeps a smooth flow of raw-materials and

Read More

What is Inventory Control? Definition Meaning Achievement

What is Inventory Control? Definition
1. According to Gordon Carson,"Inventory control is the process where by the investment in materials and parts carried in stocks is regulated, within pre-determined limits set in accordance with the inventory policy established by the management."This definition of inventory control is taken from a book titled 'Production Handbook' published in 1958 and

Read More

What is Inventory? Meaning Definition Examples

Meaning of Inventory
Let's find out, What is inventory?Inventory is the stock of goods held for doing business.
It is usually required to carry on the business and its allied activities.
Important points covering the meaning of inventory is depicted below.The meaning of inventory mainly revolves around following four items:Raw-materials required for production process.
Work in progress (WIP).

Read More

Factors Influencing or Affecting Fixed Capital Requirement

Factors Influencing or Affecting Fixed Capital Requirement
Following diagram highlights the important factors influencing or affecting fixed capital requirement of a business. Click on image for a zoomed preview.The factors determining, affecting or influencing fixed capital requirements of a business are briefly given in the following nine points:Nature of business is the most crucial factor of

Read More

Explain Role or Importance of Fixed Capital

Explain Role or Importance of Fixed Capital
Following diagram briefly explain the main role or importance of fixed capital.The main role or importance of fixed capital is listed in following eight points:Fixed capital is required to buy fixed assets for the company.
It is needed to meet various promotionl expenses of a company.
It aids a company to modernise by easing the process of purchasing

Read More

Sources of Fixed Capital or Long Term Finance

Sources of Fixed Capital or Long Term Finance
The main sources of fixed capital or long term finance are depicted below.The sources of fixed capital or long term finance are:Issue of Equity and Preference shares.
Issue of Right shares.
Private placement of shares.
Issue of debentures.
Term loans.
Retained earnings.
Lease financing.
Now let's briefly discuss each source of fixed capital or long

Read More