Some of the most important features of management are: 1. Group Activity 2. Goal Oriented Process 3. Continuous Process 4. Dynamic Process 5. Integrating Force 6. Intangible Force 7. Universal 8. Human Focused Activity 9. Unrelated to Proprietorship 10. Involves Decision-Making 11. Strongly Integrates Organisational Resources 12. Multi-Disciplinary 13. Situational 14. Social Activity 15. General Process 16. Separate Existence 17. [...]
Pricing is one of the most important elements of the marketing mix, as it is the only element of the marketing mix that generates a turnover for the organisation. Pricing involves determination of the optimum price for a product by the marketer. "Price is the amount of money charged for a product or service or the sum of the values [...]
In this article we will discuss about:- 1. Introduction to Material Control 2. Need or/Objectives of Material Control 3. Essentials 4. Advantages 5. Materials Management and Organisation. Introduction to Material Control: A major objective of Cost accounting is Cost Control. Every element of cost has to be effectively controlled. Out of the three elements of cost i.e., Material, Labour and [...]