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There are three main purposes or motives of holing inventories:
a. The transaction Motive : Which facilitates continuous production and timely execution of sales orders .
b. The precautionary Motive which necessitates the holding of inventories for meeting the unpredictable change in demand and supplies of materials.
c. The speculative Motive which induces to keep inventories for taking advantage of price fluctuations saving in re ordering costs and quantity discounts etc.
After several discussions and meetings with the technical directors we identified the following constraint: Budget The time frame /Completion of the project is a c
How is the hardworking important for an entrepreneur? Hardworking: Usually they are called workaholics. Here for work, is worship for then. They place in continuous effor
Study different business organizations in your business environments The learner has been given a position of business analyst who will study environments and prepare report o
QUESTION Meetings and committees have unfortunately acquired notoriety, being widely regarded as ineffective and wasteful of precious time (i) Give your views on the above
‘Although the elegance and comprehensiveness of transactions costs reasoning has provided the internalisation approach with a powerful logic (Rugman, 1981, 1985), it is still defic
QUESTION 1 (a) What are the management functions? (b) What are the key managerial roles according to Mintzberg? (c) Briefly explain the main managerial skills required
What are the important provisions for employee working hours? Working Hours: The provisions relating to working hours deal along with the given factors: a. Weekly hour
Question 1: (a) Explain the Communication Process Model and elaborate sequentially through the use of this model the various stages that can ensure effective business communic
core concepts of marketing
Plant maintenance consists of all activities needed to keep the plant machinery tools and equipment services including building and fittings in standards working condition. In
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