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What are the restrictions of budget? Restrictions of budget: a. As budget is based onto estimates, which is, estimated sales, costs, business circumstances, many more. it
Stock out cost means the cost associated with not serving the customers. Stock outs imply shortages. If the stock out is internal ( that is in the production system) it woul
WHAT ARE THE BASIS OF INTERNATIONAL TRADE
Business strategy report (5,000 words) Section 1: Strategy Recommendations and Evaluation Summary (1,000 words) Section 2: Business Strategy Report (4,000 words)
Question 1: (a) Why is the function of controlling important to an organisation? (b) What are the steps that need to be followed in implementing an effective control system?
Referring to the organisation you researched in Section A of this report give two (2) examples of where that business should be socially responsive to issues that have arisen or c
Explain the Vision of an Entrepreneur. Vision: An entrepreneur has visualizes the methods and means to get dream. In doing the same he visualizes, that: Market Demands, Soic
Define the term Quality Control in management. Quality Control: Control is a system for checking and measuring (inspecting) a phenomenon. This suggests while to inspect,
Question 1: What are the different factors in the external environment that affect your organisation? Question 2: "Working into teams is better than individual work". D
Organisations tend to organise their working areas by function, e.g. production, warehouse, sales and marketing, etc. Business processes occur across these functional groups requi
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