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What is the concept of 'elasticity of demand' its various forms and its usefulness for business decisionmaking?
Am a student and i need more insight to do my assignment. Thank you.
What kind of concept is Lean Six sigma?
The concept of Lean Six sigma is a business management concept about eliminating errors and defects in business management by measuring how processes perform. It looks at eliminating seven processes, transportation, inventory, motion, waiting, overproduction, over processing and defects.
How can the concept of Blackwell informativeness be applied to enhance decision-making processes in a business setting?
The concept of Blackwell informativeness can be used in business decision-making by ensuring that the information available is relevant, accurate, and timely. This can help businesses make more informed decisions that are based on reliable data and analysis, leading to better outcomes and reduced risks. By applying Blackwell informativeness, businesses can improve their decision-making processes and ultimately achieve greater success.
What is the difference between a traditional concept of business and a modern concept of business?
The traditional concept of business is profit motive but the modern concept of business is service oriented.
What type of accounting disclosure is required if consistency concept is not applied?
In accounting the consistency concept means that when a method of accounting is adopted it must be used consistently in the future. If the policy for accounting is changed in any way the nature of the change, the effects the change has on items in the financial statement and the reason for making the change must be fully disclosed by the business. If the consistency concept is not applied then disclosure of changes are made at the discretion of the business.
Business entity concept?
According to this concept, business is treated as a unit separate and distinct from its owner.
Why ethics is a fundamental business concept?
Why is ethics seen as a fundamental business concept
Explain how the marketing concept can be applied in non profit organisations?
Explain how the marketing concept can be applied in non profit organization?
When the concept of conservation is applied to the Balance Sheet it results in?
When the concept of conservation is applied to a balance sheet it results in an understatement of assets.
Is the adequate disclosure accounting concept is applied when financial statements contain all information necessary to understand a business's financial condition?
yes, yes it is
What is the principle of effectivity?
The principle of effectivity refers to the idea of achieving optimal results with minimal effort or resources. It focuses on maximizing efficiency and productivity in order to reach desired outcomes in the most effective way possible. This concept is often applied in business and project management to streamline processes and improve overall performance.
When was theconcept of inertia ofmoment first applied?
when was the concept of moment of force first applied
