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Why are cost ascertainment and cost estimation important to a manufacturing firm?
Cost ascertainment as well as cost estimation both are inter-related and are immense use to the management. In case of concern has a sound costing system, the ascertained costs will greatly help the management in the process of estimation of rational accurate costs which are no necessary for a variety of purposes stated above. Moreover, the ascertained costs may be compared with the predetermined costs on a continuing basis and proper and timely steps be taken for controlling costs and maximizing profits.
Why are profits prerequisite to any business activity including marketing?
Profits are essential to any business activity, including marketing, because they provide the necessary financial resources for operations, growth, and sustainability. Without profits, a business cannot invest in marketing initiatives, product development, or operational improvements, ultimately jeopardizing its long-term viability. Moreover, profitability allows businesses to reinvest in their brand and reach their target audience more effectively, which is crucial for maintaining competitive advantage. In essence, profits enable businesses to function and thrive in a competitive marketplace.
What are the profits of business telemarketing?
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What is the result of effective marketing?
Profits
What is nike's business-level strategy?
Maximise profits.
What is the primary objective of business management?
Maximizing profits.
What is maximizing corporate profits?
Maximizing corporate profits is a kind of idea which is simple, obvious and straightforward. To maximize a profit is to squeeze in as much value of a certain resources as possible.
What describes the relationship between pricing objectives and promotion?
Pricing objectives are all about maximizing profits. Promotion results through efficiently achieving your objective - which in this case is all about maximizing profits.
Maximizing shareholder wealth means maximizing the?
Maximizing shareholder wealth means that the company reduces re-investment of profits and increases the dividend payouts. Dividend payouts are the benefits paid out to shareholders after a financial period.
What is Corporate profits?
Maximizing corporate profits is a kind of idea which is simple, obvious and straightforward. To maximize a profit is to squeeze in as much value of a certain resources as possible.
Which social responsibility theory has been advocated by Novel Prizewinning economist Milton Friedman?
Maximizing Profits
A company is maximizing profit when marginal revenue?
A company maximizes profits when marginal revenue equals marginal costs.
Not-for-profit organizations must make economic decisions?
Yes, the term "not-for-profit" doesn't mean those organizations do not aim at maximizing profits. Just they are not distributing the profits to their shareholders or owners but using the profits to achieve the organizations' goals.
How do you calculate profit maximizing price?
The answer depends on what information you have about profits per units sold, or on the costs and revenues per unit.
What is meant by the objective of Maximizing Shareholder Wealth as contrasted with the goal of maximizing short term profits?
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With what indicators is microeconomics concerned?
Microeconomics looks at the individual components of the economy, such as costs of production, maximizing profits, and the different market structures
What is the optimal trade size for maximizing profits in the stock market?
The optimal trade size for maximizing profits in the stock market depends on various factors such as risk tolerance, market conditions, and individual trading strategy. It is important to carefully consider these factors and consult with a financial advisor before determining the ideal trade size for your specific situation.
