Interdependence of Production too Marketing The nearly crucial too telephone substitution role of business is to: First produce/provide roughly goods and/or services, too then Market and/or target the same to the potential buyers and/or consumers. The basic functions of business namely, production too marketing larn paw inwards paw amongst 1 another. Following points briefly explains the interdependence of production too marketing inwards business: Anything that is produced must come across or grade its destination goal of consumption. The consumption is possible exclusively when produced goods and/or services are accessible to or are inside the grade of its potential buyers, customers, or consumers. Such accessibility is achieved when the produced goods and/or services are efficiently distributed or marketed to the targeted clients. It is marketing role that helps the production role to accomplish its destination goal. On the other hand, marketi...

Explain Benefits or Importance of Inventory Control Following ikon briefly explains benefits or importance of inventory control . demand of its products. It enables a society to provide improve services to its customers. It keeps a polish catamenia of raw-materials as well as aids inwards continuing production operations. It checks as well as maintains the correct stock as well as reduces the endangerment of loss. It helps to minimise administrative workload, manpower requirement as well as fifty-fifty labour cost. It tries to protect fluctuation inwards output. It makes effective purpose of working capital past times avoiding over-stocking. It helps to maintain a banking corporation check on loss of materials due to carelessness or pilferage (stealing). It facilitates cost accounting activities. It avoids duplication inwards ordering of stock. The next give-and-take briefly as well as lucidly covers all the above-mentioned objectives , benefits or importance of ...

What is Inventory Control? Definition 1. According to Gordon Carson , " Inventory command is the physical care for where past times the investment inwards materials together with parts carried inwards stocks is regulated, inside pre-determined limits railroad train inwards accordance amongst the inventory policy established past times the management ." This definition of inventory command is taken from a mass titled ' Production Handbook ' published inwards 1958 together with edited past times Gordon B. Carson. Definitions of inventory command w.r.t dissimilar perspectives are quoted below. level of management of a company. It requires a strategic conclusion to live on taken for its effective implementation. Its proper implementation is the responsibleness of the shop manager." 4. In an Academic perspective, "Inventory command is a method to position those stocks of goods, which tin live on used for the production of finished goods. It shall live on su...

Meaning of Inventory Let's notice out, What is inventory? Inventory is the stock of goods held for doing business . It is unremarkably required to bear on the concern together with its allied activities. Important points roofing the important of inventory is depicted below. production process. Work inwards progress (WIP). For example, semi-finished goods. Captive consumable goods are goods produced together with used past times producer. Finished goods which are available for sale. Inventory besides includes investment made inwards raw-materials together with their parts inwards accordance amongst the inventory policy established past times the management . Definition of Inventory Inventory tin live on defined inwards many ways w.r.t unlike prespectives. Following selected statements volition assistance yous to larn a wide agreement of its concept. demand together with furnish inwards the market together with tin live on easily realized inwards cash ....

Factors Influencing or Affecting Fixed Capital Requirement Following diagram highlights the of import factors influencing or affecting fixed capital requirement of a business . Click on ikon for a zoomed preview. The factors determining , affecting or influencing fixed uppercase requirements of a concern are briefly given inwards the next ix points: Nature of concern is the virtually crucial ingredient of all that significantly affects its fixed uppercase requirement. Size of concern has a withdraw human relationship alongside its fixed uppercase need. The availability of fixed uppercase impacts the scale of operation. Modern technologies demand to a greater extent than fixed uppercase than traditional ones. Manufacturing of complex products demand to a greater extent than fixed uppercase than what sum is required for making uncomplicated products. The orbit of activities determines fixed uppercase needs of a business. The method of acquiring assets for concern role influe...

Explain Role or Importance of Fixed Capital Following diagram briefly explicate the principal role or importance of fixed capital . assets for the company. It is needed to run into diverse promotionl expenses of a company. It aids a society to modernise yesteryear easing the physical care for of purchasing modern machines too implementation of latest technologies. It is necessary to supersede out of engagement too scrapped assets. It helps inward expansion too diversification of a company. It likewise helps inward automation of a company. It is essential if a society decides to widen its orbit of activities. It increases the capital requirements of a company. Now let's hash out higher upward points highlighting role or importance of fixed capital. 1. Establishment of company Every society needs fixed upper-case alphabetic quality to initiate its business activities. No society either big or small-scale tin move established without making investments inward shape of...

Sources of Fixed Capital or Long Term Finance The psyche sources of fixed capital or long term finance are depicted below. finance are: Issue of Equity together with Preference shares. Issue of Right shares. Private placement of shares. Issue of debentures. Term loans. Retained earnings. Lease financing. Now let's briefly hash out each beginning of fixed upper-case missive of the alphabet or long term finance. Source 1. Issue of shares Issue of shares is the nigh of import beginning of fixed capital. Most companies collect fixed upper-case missive of the alphabet past times issuing shares. Generally, at that spot are 2 types of shares, these are depicted below. These 2 types of shares are briefly described every bit follows: (i) Equity share: Equity percentage carries ownership rights of the company, together with it doesn't acquit a fixed charge per unit of measurement of dividend. Equity shares are to a greater extent than pop than preference...