After reading this article you will learn about the need for information in any organisation. Information is very much needed to make right decisions. Management is faced with an accelerating rate of change and an ever more complex environment. A multitude of factors may need to be considered for a given decision. Examples include; planning regulations, local and central government [...]
This article throws light upon the four main elements of marketing mix. The elements are: 1. Product Mix 2. Price Mix 3. Promotion Mix 4. Distribution Mix. Element # 1. Product Mix: The product means anything that is offered to a market for its use or consumption. The product can be a physical object or a service or some kind. [...]
After reading this article you will learn about:- 1. Definition and Concept of Budget 2. Definition and Concept of Budgetary Control 3. The Objectives (Functions) of Budgets, Budgeting and Budgetary Control 4. Advantages of Budget, Budgeting and Budgetary Control 5. Preparation of Budget 6. Limitations of Budget 7. Budget as a Means of Planning, Control and Coordination 8. Operation (Working) [...]