Everything you need to know about the applications of marginal costing. Marginal costing is the most powerful and popular technique in aid of managerial decision making. It reveals the cost, volume profit relationship in all its ramifications which is useful in profit planning, selling price determination, selection of optimum volume of production, etc. Marginal costing, with its focus on variability [...]
Everything you need to know about the techniques and methods of group decision making. Group decision making refers to the process where the group as a whole makes the decision. In group decision making, group members consider all the possible solution of a problem and select the most feasible option. One of the more obvious applications of communication concepts is [...]
In this article we will discuss about decision making. Decision making is one of the most important functions of management. The word "decision" is derived from a Latin word "Decis" which means "Cutting away or cutting off to come to a conclusion" this is itself means that a single thing is to be brought in action by cutting off many [...]