EFR is calculated with the help of following formula, when other ratios remain constant: Where, A/S = Total assets/Sales Total assets include both current assets and fixed assets L/S = Current liabilities and provisions/Sales S = Sales of current year S1 = Projected sales of next year ΔS = Expected increase in sales over current year (S-S1) M = Net [...]
Read this essay to learn about the functional strategies of a firm:- 1. Marketing 2. Finance 3. Production 4. Total Quality Management-TQM- Considerations 5. Research and Development 6. Purchasing 7. Human Resources 8. Information Systems Management. 1. Essay on Marketing: Marketing consists of four dimensions or "four P's" price, promotion, product/service, and place (i.e., channels of distribution). The particular generic [...]
In this article we will discuss about:- 1. General Environment of a Firm 2. Industry Structure of a Firm 3. Power of the Suppliers 4. Power of the Buyers 5. Threats of New Entrants 6. Threats of Substitutes 7. Rivalry among Existing Operators 8. Industry Structure Analysis and Strategic Understanding 9. Competition Analysis 10. Forecasting Industry Trends and Turning Points. [...]