The total risk of a company can be broken-down into business risk and financial risk. A company's business risk is determined by how it invest its funds i.e., the type of projects which it undertakes, while financial risk is determined by how it finances these investments. A company's competitive position, the industries in which it operates, the company's market share, [...]
In this article we will discuss about the reasons for the replacement or retirement of an asset in a firm. To remain competitive, necessitates the timely replacement of existing assets and their eventual retirement. Replacement does not mean that an asset has to be duplicated at the end of its economic life, nor does it imply a like-for-like substitution. Instead, [...]
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 [...]