Phases of Industrial Development in India: A Comprehensive Overview
SEBI:
The Securities and Exchange Board of India established in 1988, became a statutory body in 1992. It has been vested with wide ranging powers. It regulates, supervises and coordinates the development of the capital market. It has the responsibility of creating a conducive environment for mobilisation of adequate resources and their efficient allocation. SEBI replaced the Controller of Capital Issues and the Capital Issues Act was repealed by the government. The purposes and aims of SEBI are
Inventory Management: FIFO, Perpetual Systems, and Stock Control
FIFO Inventory Valuation
FIFO (First-In, First-Out) is a method for determining the cost of inventory. It assumes that the first items purchased are the first ones sold, regardless of actual physical movement. This method simplifies inventory costing and reduces the cost of goods sold when prices are rising.
Stock Cards and Perpetual Inventory
A stock card is a record that tracks individual inventory transactions. Perpetual inventory systems continuously update stock cards, providing real-time information
Read MoreUnderstanding Enterprise Systems and E-Commerce: A Comprehensive Guide
Chapter 9: Enterprise Systems
Enterprise Resource Planning (ERP) Systems
ERP systems are suites of integrated software modules and a common central database that collect data from various divisions of a firm. This data is then used in nearly all of the firm’s internal business activities, with information entered in one process becoming immediately available for other processes.
Enterprise Software
Enterprise software is built around thousands of predefined business processes that reflect best practices
Read MoreMacroeconomics: Key Concepts and Principles
Macroeconomics: Key Concepts and Principles
1. Monetary Neutrality
According to the principle of monetary neutrality, changes in the money supply do not affect real variables.
2. Marginal Propensity to Consume
A fall in the marginal propensity to consume will cause a reduction in output and a reduction in the government multiplier.
3. Functions of Money
All of the following are functions of money except: Liquid.
4. Calculating GDP
Assume households purchase all greeting cards in calculating GDP, we will
Read MoreEthical Issues in the Wells Fargo Scandal
Honesty and Integrity, Conflicts of Interest
Wells Fargo employees engaged in deceptive and fraudulent practices, such as opening unauthorized accounts and credit cards in customers’ names, to meet unrealistic sales targets. This breaches the fundamental ethical principle of honesty and integrity in business conduct.
Senior management at Wells Fargo set unattainable sales goals and failed to address the unethical practices despite being aware of them. This indicates a conflict between the interests
Read MorePricing Strategies: A Comprehensive Guide for Businesses
Economy Pricing
Focuses on offering products or services at a lower price to attract cost-conscious consumers.
- Pros: Attracts price-sensitive customers, higher sales volume.
- Cons: Low profit margins, potential perception of lower quality.
Example: Generic canned vegetables
Price Skimming
Involves setting a high initial price for a new product and gradually lowering it as competitors enter the market or demand decreases.
- Pros: Maximizes early profits, recovers development costs quickly.
- Cons: Limited market