Month: July 2023

Objectives | Users | Limitations | 3 Types of Financial Reporting

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The term ‘Financial Reporting’ comprises the financial statement of the company as well as the sources by which the essential financial information is shared among the other users of the company. Here, you will know the objectives, users, limitations and types of financial reporting. The critical data is collected with the help of financial statements….

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Capital Market

Extraordinary 7 Factors Contributing to IMC

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All advertising practices and costs are part of the Integrated marketing conversation. In general, marketing starts with a “Marketing Mix”. Also, you will know the factors contributing to IMC. Affecting customers’ minds to the maximum degree together with maximizing the organizational income at minimum Marketing conversation or promotion is one of the elements of the…

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Marketing Management

5 Extraordinary Disadvantages | Advantages of Management Accounting

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Importance/Advantages of Management Accounting In the context of a cutting-edge business environment, the role of Management Accounting may be very critical, as can be seen from the following: 1) Increasing Efficiency Under the system of ‘Management Accounting’, every branch is brought under the purview of the ‘Performance Budgeting’ exercise; targets are prescribed in advance, and…

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Capital Market, Management Accounting

Major 5 Objectives of Integrated Marketing Communication

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Integrated advertising and marketing conversation integrates most of these tools with other advertising mix factors for competitive benefit. ‘Integrated Promotion Mix’ is the opposite time used extensively for Integrated Marketing Communication (IMC). For this, you have to know about meaning and objectives of integrated marketing communication. In conventional advertising, exceptional professional agencies are appointed for…

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Marketing Management

Cost Volume Profit Analysis: Meaning, Assumption, Techniques

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Cost Volume Profit analysis (CVP) establishes the relationship between cost, volume, and profit associated with a product. Many factors impact the business’s profitability; however, the most important determinants are the cost of production, sales volume, and selling price. According to Herman C. Heiser. “The most significant single factor in profit planning of the average business is…

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Capital Market

5 Major Importance of Promotion

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The technique through which customers (or ability clients) are attracted towards the products and offerings of various producers or producers is called Promotion or Marketing Communication. Here, you will know the meaning and importance of promotion. This system informs and reminds the ability of purchasers about the products and offerings of the manufacturers. It also…

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Marketing Management

4 Major Reasons To Study Calculus

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No doubt mathematics is more challenging than you think it is! And when it comes to calculus, it is a mathematical subject that many students mostly hate. Here, you will know the reasons to study calculus. The reason is the complicated techniques and elongated formulas you must remember verbally. If you do not do that,…

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Technology Use for Students

Impact of Scholarships on Higher Education Access and Success

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Higher education access can change lives and pave the way for a more promising future. However, for students from low-income families, growing tuition and fee expenses can provide major obstacles. Scholarships are essential for closing the income gap and ensuring equal access to higher education. This article examines how scholarships affect higher education access and…

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Technology Use for Students

Exclusive 7 Importance of Relationship Marketing

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According to Peter Drucker, “The basic purpose of an organization is to create customers and retain them. Marketing is a broad functional discipline which can respond to the general view of the transactional mode of marketing.” There is a growing concern for customer retention or the new focus on the newly emerging concept of relationship…

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Marketing Management

Unforgettable 4 Functions and Objectives of Trial Balance

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A trial Balance is a statement in which the balances of all the ledgers are compiled into debit and credit columns. A company prepares a trial balance periodically, usually at the end of every reporting period. Here, you will know the objectives of trial balance. The general purpose of preparing a trial balance is to…

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Capital Market