Chapter 1 New Perspectives on Marketing in the Service Economy GENERAL CONTENT Multiple Choice Questions 1. For-profit firms seek to achieve ____________ profits subject to ____________ constraints‚ although not-for-profit service suppliers seek to achieve ____________ profits subject to ____________ constraints. a. social; financial; financial; social b. social; financial; social; financial c. financial; transactional; social; regulatory d. financial; social; social; financial e. transactional;
Premium Customer service Service system
banking sector over the world has been undergoing a lot of changes due to deregulation‚ technological innovation‚ globalization etc. Bangladesh banking sector is lagging far behind in adopting these changes. In general sense we mean “Bank” as a financial institution that deals with money. But when we use the term bank it generally means ‘commercial bank’ that collects the deposit from surplus unit of the society and then lends the deposits to the deficit units of the society. The word ‘Bank’ was probably
Premium Bank
has graduated from a predominantly aid receiving nation to a trading nation. The export-oriented RMG sector has made crucial contribution to this abovementioned transformation of the Bangladesh economy. The role of our RMG entrepreneurs ‚domestic fiscal and financial‚ institutional policy support and incentives put in place by successive governments‚ substantial RMG-supportive linkage activities within the domestic economy and global market opportunities combined to create a story which is‚ to be
Premium International trade Currency Foreign exchange market
Result Based Management is a concept which dates back to the 1950s when Peter Drucker introduced the concept of management by objectives and its principles. Local authorities have failed to adopt and implement the Result Based Management Concept due to various challenges which include amongst them inadequate finance and human resources‚ resistance to change‚ poor communication channels‚ unrealistic budgets‚ poor management system‚ location of ownership‚ negative attitude and resistance to technology
Premium Management
Differential Costing Introduction Costs are an important feature of many business decisions. In making decisions‚ it is essential to have a firm grasp of the concepts differential cost. Decisions involve choosing between alternatives. In business decisions‚ each alternative will have costs and benefits that must be compared to the costs and benefits of the other available alternatives. A difference in costs between any two alternatives is known as a differential cost. A difference in revenues
Premium Marginal cost Cost Variable cost
Marginal Costing Introduction The Cost of a product of comprises of materials‚ labour‚ and over heads. On the basis of variability they can be broadly classified as fixed and variable costs. Fixed costs are those costs which remain constant at all levels of production within a given period of time. In other words‚ a cost that does not change in total but become. Progressively smaller per unit when the volume of production increases is known as fixed cost. it is also called period cost eg. Rent
Premium Variable cost Costs Cost
A mundane product or service costing less than $5. Ms. Swathi calls for Maggi noodles almost every time someone returns from India or when she goes home. As she lives is a shared accommodation she turns to instant noodles whenever she and her friends want to have something quick which wouldn’t force them to do a lot of cleaning afterwards. All of them generally decide on Maggi‚ as they all have grown up eating Maggi. They do not remember since when‚ but all are accustomed to the taste and they
Premium Maggi Flavor
I. Discuss Process Costing‚ clearly bringing out its advantages and disadvantages. DEFINITION Costs are accumulated in costing systems. According to Glautier and Underdown (2001)‚ the development of costing systems reflects the manner in which accounting methods have been adapted to the needs of different forms of activity and technology‚ and also to the appearance of advanced manufacturing techniques that have been a feature of recent years. Cost accounting systems allow full product costs to
Premium Cost accounting Manufacturing Costs
What is Republic Act 9163 or National Service Training Program? Answer: REPUBLIC ACT 9163 OR NSTP Republic Act 9163 is an act establishing the National Service Training Program (NSTP) for tertiary level students. Its short title is "National Service Training Program (NSTP) Act of 2001." It was passed by the House of Representatives and the Senate of the Republic of the Philippines on December 19‚ 2001. It was subsequently approved by Philippine President Gloria Macapagal-Arroyo last January 23
Premium
A process costing system is a costing system in which the cost of a product or service is obtained by assigning costs to masses of like or similar units. Unit costs are then calculated on an average basis. Process costing systems are used in industries that produce like or similar units which are often mass produced. In these industries‚ products are manufactured in a very similar way. The companies usually use the same amount of direct materials‚ direct manufacturing labor costs and manufacturing
Premium Manufacturing