Economic Objectives Business is basically an economic activity‚ its primary objectives are economic. The economic objectives of a business are to earn sufficient profit to give reasonable reward to the investors of capital and to provide funds for expansion and diversification. The main economic objective of business may be described as under: (a) Earning Profit: Business activity is undertaken for earning profit. Profit is the basic incentive to business pursuits. It is the most important objective
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WAT Role of women in socio-economic growth of India cannot be undermined “Woman is the companion of man‚ gifted with equal mental capacity”- Mahatma Gandhi. The need for women’s empowerment arises from the subordinate position they have been accorded for a long time. Empowerment of women needs to begin with her participation in different spheres of life. Education is a great determinant in this regard. To achieve empowerment‚ women have to be educated to be aware of their rights and
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Aims and Objectives Every business has aims that they wish to achieve‚ they might be overall goals and purposes that the business was set up to fulfil. Aims can therefore be seen as not only long term‚ but in some cases‚ almost impossible to reach‚ Heinz aims for its tomato sauce to be the world’s favourite ketchup‚ on every table’ (every table; total Customer satisfaction). But this doesn’t the organisation from trying to reach the aim‚ and from always working towards it. Typical aims
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STUDY OF INVENTORY MANAGEMENT By S.BALAJI A PROJECT REPORT Submitted to the FACULTY OF MANAGEMENT STUDIES In partial fulfillment of the requirements for the award of the degree of MASTER OF BUSINESS ADMINISTRATION IN (FINANCE / MARKETING) (Emblem) ANNA UNIVERSITY CHENNAI 600 025 MAY‚ 2004 ii BONAFIDE CERTIFICATE Certified that this project report titled “A STUDY ON INVENTORY MANAGEMENT” is a bonafide work of Mr. S.BALAJI who carried out the research under my supervision. Certified further
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What are the objectives of business? Every business enterprise has certain objectives which regulate and generate its activities. Objectives are needed in every area where performance and results directly affect survival and prosperity of a business. Various objectives of business may be classified into four broad categories as follows: 1. Economic Objectives: Business is basically an economic activity. Therefore‚ its primary objectives are economic in nature. The main economic objectives of business
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A. FIRM AND ITS OBJECTIVE: Conventional theory of firm assumes profit maximization is the sole objective of business firms. But recent researches on this issue reveal that the objectives the firms pursue are more than one. Some important objectives‚ other than profit maximization are: (a) Maximization of the sales revenue (b) Maximization of firm’s growth rate (c) Maximization of Managers utility function (d) Making satisfactory rate of Profit (e) Long run Survival of the firm (f) Entry-prevention
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Enhancing Your MBA’s reputation The Role of Rankings Why Rank the MBA? RMIT University’s MBA was established in 1974‚ which makes it one of the longest running MBA programs in Australia. For many years very few Universities offered MBAs and it was relatively easy to discern quality‚ content and value issues. However‚ today’s MBA market has changed dramatically – it is crowded and highly competitive. Ranking MBA programs has been commonplace internationally for many years‚ and that trend
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vs Objective In stories‚ newspapers‚ and the spoken word‚ people all over the world are trying to convince you to think as they do. They are bombarding you with facts and figures‚ opinions and projections. It is up to you to create order within this chaos and find the patterns that will help you to understand what is true‚ what could be true‚ and what is outright false. In order to do all this‚ you need to have a firm grip on what is objective and what is subjective. Definition of Objective and
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Instructional objectives may also be called performance objectives‚ behavioural objectives‚ or simply objectives. All of these terms are used interchangeably. Objectives are specific‚ outcome based‚ measurable‚ and describe the learner’s behaviour after instruction. Instructional objectives serve as goals that teachers have set in the achievement of a greater goal. They also tell students what is expected of them. Instructional objectives make definite the direction in which teaching leads and become
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plan that contains objectives. There are two types of objectives‚ strategic and tactical objectives. Strategic objectives are objectives set for the long run; tactical objectives are short day-to-day objectives that the business needs to operate. Setting objectives provides a greater sense of direction for the business. So once an objective is set‚ the employees‚ owner and directors even‚ have a clear pathway and guide of what they want the business to achieve and the objective gives everyone motivation
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