Chapter 1 Preliminary concepts Concepts Overview The important concepts discussed in Chapter 1 were: 1.1 The main objective underlying corporate financial decisions is to maximise the value of the company‚ which in turn maximises shareholder wealth. This involves the optimal use of scarce resources. Fisher’s Separation theorem formally links the concepts covered in the chapter to provide a single decision rule for a firm’s investment decisions. This decision rule is that management’s role
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Concept‚ nature and significance of management 1) Nature‚ concept and significance of management 2) Functions and principles of management 3) Development of management thought MEANING AND DEFINITION OF MANAGEMENT Management is the process by which a co-operative group directs action towards a common goal. By Joseph Messie To manage is to forecast and plan‚ to organize‚ to command‚ to coordinate and to control. By Henri Fayol Management is the art of knowing what you want men
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MARKETING CONCEPTS Following are the six concepts of marketing • Production concept • Product concept • Selling concept • Marketing concept • Societal marketing concept • Holistic marketing concept THE PRODUCTION CONCEPT: DEFINITION BY KOTLER: “It is the idea that customers will favor products that are available and highly affordable and that the organization should therefore focus on improving production and distribution efficiency.” EXPLANATION: This concept is the
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valuable and compact booklet “A Presentation Style Guide for Business Students” compiled by Mark Tucker and Trevor Tonkin‚ and available online.) 1 WRITTEN ASSIGNMENTS 1.1 Some Hints on Getting Started All assignments in MAR110 - Marketing Concepts are designed to illustrate not only your ability to understand the theoretical frameworks but also the practical application of such theory to marketing practice. For any assignment‚ students should o carefully read the assignment requirements
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1.0 Executive Summary This report provides an analysis and compare of the current profitability‚ efficiency and financial stability of Premier Investments Ltd and David Jones Ltd over last 2 years. Methods of analysis include trend‚ horizontal and vertical analyses as well as ratios such as Gross Net profit margin‚ Inventory turnover and Current ratios. All calculations can be found in the appendices. Results of data analysed show that David Jones Ltd have better performance and is more stability
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Liberal Studies - Revision notes Module 1 – Personal Development and Interpersonal Relationships 1. self concept – academic achievement‚ body image‚ personality‚ identity 2. self-esteem – ideal self‚ actual self‚ self defence mechanism 3. Maslow’s hierarchy of needs A. physiological needs B. security C. affiliation D. self-esteem E. self-actualization – life goal 4. intellectual/cognitive development – independent thinking‚ rebellious behaviour‚ anti-social behaviour‚ juvenile delinquency
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ACCOUNTING CONCEPTS What are the Account Concepts? In order to maintain uniformity and consistency in preparing and maintaining books of accounts‚ Certain rules or principles have been evolved. These rules/principles are classified as concepts and conventions. These are foundations of preparing and maintaining accounting records. “Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts
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30th ANNIVERSARY ISSUE The concept of nursing* Virginia Henderson RN AM DLaw DSc Research Associate Emeritus‚ Yale University School of Nursing‚ Connecticut‚ USA Accepted for publication 4 November 1977 Correspondence: Virginia Henderson‚ Yale University School of Nursing‚ Connecticut‚ USA. HENDERSON V. (1978) HENDERSON V. (2006) Journal of Advanced Nursing 3‚ 113–130 Journal of Advanced Nursing 53(1)‚ 21–34 The concept of nursing The author contends that with the
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controversies surrounding the concept of abnormality.” With reference to this statement‚ discuss the concepts of normality and abnormality. There are controversies surrounding the concept of abnormality. With reference to this statement‚ discuss the concepts of normality and abnormality Psychologists are posed with a difficult task: it is difficult to define and therefore diagnose abnormality because it is‚ to a large extent‚ based on the symptoms people exhibit or report. This paper will uncover
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task a bit less daunting. Financial ratio analysis helps identify and quantify a company’s strengths and weaknesses‚ evaluate its financial position‚ and shows potential risks. As with any other form of analysis‚ financial ratios aren’t definitive and their results shouldn’t be viewed as the only possibilities. However‚ when used in conjuncture with various other business evaluation processes‚ financial ratios are invaluable. By examining Ford Motor Company’s financial ratios‚ along with a few other
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