Accounts Payable: This is the amount of money that is owed for the purchase of either goods or services from any organization or any entity at a particular date. This is a kind of current liabilities. This term is showed in the Balance Sheet as part of the Total Liability of the organization. Importance of Account Payable: Accounts Payable is one of the major liabilities for an organization. An organization must clearly and precisely identify the amount of Accounts Payable to compare the liability
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Porters Five Force Analysis‚ Industry: Casinos The purpose of this analysis is to determine the attractiveness of the Casino industry by investigating five specific forces that have the potential to drive down profitability. The Casino industry is composed of firms operating primarily in providing gambling activities and games to consumers while also supplying hotel services and other commodities. Firms that exclusively operate non gambling resorts were not directly included in this profitability
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McBride Financial Services Marketing Plan “McBride Financial Services is a start-up regional mortgage lender headquartered in Boise‚ Idaho. The firm will specialize in conventional‚ FHA‚ and VA loans for home purchasing and refinancing. The company intends to expand its operations into Wyoming‚ Montana‚ North Dakota and South Dakota.” (McBride Financial Services website‚ 2003) According to their intranet site‚ McBride’s target market is: 1. Professionals purchasing either a primary or secondary
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environment can classifies in two categories that are internal environment and external environment. Internal factors close to the company that have a direct impact on the organizations strategy‚ these factors include employee‚ customer‚ suppliers‚ shareholder‚ banker etc. External environment comprises those factors and trends outside the organization that might have an influence upon an organization and its future. Many external factors can have an effect upon an organization - from changes in government
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Porter’s Five Forces Model of Industry Structure An industry is a group of firms that market products which are close substitutes for each other (e.g. car industry‚ travel industry). Some industries are more profitable than others. Why? The answer lies in understanding the dynamics of competitive structure in an industry. The most influential analytical model for assessing the nature of competition in an industry is Michael Porter’s Five Forces Model‚ which is described below: Porter explains
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Competitive Forces was developed by Michael E. Porter in his book Competitive Strategy: Techniques for Analyzing Industries and Competitors in 1980. Since that time it has become an important tool for analyzing an organizations industry structure in strategic processes. Porter’s model is based on the insight that a corporate strategy should meet the opportunities and threats in the organizations external environment. Especially‚ competitive strategy should base on and understanding of industry structures
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three credit reporting bureaus‚ when it was not. In the Dealers’ Financial Services‚ LLC (Dealer) consent order‚ Dealer misrepresented that an add-on vehicle service contract would add “just a few dollars to your monthly payment” or that GAP insurance product would add “just a few pennies a day to your monthly payment” when average monthly cost was over $40 and $12.55‚ respectively. Last‚ in Chase Bank USA and Chase BankCard Services (Chase) Consent Order‚ Chase substantial assistance to debt collectors
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| |3 |Structure of the Indian Cement Industry | |4 |Liberalization | |5 |Phases of Growth | |6 |Performance of the Industry | |7 |Current Scenario
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on the tourism industry in the service sector. This report is going to focus upon the tourism industry within the service sector‚ looking at‚ the tourism product‚ the business operations cycle‚ the service concept‚ and then the idea of the service concept will be applied to the tourist attraction Alton towers. Section 1 : The key differences between a tourism product and a manufactured product. The tourism product is defined by many as an intangible product to the customer‚ a service/ experience the
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Why quality customer service is more important in banking industry? Behaylu W.Deneke Most‚ if not all‚ private commercial banks in Ethiopia use almost the same marketing approaches to attract customers. They develop the traditional banking products and open branches everywhere then promote their branch and Products aggressively on the traditional channel. Before going to the detail let me differentiate between bank product and bank services. The bank products are deposit‚ borrowing or other
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