A product manager investigates‚ selects‚ and develops products for an organization‚ performing the activities of product management. A product manager considers numerous factors such as intended demographic‚ the products offered by the competition‚ and how well the product fits with the company’s business model. Generally‚ a product manager manages one or more tangible products. However‚ the term may be used to describe a person who manages intangible products‚ such as music‚ information‚ and services
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| 2012 | | Triangle Tribe Recruitment | Recuritment of retail manager | | Table of contents Contents Page no. Job analysis 2‚ 3‚ 4 Job description 5 Personnel specification 6 Method of recruitment 6
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When I think of a financial manager‚ accountant quickly comes to mind. The role of accountant and financial manager are similar in several ways and often times they work closely together on various projects. The role of an Accountant is to ensure that their organization is run efficiently‚ make sure their records are accurate‚ and that their taxes are paid properly and on time. Accountants perform a broad range of accounting‚ auditing‚ tax‚ and consulting activities for their clients. They record
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TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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Role of Financial Managers The financial manager plays an important role in the functional areas of finance. The assignments of finance functions to the financial manager depend upon size of the business enterprise. The larger the business enterprise- the greater degree of specialization of tasks is needed. The financial manager is the key persons in any business enterprise. The function of finance manager includes budgeting and investing funds‚ accounting‚ products pricing and forecasting. The
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margin per haircut. Assume that the barbers’ compensation is a fixed cost. Show calculations to support your answer. Contribution margin is the marginal income per unit sold. The formula is the per unit sales price minus the variable cost per unit. For Andre‚ with a sales price of $12.00 and a variable cost of $0.40 per cut‚ his Contribution Margin (income per cut) is $11.60: unit sales price $ 12.00 - variable cost $ 0.40 shampoo = cont margin $ 11.60 = $12
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(October 17‚ 2011). Traits of a Good Manager. www.buzzle.com. Traits of a good Manager by Manali Oak retrieved October 17‚ 2011 From- http://www.buzzle.com/articles/traits-of-a-good-manager.html Summary- these article discuses 4 important traits that a good manager will need to succeed in the working world as well as some ideas on how to act and listen to your employee’s Leadership Leadership is one of the vital qualities of a good manager. A good manager is often seen exercising effective
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Costs and budgets The management of costs is a very important aspect of managing financial resources. If costs are not managed effectively‚ it can lead to profits being damaged and the business potentially unable today its expense. Keeping within a budget‚ increasing income in order to cope with change and making sure that working capital is available and money and set aside for emergencies is all part of the balancing exercise. Costs managed to budget McDonald’s budget was adverse as there
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accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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1. Motivation should be perceived as an on-going process whereby managers continue to uplift their employees in striving for organisational excellence (Robbin‚ Odendaal and Roodt‚ 2003). Managers should intensively stress the significant of perseverance‚ that even though rewards have been cut‚ perseverance will lead them to their former financial stability and in turn return those rewards. Managers are to make sure that employees see the same direction that they see and ensure employees that their
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