COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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ASSIGNMENT ON COST CONTROL AND COST FREDUCTION SUBMITTED BY‚ MOHAMMED NAFAISE E.K ROLL NO: 1600 COST CONTROLL & COST REDUCTION COST CONTROL The practice of managing and/or reducing business expenses. Cost controls starts by the businesses identifying what their costs are and evaluate whether those costs are reasonable and affordable .Then if necessary
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Management Zara–Rapid Fire Fulfillment Assessment Bob Goldwasser Introduction “Do everything possible to let one hand help the other. And whatever you do not take your eyes off the product until it’s sold.” Amancio Ortega This paper will present information on Zara Europe’s fastest growing apparel retailer who has about 1500 stores in major cities around the globe. This paper will explain why the company’s supply chain strategy is successful. It will also explain what advantage Zara has against
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INTERNATIONALISATION OF SPANISH FASHION BRAND ZARA Carmen Lopez Ying Fan Brunel Business School Brunel University Uxbridge UB8 3PH England +44-1895-267239 Key Words Internationalisation‚ fashion retailing‚ market entry‚ branding‚ international marketing‚ Zara 1 INTERNATIONALISATION OF SPANISH FASHION BRAND ZARA ABSTRACT Purpose Research on the internationalisation of retailing has been mainly focused on market entry issues. This paper attempts to examine the internationalisation process
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position in supply chain. Zara Zara is an innovating clothing company which sells clothes throughout the world. Its first shop opened in Spain in 1975. It belongs to Inditex which is one of the largest distribution groups in the entire world. Zara has clothing‚ shoes‚ handbags and furniture. There are over 3.000 Zara stores around the world‚ 205 Zara Kids stores and 272 Zara Home stores. This means that Zara is larger than the American Gap and Swedish H&M! Zara launches about 12.000 collections
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strength usually falls into one of two headings: • Cost advantage • Differentiation By applying these strengths in either a broad or narrow or narrow scope‚ three generic strategies result: • Cost leadership • Differentiation • Focus These strategies are applied at business unit level. They are called generic strategies because they are not firm or industry dependant. Cost Leadership: This generic strategy calls for being the low cost producer in an industry for a given level of quantity
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INDITEX: Fashion Forward ZARA‚ Spain’s most successful brand‚ is trying to go global Inditex‚ one of the world’s two biggest clothes makers‚ is going to go to the world. This article “Fashion forward”is related to chapter 9. There is a saying from the founder of Inditex‚ which is flogging fashion is like fishing‚ fresh fish like a freshly cut jacket in the latest color‚ sells quickly and at a high price. Yesterday’s catch must be discounted and may not sell at all. Depending on this insight
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OBJECTIVE Leadership can be defined as the ability to influence‚ motivate and enable other people to contribute toward the effectiveness and success of the organization. The main objectives to make this report is to apply and relate the public figure leadership style with this subject. From what I learn there are 4 leadership style in path goal model: directive‚ supportive‚ participative and achievement oriented. There are related to the employees and the situation occur. According to the founder
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Kaseumsouk‚ Rishi Gurung‚ Savouth Seng‚ Dev Shrestha‚ Soukry SopCase 3: Zara IT for Fast Fashion11. How would you advise Salgado to proceed on the issue of upgrading Zara’s POS systems?Salgado should be more open-minded when evaluating a newer POS system. Store employees have expressed frustrations with the current process. For instance‚ they are unable to determine if a garment is in stock without manually sifting through merchandise. Zara should provide employees the ability to review inventory balances
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ETHICS IN LEADERSHIP Ethics are the moral values in a human being. It is nothing but a feeling of knowing what is right and by default what is wrong .Ethics is not about codes‚ but about people who make decisions .Ethics is a generalized term. There are professional ethics and so on. This ethical behavior appears to contribute to credibility as a leader. A person’s ethics reflect the sum total of that individual’s experiences‚ education. The process of making good ethical decisions is complex
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