Day: June 8, 2022

TOPIC 1 SCM AND PURCHASING FUNCTION Introduction: Definitions: Procurement: The term procurement is defined as the acquisition of merchandise or services at the optimum possible total cost in the correct amount and quality. These goods and services are also purchased Read More …

INTRODUCTION TO COST ACCOUNTING Purpose The main object of this lesson is to introduce the learner to cost accounting; uses of cost information; cost concepts and the differences between cost accounting and financial accounting Specific Objectives By the end of Read More …

For the purpose of this chapter, PLC will be taken to mean product life cycle, and product and service will be used interchangeably. Many will be familiar with this timeless model which not only describes the stages in the sales Read More …

INTRODUCTION DEFITION Public relations (PR) is a form of communication that involve creating understanding through knowledge and effecting change in commercial ,non commercial, private and public sector Public relations (PR) refer to all forms of planned communication within and outside Read More …

To survive or prosper in the global business environment, a firm must be skilful in how it applies its strategies to compete globally. Although global competitive strategies are imperative for firms operating in multiple countries, the solely domestic firm must Read More …

5.1 Perfect Markets Perfect market is a market with many buyers and sellers where nobody can determine the price of goods or services. Characteristics Large number of buyer and sells where each individual firm supplies part of total quality supplied. Read More …

Definition Production comprises all activities that provide goods and services which people want and for which they are prepared to pay a price. The composition of the total output can be classified into consumer goods and produce goods and services. Read More …

Introduction It touches on satisfaction other than a customer desire from consuming a particular commodity’s. The satisfaction the consumers derives from consumption of commodity is called utility. Average utility is the satisfactory per unit consumed on average. Marginal utility is Read More …

Purpose The theory of demand and supply enables us to understand the determination of prices and quantities in different markets. For example, why the prices of agricultural commodities such as tomatoes, apples, mangoes and cabbages increase and decrease at certain Read More …

Economics essentially studies the way in which mankind provides for the material well being. It’s thus concerned with the way people apply their knowledge, skills and effort to the gift of nature in order to satisfy human their material wants. Read More …