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NEED FOR STUDYING CONSUMER BEHAVIOUR IN MARKETING- TOP 10 POINTS YOU SHOULD KNOW

June 25, 2023June 26, 2023 commerceiets No Comments

NEED FOR STUDYING CONSUMER BEHAVIOUR IN MARKETING Studying consumer behavior is crucial for marketers in today’s highly competitive business landscape. Consumer behavior refers to the process by which individuals or groups make decisions about the selection, purchase, use, or disposal of products, services, ideas, or experiences to satisfy their needs and desires. Understanding consumer behavior…

CONSUMER BEHAVIOR

NATURE OF CONSUMER BEHAVIOR- TOP 10 POINTS EXPLAINED

June 25, 2023June 27, 2023 commerceiets No Comments

NATURE OF CONSUMER BEHAVIOR MEANING OF CONSUMER BEHAVIOR Consumer Behaviour involves the thoughts and feelings people experience and the actions they perform in consumption processes. Consumer Behaviour is dynamic, involves interactions, and involves exchanges. ACCORDING TO PROF. C G WALTER Consumer behaviour refers to the action and decision processes of people who purchase goods and…

CONSUMER BEHAVIOR

10 DIFFERENT TYPES OF BUSINESS – NOTES

June 15, 2023June 15, 2023 commerceiets No Comments

TYPES OF BUSINESS MEANING OF BUSINESS Business can be defined as an economic activity under taken for the production of goods and services with the aim of satisfying the human wants. The etymology of “business” relates to the state of being busy either as an individual or society, as a whole, doing commercially viable and profitable work….

BUSINESS MANAGEMENT, BUSINESS ORGANISATION

TOP 10 FEATURES AND TYPES OF PROFESSION

June 14, 2023June 14, 2023 commerceiets No Comments

FEATURES AND TYPES OF PROFESSION PROFESSION A profession is an occupation which involves the rendering of personal service, of a specialised nature. The service is based on professional education, knowledge, teaching, etc. The specialised service is provided for a professional fee charged from the clients. The professionals are members of professional bodies of those lines and conduct…

BUSINESS MANAGEMENT, BUSINESS ORGANISATION

TOP 10 APPLICATIONS OF PROCESS COSTING IN DIFFERENT INDUSTRIES

June 9, 2023June 9, 2023 commerceiets No Comments

APPLICATIONS OF PROCESS COSTING IN DIFFERENT INDUSTRIES– MEANING OF PROCESS COSTING Process Costing is that aspect of operation costing which is used to ascertain the cost of the product at each process or stage of manufacture. This method of accounting used in industries where the process of manufacture is divided into two or more processes….

COST ACCOUNTING

FEATURES OF PROCESS COSTING – BEST 15 POINTS

June 8, 2023June 9, 2023 commerceiets No Comments

FEATURES OF PROCESS COSTING PROCESS COSTING- MEANING Process Costing is that aspect of operation costing which is used to ascertain the cost of the product at each process or stage of manufacture. This method of accounting used in industries where the process of manufacture is divided into two or more processes. The objective of process…

COST ACCOUNTING

TREATMENT OF NORMAL LOSS AND ABNORMAL LOSS IN PROCESS COSTING

June 8, 2023June 8, 2023 commerceiets No Comments

TREATMENT OF NORMAL LOSS AND ABNORMAL LOSS IN PROCESS COSTING In manufacturing processes, entire input is not getting converted into output. A certain part of input is lost while processing which is inevitable. Certain production techniques are of such a nature that some loss is inherent to the production. Wastages of material, evaporation of material…

COST ACCOUNTING

IMPORTANCE OF EQUIVALENT PRODUCTION IN VALUING WORK IN PROGRESS

June 1, 2023June 1, 2023 commerceiets No Comments

IMPORTANCE OF EQUIVALENT PRODUCTION IN VALUING WORK IN PROGRESS EQUIVALENT PRODUCTION Equivalent Production represents the production of a process in terms of completed units. In other words, it means converting the incomplete production units into its equivalent of complete units. In each process an estimate is made of the percentage completion of any work-in-progress. A production schedule…

COST ACCOUNTING

COST PLUS CONTRACTS IN CONTRACT COSTING FROM VIEWPOINT OF BUYER AND MANUFACTURER – ADVANTAGES AND DISADVANTAGES

May 31, 2023June 1, 2023 commerceiets No Comments

COST PLUS CONTRACTS IN CONTRACT COSTING Cost plus contract is a contract in which the value of the contract is ascertained by adding a certain percentage of profit over the total cost of the work. This is used in case of those contracts whose exact cost cannot be correctly estimated at the time of undertaking…

COST ACCOUNTING

EMPLOYER LIABILITY TO PAY COMPENSATION UNDER WORKMEN COMPENSATION ACT 1923

May 31, 2023May 31, 2023 commerceiets No Comments

EMPLOYER LIABILITY TO PAY COMPENSATION UNDER WORKMEN COMPENSATION ACT 1923 The Workmen’s Compensation Act 1923 was introduced in India in 1923 as first social security of workmen and to protect the interests of the workmen. This Act is based on the theory that: “The cost of Product should bear the blood of the workmen.” SCOPE…

INDUSTRIAL AND LABOUR LAWS