Absorption of Overheads or Cost Recovered – Definition, Procedure and Formula: Once total production overheads (calculation of overhead absorption rate) of production cost centers are calculated through allocation and apportionment, they are transferred to, i.e., absorbed by, the cost units or products which are produced by those cost centers. The cost charged to production is […]
The Difference Between Cash and Profits
In my article, What You Really Need to Know About Cash Flow, I pointed out that most people think in terms of profits instead of cash. In this article, I wrote: Although cash is critical, people think in profits instead of cash. We all do. When you imagine a new business, you think of what it […]
8 Technology-Enabled Trends | Marketing
Technology-Enabled Trends This article throws light upon the eight technology-enabled trends to shape business and economy. The trends are 1. Distributing Co-Creation 2. Using Consumers as Innovators 3. Tapping into a World of Talent 4. Extracting more Value from Interactions 5. Expanding the Frontiers of Automation 6. Unbundling Production from Delivery 7. Putting more Science […]
What is Business-to-Business (B2B) Market | Marketing
what is Business-to-Business (B2B) Market This article provides notes on Business-to-Business (B2B) Market. The business market consists of all organizations that acquire goods and services to further produce products or services to be sold, rented, or supplied to others. Demand in the business market is derived from demand in the consumer market and fluctuates with […]
6 Top forms of Separation of Employees
Separation of Employees Separation of employees from an organization. The forms of separation are as follows: 1. Resignation 2. Dismissal or Discharge 3. Death 4. Suspension 5. Retrenchment 6. Lay off Separation of Employees: Form # 1. Resignation: A resignation refers to the termination of employment at the instance of the employees. A resignation may […]