Author: managementneed.com
AP formal record of a person, business, or other entity’s financial actions and condition is called a financial statement. It offers comprehensive details regarding the entity’s financial situation and performance over a given time frame. Financial statements are crucial instruments for decision-making in the eyes of creditors, investors, regulators, and management.
The Key function of operation Management are:- Designing of Goods and Services: Operation Management helps to design or redesign of goods and services to meet customer demands and preferences. They ensure that products are designed efficiently, which helps to meet customer satisfaction. Quality Management: Operation Management helps to maintain and improvement of the quality of a product and service. It also involves the quality control measures, monitoring processes, and continuously enhance product or service quality. Process Management: Operation Management is responsible for managing the processes involved in producing of product and services. It includes optimiz the workflow, and identifying areas…
Operations management which involves planning, organizing, and supervising the processes, and make necessary improvements for various operating activities.
The purpose of financial management is to guide businesses or individuals to make financial decisions helps to make financial stability both now and in the future. It helps to provide good guidance, financial management professionals will analyze finances and investments along with different forms of financial data to help to make decisions. Financial management can also offer clients increased financial stability and profitability when there’s a strategic plan for where, why, and how finances are allocated and used.
Financial management refers to the strategic planning, organizing, directing, and controlling of all financial resources within an organization.
According to the American Marketing Association (AMA) “Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large” Dr. Philip Kotler defines marketing as “the science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit. Marketing identifies unfulfilled needs and desires. It defines, measures and quantifies the size of the identified market and the profit potential. It pinpoints which segments the company is capable of serving best and it designs and promotes the appropriate…
Marketing is the process of identifying, anticipating, and satisfying customer needs and wants through the creation, promotion, and distribution of goods or services. It involves various activities such as market research, product development, pricing, distribution, and promotion, all aimed at attracting and retaining customers while generating revenue for the business. The Purpose of Marketing Marketing involves a business’s different business activities like product development, advertising, sales, and distribution methods. The key purpose of marketing is to get people interested in the products or services of a company.