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Another important decision is maintaining inventory and determining the inventory level. An inventory level is a quantitative limit, which should neither be much higher nor much low. In both the cases the total costs shall be higher. The critical inventory levels are re order level minimum level maximum level danger level and average stock level.
QUESTION 1 (i) ‘Networking technologies have drastically changed the way organisations operate'. Distinguish between a Wide Area Network (WAN) and a Local Area Network (LAN) an
Organisations tend to organise their working areas by function, e.g. production, warehouse, sales and marketing, etc. Business processes occur across these functional groups requi
Define Channel System
QUESTION (a) Describe briefly five strategies for success in e-Business. (b) List five measures to ensure security in e-Business. (c) Explain the term m-Commerce. Describ
What are the advantages of budgets? The advantages of budget are as given below: a. Policy plans and actions considered are all reflected within the budgetary control system
Strategic Issues Facing the Service Industry In today's challenging business environment, professional service industry is facing various kinds of strategic obstacles related
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OCR’s examination paper blunder Explanation and Identification of any two barriers to effective communication: e.g. jargon, technical faults, misunderstandings or poor communi
Fred, a 17-year employee with Sam''s Sauna, was fired for poor job performance and poor attendance, after accruing five disciplinary penalties within a 12-month period under the co
John was hired to the company as an Assistant Brand Manager 2 years ago, and is a high potential employee. John was hired directly after graduation from an MBA program at a prestig
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