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What are the major services of Management Information System?
The MIS (Management Information System) provides information onto the past, present and projected future and on associated events in and outside the organisation. The Management Information System provides the management the given major services as follows:
a. Purpose of Information requirements.
b. Information Gathering and Processing
c. Information Utilisation.
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It allocates costs based on the price elasticity of demand. Yet higher the elasticity (elastic), the lower the charge of fixed costs when allocated amongst products.
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Approaches to short-term financing problem?
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