Value added refers to "extra" feature(s) of an item of interest (product‚ service‚ person etc.) that go beyond the standard expectations and provide something "more" while adding little or nothing to its cost.[citation needed] Value-added features give competitive edges to companies with otherwise more expensive products. | | | | Value-added is used in several ways to indicate an enhancement to a product or an entity. By one definition‚ value-added is the difference between the cost of
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12 Angry Men After watching 12 Angry Men‚ I realized that I also have a few characteristics that some of the cast members struggled with during the movie. Such as juror #3 (son problems). As I was watching the film I noticed that juror #3 was bringing his personal issues that involved his son into his decision making. By him doing this it clouded his judgment‚ and he wasn’t able to assess the situation properly. Instead he let his emotions get the best of him. There were curtain things he
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Terms and responsibilities of channel members In conceiving the tasks to be performed by different types of intermediaries in the distribution channel‚ managers must also determine the mix of conditions and responsibilities that must be established among the channel members to get the tasks performed effectively and enthusiastically. The ’trade-relations mix’ is capable of many variations and introduces a still further dimension of alternatives. There are four main elements in the trade-relations
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HOW MANAGERIAL ACCOUNTING ADDS VALUE TO ORGANIZATION 1. INTRODUCTION Management accounting provides accounting and related information to support the management of an organization in its internal decision-making. It includes product costing‚ relevant costing‚ cost-volume-profit analysis‚ capital budgeting‚ and operational‚ tactical‚ and strategic planning. A major activity included in the management accounting is the measurement of costs of processes that create value. Management accounting is
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Dear Summit Academy Friends & Supporters‚ Our greatest opportunity to add value to people’s lives is to help them complete their education and gain competitive skills so that they are marketable to employers. With our strong social networks‚ they can escape the poverty-environment they exist in. These contributions provide our students with a chance to pursue happiness in raising families‚ launching careers and building community. We aid them in escaping the poverty-environment they exist in by
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DOES M&A ACTIVITY ADD VALUE? A LITERATURE REVIEW AND CASE STUDY Abstract In this paper we explore the motivations for corporate acquisitions and critically evaluate whether acquisitions add to shareholder wealth – both from an acquirer and target perspective. We find that the time period over which shareholder wealth is measured‚ the payment form and the nature of the bid all have an effect on the findings. A case study of the ABN AMRO acquisition by RBS is examined to validate the findings from
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P2 Explain the process of distributing goods through different channels from the manufacturer to the customer In this task I am going to explain the process of distributing goods through different channels from the manufacturer to the customers. This report is based on the different distribution channels‚ which business use to distribute goods to the customer. Firstly‚ this report will explain the different channels that the manufacturers use for distribution and explaining the process that is used
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How IT can add value to a company directly and indirectly. Information technology can add value to a company either directly or indirectly. Reducing the cost associated with a given products/services. Cost reduction could happen anywhere within acquisition of raw materials to delivery of final product/services. Cost reduction occurs in different forms‚ it usually occurs when IT allows the same activity or set of activities to be performed more efficiently (Diann‚ n.d.). IT may either reduce
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wholesaler and provide a one time service towards the consumer by adding value and essential services towards the product. Retail stores are targeted to categories of individuals who buy specific types of products where as mass market suppliers such as wholesalers provide a bulk quantity. The main characteristics that sets a retailer apart from is that the retailer is the last party to sell the final product to the end user who is the consumer. The concept of retailing states that new retailing institutions
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Quick Start: Add a chart to your document In Microsoft Word 2010‚ you can insert many kinds of data charts and graphs‚ such as column charts‚ line graphs‚ pie charts‚ bar charts‚ area graphs‚ scatter graphs‚ stock charts‚ surface charts‚ doughnut charts‚ bubble graphs‚ and radar graphs. NOTES Don’t see the chart that you want in this article? For more information about the variety of graphs and charts you can use‚ see Available chart types. Want to create an organization chart? For more
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