Cost chopping strategy in HRM during economic slowdown
The reduction of the money spent on the procedures of an organization or on the provision of products and services. Cost-cutting actions such as budget reductions, salary freezes, and personnel redundancies may be studied by an organization at a time of recession or financial difficulty or in situations where inefficiency has been revealed. Alternative methods to cost-cutting include modifying organizational constructions and redesigning organizational..
Examining Life Cycle Costing Engineering Essay
Life Circuit Costing (LCC) is a method to establish the full total cost of possession. The total costs of possession are machinery and equipment, including its cost of acquisition, procedure, maintenance, change, and/or decommission (SAE 1999). Besides, this is a structured approach that addresses all the elements of this cost and may be used to produce a spend account of the product or services over its expected life-span. Common terms used to describe the consideration..
Four Stages of the business enterprise Cycle
Q 1 Define the term Business Routine and also clarify the phases of business or trade routine in brief?
Ans: The business routine is the regular but abnormal up-and-down movements in financial activity, measured by fluctuations in real GDP and other macroeconomic variables. Diagram of Business Pattern (or Trade Pattern) :-
The business cycle starts off from a trough (lower point) and goes by through a restoration phase accompanied by a period of expansion..