What is Goodwill Accounting? Goodwill accounting is an accounting activity for assessing a company’s goodwill, an intangible asset comprising its market position, customer relationships, employee
What is Operating Budget? An operating budget is a financial document that reflects a company’s estimated income and expenses over a specified time and is
What is Material Control? Material control involves the use of various methods to plan, procure, store, handle and consume raw material, aimed at controlling material
What is of Factory Overhead? Factory Overhead includes all those expenses incurred for the manufacturing of the company’s products that cannot be directly attributed to
What is Configure Price Quote? Configure price and quote is an integrated sales process that helps sales representatives to efficiently sell complex products using a
What is Proforma Invoice? Proforma invoice is a preliminary invoice issued by the supplier to the buyer, before the goods or services are supplied, mentioning
Indian Medical Devices Industry The size of the Indian medical devices industry was estimated to be $11 Billion in 2023. It is expected that it
What is Production Management? Production management is a process of organizing and planning the manufacturing activities in a factory to transform input resources like raw
What is Opportunity Cost? Opportunity cost is an economic decision-making approach used by business owners to determine the cost of giving up an opportunity while
What is Profit Maximization? Profit maximization is a business strategy to achieve maximum profits by optimizing the product price, the level of output and the