To control their losses and revenues, businesses engage in a variety of organizational actions. ABC and ABM are two major systems that try to evaluate costs as well as earnings and losses. While the terms ABC and ABM appear to be interchangeable, their purposes are very different. ABC is for Activity-Based Costing, while ABM stands …
Profit maximization is the primary objective of any business, and it can only be achieved through increasing sales. To capture maximum client attention and achieve a competitive position in the market, companies use a variety of strategies and methods. Advertising and public relations are the two most important tools for selling the company’s products and …
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No one could possibly imagine that people could travel into the skies hundreds or thousands of years from now; humanity was restricted to land and sea transportation. And the future was, by all accounts, a bleak one. But as time passed, modernization took hold, and we’re seeing the results for ourselves: men have developed the …
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To make a message reach out to the masses, there are several different methods. Especially in times when technology has advanced so much and almost everyone knows about digitalism, advertising and publicity are two of the most efficient ways to fulfill the purpose. Though these two methods have a similar objective, they still have multiple …
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Both Accounting Profit and Taxable Profit are profits made by an organization. However, both terms are different. While accounting profit is the difference between total revenue and total expenses of an organization, the taxable profit is the profit that is taxable according to the relevant provisions of a competent tax act. Accounting Profit vs Taxable …
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