Answer:
It means making an effort to constantly explain your actions, decision-making approach and communication methods and learning to lead in different ways to motivate your team to trust in your abilities as a leader and to follow you. Seeking specialised cultural diversity support?
Explanation:
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Answer:
While taking a capital budgeting decision of source of fund, or the capital project to be chosen, we sometimes use Payback Period
It is defined as the tenure in which the cash flows will realize the cost of project, that is the period in which the entire cost will be paid back.
This provides the information regarding the time after which the project will be profitable, or the time at which it will reach break even.
The payback uses the criteria that if the payback period calculated is less than life of project it shall be accepted, in case it is equal to life of project then there will be no profit no loss, and in case payback is higher than life of project then there will be loss.
<h2><em>Ten ways to keep ahead of the competition</em></h2>
<em>Know the competition. Find out who your competitors are, what they are offering, and what their strengths and weaknesses are. ...</em>
<em>Know your customers. ...</em>
<em>Differentiate. ...</em>
<em>Step up your marketing. ...</em>
<em>Update your image. ...</em>
<em>Look after your existing customers. ...</em>
<em>Target new markets. ...</em>
<em>Expand your offer.</em>
The answer is: Absorption costing
In abortion costing, we accumulate all the expense that incurred from acquiring materials , paying all the labor, utilities, and other factory overhead. After that we add it to the total cost of all units that produced.
An advantage of absorption costing is it is a simpler and faster method to calculate total production cost. But, this method does not directly provided us with the information about the cost of creating one single product.