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IGBizStudies
- May 26, 2021
- 1 min
What is cash-flow and its importance
Cash is needed to pay business expenses. Cash flow describes how a business receives cash (cash inflow) and spends it (cash outflow).
660
IGBizStudies
- May 26, 2021
- 1 min
Why do business need financing
Cash flow is necessary for a business to operate at all times
720
IGBizStudies
- May 25, 2021
- 1 min
What is quality control, quality assurance and total quality management
They are practices that ensures the quality of product. Quality Control Quality control removes defective output at the end of the...
600
IGBizStudies
- May 25, 2021
- 1 min
How to decide on production methods?
Nature of product, size of market, demand needs, productive capacity
590
IGBizStudies
- May 25, 2021
- 1 min
What is productivity and efficiency and why it is important
Productivity is the measurement of the amount of output a unit of input could produce. They are measured using the following formulas...
710
IGBizStudies
- May 25, 2021
- 2 min
What is economies of scale and diseconomies of scale
Economies of scale happens when a business grow large enough to enable them to lower average cost, while diseconomies of scale happens...
940