Tag: Administration And Finance

What Is A Business Advisor? Main Functions

A commercial advisor is the professional who within a company or trade, has the responsibility of providing sufficient and complete information to their potential buyers or clients for a sale to take place. The most prominent functions of a business advisor are to provide relevant information, know the markets and products and services, and follow

Macrolocation: Factors, What It Is For And Example

The macro-location of a project or company consists of deciding the most advantageous region where a company or business will be located; describes the general geographic area in which a project is to be located. Cities and regions emerge through the symbiosis of benefits that are generated from the grouping of companies and people. Therefore,

Conversion Cost: How It Is Calculated And Examples

The conversion cost is the amount that is incurred for expenses during the transformation of the inventory of raw materials into finished products. In other words, it is the amount of direct labor and overhead costs that are required to convert the raw materials into an actual product. Therefore, conversion cost is a term used

Callable Liabilities: What It Consists Of And Examples

A callable liability is defined as a company’s legal financial debts or obligations that arise during the course of business operations. Liabilities are canceled over time through the transfer of economic benefits, such as money, products or services. Therefore, a callable liability is a debt of a company that requires the entity to give up

What Are Returns On Purchases?

The returns on purchases are situations in which a company or organization return products purchased from your supplier. This return may be generated as a result of the buyer having found the defective products, with different characteristics from those requested, or for other reasons. In the scenario of a refund on a purchase, the buyer can

Philip Crosby: Biography And Contributions To Quality

Philip Crosby (1926-2001) was an American businessman, pioneering his contributions on the theories and practices of quality and administrative management. He was the author of works related to commercial and industrial areas. In the projects and companies in which he was involved, he was considered a fundamental piece to improve quality conditions. This American is credited