In this article we will discuss about the hire purchase system of selling. Prof. J. Stephenson defines 'hire-purchase' as a form of trade in which credit is granted to the customer on the security of a lien on the goods. To put in simple terms, under the hire-purchase system, a seller delivers the goods to the customer (hirer) who agrees [...]
After reading this article we will learn about:- 1. Meaning of Demand Forecasting 2. Importance of Demand Forecasting 3. Demand (Sales) Forecasting Periods 4. Factors Affecting5. Methods of Estimating Future Demand 6. Demand Forecasting of New Products 7. Criteria 8. Procedure. Contents: Meaning of Demand Forecasting Importance of Demand Forecasting Demand (Sales) Forecasting Periods Factors Affecting Demand (Sales) Forecasting Methods [...]
After reading this essay you will learn about:- 1. Meaning of Production 2. Methods of Production 3. Types. 1. Essay on the Meaning of Production: Production is a sequence of technical processes requiring either directly or indirectly the mental and physical skill of craftsman and consists of changing the shape, size and properties of materials, and ultimately converting them into [...]