Administration role: Administration is known as the space where a set of common actions or operations take place regardless of the specification of the managed object. The set of operations and the sequence in which they are carried out is what is called the administrative process. The administrative process is understood as the set of … Read more
What is meant by administration? The coordinated effort of a social group to obtain an end with the greatest efficiency and the least possible effort. Henry Sisk and Mario Sverdlik say: “It is the coordination of all resources through the process of planning, direction and control, in order to achieve established objectives.” Robert F. Buchele: … Read more
Sustainability is of great importance since it is the total efficient and rational administration of all resources, so that it is possible to improve the well-being of today’s society without compromising the quality of life of future generations. One of the main challenges Mexico faces in terms of sustainable development is to include the environment … Read more
A distribution channel structure relates to the system used by a company to deliver goods and products to consumers. There is a mix of options, from direct direct to indirect distribution channels. There are four important factors have been identified as those that make up the structure of a company’s distribution channel. These factors are: … Read more
The most valuable tool for workforce management is a well-built human resource endowment system that meets the needs of your company and workers. An effective HR personnel system consists of much more than technology, the human part is equally important. The goals of an HR system are to recruit great talent, develop and retain existing … Read more
The materials management is necessary for any company. Having a well-equipped headquarters with the right office equipment and supplies is essential for the operation of the sales department. Having an inventory with quality raw materials is related to optimal and efficient production; and the acquisition of products and services at reduced costs has a positive … Read more
File organization is a way of organizing data or records in a file. It does not refer to how files are organized into folders, but how the content of a file is added and accessed. There are several types of file organization, the most common are sequential, relative and indexed. These differ in the ease … Read more
If you have ever heard the term environmental analysis within your work area, you will ask yourself what is an environmental analysis for a business ? This is relatively qualitative and consists of the identification and analysis of the environmental variables that affect the company. Additionally, some environmental analysis frameworks have received a great deal … Read more
Taxable interest refers to income associated with an interest charge from positive economic and financial activities for the company. This implies two things, on the one hand, that the interests credited in favor in the accounting books are subject to subsequent taxes. This means that they do not represent a net profit until after declaring … Read more
The abbreviations for nurse practitioners have the function of optimizing communication within a work team, in order to increase speed and effectiveness. It is important to bear in mind that in the different professions metalanguages and specialized abbreviations are used, to have a conceptual framework that allows to streamline processes within processes in related areas. … Read more
Although the computer age and technological advances have increased the response speed of certain processes, paradoxically, some commercial transactions, especially banking, seem to be carried out manually because they are carried out in an excessively long waiting time. In this sense, it is almost normal for banking institutions to inform you that the money traded … Read more
The production includes the set of operations required to transform raw materials and other inputs into finished goods for consumers or semi – processed for use in other production phases. Adding value to inputs and merchandise. When it is produced, a raw material is taken and with the investment of labor, machinery and energy, value … Read more
A training manual is one of the best resources for the instruction and improvement of the human capital faculties of a company. The manuals or training protocols allow not only the training of new personnel, but the training of senior staff in new programs, systems or functions. A self – taught and trained staff increasingly … Read more
The Pareto chart is based on the research of Villefredo Pareto. He found that roughly 80 percent of all the wealth in the Italian cities he investigated was owned by only 20 percent of families. The Pareto principle has been found to apply in other areas, from economics to quality control. However, Pareto charts have … Read more
If you are immersed in the world of SMEs, you must be clear about the definition of business development. Knowing this will allow you to focus much better on the objectives of your company to contribute to its growth and positioning within the market. Notes on the definition of business development When we talk about … Read more
Net sales and gross sales are variables defined from the total sales volume, the differences are really subtle but substantial between the two. Before going into the matter between what one and the other are, it is important to emphasize that these variables are simply measurement elements in financial accounting. And at no point do … Read more
The unit cost calculation is especially useful for companies that produce or market a large number of the same item. The unit cost serves as an input for other calculations such as the profit per unit, the comparison with the sale price, the breakeven point or simply to be compared with the budgeted cost and … Read more
Discipline, meticulousness, extreme asepsis, attention to detail, elegance, protocol and good service, accompany the capacity and the kitchens of the best restaurants. All this level of demand requires that the organizational structure or administrative structure of a restaurant be clearly defined and with precise and fully executed functions by each of its members, from the … Read more
The print media are traditional magazines, newspapers or newspapers and even books and encyclopedias. The first two, the most common, are information and advertising media. They all go through an editing and printing process. These printed means of communication are a legacy of antiquity, since millenary cultures disclosed their life, laws and customs in codices, … Read more
Financial information offers a case study in how a company prepares and publishes its economic data. Investors, regulators, and the general public rely on financial information to assess the condition of the company. The income statements and balance sheet help corporate financiers to lift the veil on the profitability and solvency of companies. Definition A … Read more
The discounts are one of the most used promotional strategies to achieve sales goals and increase market share. The discount creates the mental image that a product is being purchased at the best price for a limited time, which stimulates purchase intention in the short term. However, before calculating a discount and offering it with … Read more
The organizational structure of a hotel is a comprehensive plan of the hotel owner to define departmental activities and responsibilities. This structure puts order in all aspects of the establishment’s operation, from reception and room service to the human resources department. Organizational structures for a hotel are necessary to ensure maximum profitability from each room, … Read more
As long as a promissory note is valid, the borrower is responsible for repaying the loan as agreed. However, there are certain provisions that can cause the promissory note to void and prevent it. It is important as a lender to follow the necessary policies and procedures to ensure that the promissory note is, in … Read more
The effective capacity and efficiency are two measures used to evaluate the performance of a company at the level of its production operations, storage or receipt of goods and services in a given period of time. In itself, effective capacity is a way of expressing the level of use of the company’s installed capacity, that … Read more
Right now we will tell you what a commercial reference is for in a credit application, credit applications for companies are very similar to those for individuals. The potential lender wants to make sure the business is financially healthy enough to pay off its debts. When filling out a credit application, a company may be … Read more
The five marketing principles include what is commonly known as the four Ps, plus another 5th: product, price, promotion, place and people. The marketing industry dictates that without these elements, a complete and effective marketing plan is impossible. To ensure success in any business, a mix of these five principles must be understood and carried … Read more
The discounts on the price of an item is a type of sales promotion traditional and very effective if properly planned. The immediate purpose of a commercial discount is to boost the sales of a certain product or service, a discount also allows to increase the client portfolio, make inventory management and the operating cycle … Read more
The simple answer to such a question is No! The land is not amortized from an accounting point of view. A land may suffer some deterioration due to erosion, landslides, abrupt change of the relief product of landslides, subsidence or continuous floods that can affect its value or devalue in its entirety, but it is … Read more
Renting a second apartment or house is one of the most used operations worldwide to obtain a stable monthly income. Although owning properties is in itself a protection against inflation, when they are unoccupied they originate maintenance expenses that can only be avoided by renting the property to a third party. In this way, the … Read more
Linear regression analysis is a method of analyzing data that has two or more variables. By creating a “best fit” line for all data points in a two-variable system, the values of y can be predicted from known values of x. Linear regression is used in business to predict events, manage product quality, and analyze … Read more