LIVE MANAGEMENT EDUCATION

 There are many features of product. These features are quality, quantity, shape, size, colour,  outlook and so on. Every feature is important and plays an important role to fulfill the need, desire, demand, expectation of customer. Among all quality is an important feature of product.  The feature that is able to fulfill the need, desire, demand of customer. This feature is called quality. In other words we can say that quality is an internal feature of product that is able to fulfill need, desire of customer. Nature: 1. It is an internal process. 2. It is a technical process. 3. It is a continuous process. 4. It is a formal process. 5. It is a purposeful process. Objective: 1. It improves the living standard of customer. 2. It increases transaction of organisation. 3. It improves profit of organisation. 4. It helps to achieve the goal of organisation. 5. It helps to become brand. 6. It provide maximum satisfaction to customers. 7. It increases name, fame, goodwill of organisation amo

 There are many transaction of business. The process of identifying, recording, classifying, summarising and interpretation of transaction is called accounting.  In other words we can say that accounting is a systematic way of identifying, recording, classifying, summarising transactions. Nature: 1. It is a process. 2. It is an art. 3. It is a science. 4. It is a systematic activity. 5. It belongs to transaction. 6. It is a source of information. Scope: The scope of accounting is very wide. It is used in all types of organisation like sole proprietorship, partnership, joint hindu family, joint stock company and so on. It also helps to perform the functions of business like production, demand forecasting, supplying, advertising, warehousing, trading and so on. Beside above it also helps all types of organisation like public enterprises, private company, school, college, hospital, institution to perform it's function by effective and efficient way.

 There are many techniques of controlling. These techniques are CPM, PERT, Management by objective, budgetory control and so on. Every technique is important and plays an important role in the growth, development of organisation. Among all CPM is most important technique that is used to optimum utilisation of resource and get the goal of the organisation. The full form of CPM is Critical Path Method. There are many activities, actions involve in the process of performing any activity of organisation. Every activity requires particular time and resource. The processor joining every activity to it's time and resource to complete it at minimum time. This process is called critical path method. In other words we can say that there are many steps, sub steps, action, sub action of performing any activity. Every activity requires particular type of resource. This process is called CPM. Steps in PERT: There are many steps of PERT( Project Evaluation Review Technique). These steps are as be

 We know that there are many types of resources organisation possess for maximum production of organisation. These resources are raw materials, coal, petroleum, minerals and so on. The process of purchasing and storing all these things by a systematic way and use it by a proper way. This process is called inventory control. In other words we can say that inventory control is a systematic, scientific way to arrange, store, use our resources in such type of way that optimum utilisation and maximum production is possible inside organisation. There are many other experts that have define inventory control by a number of ways. Some ways are as below: According to Gordon Carson- Inventory control is the process where the investment in raw material and parts carried in stocks is regulated within predetermined limits set in accordance with the inventory policy established by the management. According to business- It is a method designed by the top level of management of company. It requires a