Cost control
Introduction Cost control is a fundamental aspect of financial management that involves managing and…
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Internal rate of return
What is the internal rate of return? The internal rate of return (IRR) is…
Continuous improvement
What is continuous improvement? Continuous improvement, also known as continual improvement, is an ongoing…
Capital budgeting
What is capital budgeting? Capital budgeting is the process of making financial decisions about…
Variance analysis
What is variance analysis? Variance analysis is a technique used in financial and managerial…
Just in time
Just in time (JIT) is a production strategy that focuses on delivering goods or…
Production planning
What is a production plan? Production planning is the process of determining the most…
Process costing
What is process costing? Process costing is a method used by businesses to calculate…
Job costing
What is job costing? It is a method of tracking the costs of a…
