Monday, September 4, 2017

Stock market efficiency



Stock market efficiency:

Efficient market: prices of securities in the market should fully and quickly reflect all available information, which means that market prices should be close to intrinsic values (market in equilibrium)

Levels of market efficiency

Weak-form efficiency - stock prices already reflect all information contained in the history of past price movements (only past prices, volumes, and returns).

Semi strong-form efficiency - stock prices already reflect all publicly available information in the market (only past publicly available information).

Strong-form efficiency - stock prices already reflect all available information in the market, including inside information (all public and private information).

What are Scrap, Defectives and Spoilage?



What are Scrap, Defectives and Spoilage?

Scrap: -Scrap is the residual outcome from a production process which generally has disposable value.

Defectives: -Defectives are part of a production process. Defectives can be rectified by occurring some additional costs. Defective works occurs because of many reasons like inefficiency of workers, poor quality of raw materials, production planning problems etc. Defectives products can be rectified by using additional material, labor and overhead and can be sold as good output.

Spoilage: -Spoilage occurs when goods are damaged in a way that there is no chance for rectification. Spoilage is disposed off without any further rectification.

Saturday, January 7, 2017

Job Responsibilities (JR) of a Sales Executive.

Job Description / Responsibility
· Achieving total level value & volume target and ensuring optimum products distribution & visibility
· Aggressively drive for achieving monthly, quarterly and yearly sales targets
· Develop route level sales plans
· Performing primary sales order management and verifying secondary sales
· Monitoring distributors' stock, ensuring timely payment from distributors and receiving claim adjustment
· Ensuring coverage and availability as per the norms & resolving problem at immediate subordinate & out-level
  • Responsible for achieving sales target of all hub under his territory;
  • Collecting market feedback and competition information
  • Daily update & reporting to his supervisor;
  • To plan and carry out all sales and marketing activities on assigned category.
  • Must be target oriented, able to fulfill responsibilities.
  • Market visit, client hunt, creating market opportunity by generating and qualifying potential leads in advance.
  • Develop new clients and maintain good relationship with existing clients.
  • Source and develop client referrals.
  • Prepare sales action plans and strategies.
  • Schedule sales activity.
  • Develop and maintain a customer database.
  • Develop and maintain sales and promotional materials.
  • Plan and conduct direct marketing activities.
  • Make sales calls to new and existing clients.
  • Develop and make presentations of company products and services to current and potential clients.
  • Negotiate with clients.
  • Develop sales proposals.
  • Prepare and present sales contracts.
  • Maintain sales activity records and prepare sales reports.
  • Respond to sales inquiries and concerns by phone, electronically or in person.
  • Ensure customer service satisfaction and good client relationships.
  • Follow up on sales activity.
  • Perform quality checks on product and service delivered.
  • Participate in sales events.
  • Monitor competitors, market conditions and product development.
  • Monitor and report on sales activities and follow up for management.

Application of Forensic Audit in Private and Public Sector Organizations

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