Case Study Companies in the service sector especially in the field of Tourism generally work on advance payments, So if we look at their cash flow situation, they will always be in a comfortable position, as both inbound and outbound tourism is flushed with money. Hence cost control, cost-cutting measures, or any kind of austerity […]
What is marginal costing and what are the benefits of adopting this method in your Organization? This is something most companies follow inadvertently without actually knowing its pros and cons. Expenses in a Company can be divided into two:- 1. Fixed cost – Suppose you are running a hotel, there are some basic expenses you […]