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E-Commerce: Also known as electronic commerce e-commerce means making use of computers and internet technology to conduct business. Purchase, sale and all the other functions of business take place electronically. E-commerce can be consumer to consumer (C2C), business to business (B2B), consumer to business (C2B) and business to consumer (B2C).
Just in Time: Just in time is an inventory management method in which only that much inventory is maintained which is required for the production. No stock is held, thus reducing the carrying cost.
Enterprise Resource Planning: ERP helps in integration of organizational functions like sales, human resource, purchase etcetera. Nowadays ERP softwares have been developed to automate business processes.
Total Quality Management: It aims at achieving long term benefits by making the organization customer and process oriented, integrating the organizational activities and delivering the best quality of products and services.
To Identify: Match the statements with the given terms.
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Chapter 18 Solutions
Horngren's Accounting, The Financial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText - Access Card Package (12th Edition)
- Do fast answer of this accounting questionsarrow_forwardSwifty Corporation purchased Windsor Company 3 years ago and at that time recorded goodwill of $380,000. The Windsor Division's net assets, including the goodwill, have a carrying amount of $760,000. The fair value of the division is estimated to be $1,010,000. Prepare Swifty' journal entry, if necessary, to record impairment of the goodwill. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Account Titles and Explanation eTextbook and Media Debit Creditarrow_forwardhello teacher please solve questionarrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
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