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What is the difference between stock control and stock management?
stock control is the process of making sure that the correct level of stock is maitained and stock management is to meet demand while the cost of holding stock is to a minimum
What is inventory control?
Knowing what is in the warehouse or store, sending or selling the right product and the right quantity to vendors or customers and keeping people from stealing product. It is the act of monitoring movement of items from the point of receipt into the warehouse/store to the point of issue to the customer/user so as to minimize, if not to prevent, theft, stock-outs and deterioration thus maximization of profits.
Difference between professional and traditional management?
under Traditional management ownership and management/control stay with the same persons. In Professional management, ownership and management may differ. ex: Take Joint stock companies - Owners are the shareholders whereas the management is taken care by managerial personnel who are professionals
The owners of an have a voice in how the corporation is operated?
preferred stockIt is common stock not preferred stock
What is the difference between sales turnover and labor turnover?
Sales turnover is often expressed in monetary terms but can also be expressed in terms of the total amount of stock or products sold within a specific time period, usually a year. Whereas Labour turnover is the ratio of the number of employees that leave a company through attrition, dismissal, or resignation during a period to the number of employees on payroll during the same period.
