The Advantages of Inter Firm Comparison
The important advantages of Inter Firm Comparison from the scheme can be listed as follows -
1. Improvement in efficiency
Fixation of performance standards creates meaningful comparison. It assists to reveal the internal inefficiencies and assists to convert them into efficiency.
2. Increased productivity
Inter firm comparison forces to accept new production techniques, technical know-how. Result of this is the productivity of the individual firm and the industry also rises.
3. Reliable information
Inter firm comparison is relies on the uniform costing. That is why it is reliable information for decision making process.
4. R & D
Inter firm comparison make easy research and development. Individual firms and the group of them undertake dissimilar R & D projects to raise the competitiveness. Therefore it more R & D is possible.
5. Assistance to Government
Inter firm comparison assists Government to make out true fact of industry in general and particularly to a firm also. The Government can design just and fair industrial policies, tax policies along with help of the data presented from the Inter firm comparison.
6. Other benefits
1. Inter-firm comparison eliminates disparities and carries stability in the cost structure and presentation of information.
2. Cost consciousness is formed among the participating firms and they are cautious at every level.
3. Inter-firm comparison assists management to control the costs; efforts are made to decrease them if they go beyond in the firm in comparison to the other firms.
4. Productivity is enhanced while the spheres of weaknesses or uneconomies are located.
5. Efficient reporting system is ready and information is presented in standardised forms.
6. Firms try to prevent unfair competition. Harmonisation and synchronisation of activities occur.
7. The concern has to keep up-to-date information regarding to the results for giving it to the association and so the recording system is enhanced.
Latest technology based Cost Accounting Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Advantages of Inter Firm Comparison homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Advantages of Inter Firm Comparison, project ideas and tutorials. We provide email based Advantages of Inter Firm Comparison homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Advantages of Inter Firm Comparison. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Cost Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the cost accounting assignments, which may help you to solve your complex issues of Advantages of Inter Firm Comparison. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
Theory and lecture notes of Least Squares Fitting-Noisy Data all along with the key concepts of functions and data, Traffic flow model, Linear least squares, Drag coefficients. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Least Squares Fitting-Noisy Data.
tutorsglobe.com bacterial viruses assignment help-homework help by online classification of virus tutors
Thermal Properties tutorial all along with the key concepts of Heat capacity, Density of state, Debye model, Einstein model and Thermal conductivity
Theory and lecture notes of Eigenvalues and Eigenvectors all along with the key concepts of linear algebra, Complex Eigenvalues, Larger Matrices, Finding Eigenvalues. Tutorsglobe offers homework help, assignment help and tutor’s assistance on eigenvalues and eigenvectors.
tutorsglobe.com existence of large number of firms assignment help-homework help by online characteristics of monopolistic competition tutors
Oxidation Reduction Titration tutorial all along with the key concepts of Electrochemical cell, Redox Titration Curve, Detecting Redox End Point, Iodimetry and Iodometry
molecular nanotechnology, occasionally termed as molecular manufacturing, explains engineered nano systems (nanoscale machines) that operating on the molecular scale.
Terms Used In Cost Accounting - Cost Center is described as, 'a production or function, service, activity or item of equipment which costs might be attributed to cost units.
www.tutorsglobe.com offers answering questions to economic problems associated with unemployment, theory of unemployment theory, economics assignment help-homework help by online tutors
Theory and lecture notes of Scheduling and granting requests all along with the key concepts of scheduling and granting requests, lock management pragmatics, queue of desires. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Scheduling and granting requests.
tutorsglobe.com structure of stoma assignment help-homework help by online types of transpiration tutors
tutorsglobe.com effects of global warming assignment help-homework help by online global warming tutors
tutorsglobe.com antigens assignment help-homework help by online immunology tutors
www.tutorsglobe.com offers Idle Facilities homework help, assignment help, case study, writing homework help, online tutoring assistance by accounting tutors.
tutorsglobe.com active immunization assignment help-homework help by online vaccines tutors
1962402
Questions Asked
3689
Tutors
1452391
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!