Notes of fmea
Unit 1 : FMEA
Definition, characteristics and importance of management Management Science or Art, Difference between Management and Administration, Levels of management, Functions of Management, Managerial Roles, Managerial skills and competencies; Decision Making Definition, process and types; Decision making under certainty, uncertainty and risk Cross cultural issues in management and challenges
Unit 2 : FMEA
Introduction to Marketing Definition, importance, function and scope of marketing, Core Concepts of marketing. Marketing concepts and orientations, Marketing environment, Marketing-mix, Holistic marketing concept, Customer Relationship Management (CRM).Introduction to Human Resource Management (HRM) Nature, Scope. Objectives and Functions Role of HR manager, Process and need for Human Resource Planning, Human resource policies, Changing role of Human Resource in India, Globalization and its impact onHuman Resource.
Unit 3 : FMEA
Introduction to Economics Definition, nature, scope and significance; Difference between micro and macro economics; Time value of money, Law of diminishing marginal utility; Theory of Demand and Supply, Price elasticity of demand; Meaning and types of costs, Law of variable proportions; Types of market structure; National income and related aggregates; Meaning and types of Inflation; Meaning and phases of business cycle.
Unit 4 : FMEA
Accounting Principles and Procedure, Double entry system, Journal. Ledger, Trail Balance, Cash Book; Preparation of Trading, Profit and Loss Account; Balance sheet; Cost Accounting Introduction. Classification of costs, Methods and Techniques of costing, Cost sheet and preparation of cost sheet; Breakeven Analysis Meaning and its application.
Unit 5 : FMEA
Introduction of Business Finance Meaning, Definition of Financial Management, Goals of Financial Management (Profit Maximization and Wealth Maximization), Modern approaches to Financial Management — (Investment Decision, Financing Decision and Dividend Policy Decisions).