Easy Understanding of Economics

1. NEED FOR RESTRUCTURING O
EASY UNDERSTanDING OF
ECONOMICSRICULTURE
DR.D.ELANGO
ASST.PROFESSOR OF ECONOMICS
GOVERNMENT ARTS COLLEGE
COIMBATORE

6. DEPARTMENTS IN A COMPANY
• Production.
• Research and Development (often
abbreviated to R&D)
• Purchasing.
• Marketing (including the selling function)
• Human Resource Management.
• Accounting and Finance.

7. PROBLEMS FACED BY PRODUCTION
DEPARTMENT
HOW MUCH SHOULD BE PRODUCED
WHERE TO PRODUCE
WHEN TO PRODUCE
HOW TO AVOID INVENTORY
WHAT WOULD BE THE RATE OF RETURN
NATURE OF QUALITY
IMPROVISING PRODUCTION PROCESS ETC

8. PROBLEMS FACED BY MARKETING
DEPARTMENT
HOW TO FIX THE PRICE
WHERE TO SELL THE COMMODITIES
WHO IS CONSUMER
NATURE OF CONSUMERS
MARKETING STRATIGIES
WHAT ARE THE PROMOTIONAL ACTIVITIES
COULD BE CARRIED OUT
SALES FORECASTING ETC.,

9. PROBLEMS IN HR DEPARTMENT
SELECTION OF EMPLOYEES
FINDING OUT LABOUR INSTENSITY
PROVIDING TRAINING TO LABOURERS
QUALITY MANAGEMENT
AVOIDING DISPUTE AMONG THE LABOURERS
SALARY DISCRIMINATIONS
 CORPORATE CULTURE ETC.,

10. PROBLEMS IN FINANCE DEPARTMENT
FINANCE MOBILISATION
MAINTAING RESERVE AND SURPLUS
GOVT. SUBSIDY
FUNDS PLANNING
REALTION WITH BANK
FIANCIAL DECIPILINE
FINANCE FORECASTING ETC.,

12. RESPONSIBILITY OF ECONOMICS
GRADUATES
• ECONOMICS IS THE SUBJECT COULD
SOLVE THE ENTIRE PROBLMES ARISE
IN MICRO AS WELL AS IN MACRO
LEVEL

13. THANK YOU