Make sure the app has easy navigation

You need to ensure that users are guided from one scene to the next through specific choice or greater scope for free exploration. Important contents and tasks have to be tailored to the app to ensure easy navigability. Navigation ensures content is organized well and easy to find. It contains oft-visited sites, settings, and specific actions. To choose which type of navigation is best suited to the application, identify the target audience for your app, typical paths, and actions that should be performed and identify the roles of the users.…

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Different Economies of Scale

Law of returns to scale examines the input-output relation when all the inputs are changed simultaneously in the same ratio. When a business firm grows in size or increase the scale of operations it can derive production advantages from market and firm size in terms of low average cost of production. Such production advantages due to large scale operations are known as economies of scale. It is present when an increase in output causes long run average cost to fall. The fall in cost of production (average) is because of…

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Important and Various Concepts of Cost

The concept of cost is differently used by different people depending upon the purpose for which they are used. An accountant is always interested in recording the actual cost for determining the business result. An economist is interested in making the use of those cost concepts which help in decision making. Thus, the concepts of cost in each are different. This is briefly explained below. Fixed and variable cost Fixed costs are those costs which remain fixed irrespective of the quantity of output produced by a business firm. Cost of…

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Need for Demand Forecasting

Business managers have to make plans for future levels of production. It is required to make necessary arrangements for the purchase of raw materials, recruiting and training the required skilled labor and for arranging the required funds for production etc. forecasting demand means estimation of future demand. Good forecast of future demand is a necessary pre-condition for proper planning of future level of production. The need for demand forecasting is briefly explained below. It is on the basis of production plans firms make necessary arrangements for the purchase of raw…

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