Labor Rates vs. Labor Costs December 26, 2023 | BUSINESS MANAGEMENT, FUNCTIONS OF HR MANAGEMENT and HUMAN RESOURCES Labor rates and labor costs are not the same thing. What is the difference between them then in a typical business organization?
Problems with Classifying Costs December 30, 2021 | BUSINESS MANAGEMENT, COSTS AND REVENUES and FINANCE Classifying costs is an important job for business managers, especially Production and Marketing managers who make product-related decisions.