About this Book When it comes to economics, it has a number of branches which can help a business to run in a proper way so that it can be successful and gain more revenue and sales. The concept of behavioral economics is basically the process of examining different emotions and thought processes of individuals […]
About this Book The attention strategic planning has attracted in the recent years is the proof that it is evidently used by successful businesses. Executives and managers alike plan their business objectives and the goals in a strategic manner. Various factors such as competitors, market capture, consumer expectations, etc have to be studied in depth […]
About this Book The economic development is one of the most critical aspects which are responsible for the enhancement and recognition of a country at the global level. There are various economic developments that can be attained with the help of proper planning, focused on the development of a country. The economic development is related […]
About this Book The beginning of this economic concept, economies of the scale, can be dated back to Adam Smith who was a Scottish pioneer of political economy and an important key figure during the Scottish Enlightenment Era who first mentioned this concept in his book “Wealth of Nations” in 1776 and was based on […]
About this Book The Outsourcing as we know is the process of involvement of a third-party service provider to carry out the internal functions of the company for rendering maximum profits and sales. The selection of the outsourcing partner should be made wisely by checking onto the past records of work with other clients and […]
About this Book The Pareto principle or the 80/20 ratio rule is a great way by which an individual, as well as a company with thousands of employees, can take the benefit and utilize the 80/20 ratio rule. This rule is all about the 20 percent of the causes or the inputs with the help […]
About this Book The law of the Supply and Demand is a vital concept and part of the economy of the world. This is a concept which is followed by every country and every place in order to make good progress in the product of the goods and services, in the fulfillment of the various […]
About this Book We currently live in a very fast paced environment. It’s become a very competitive corporate world where it’s the products which decide on the fate of the company. New products ideas float around almost everywhere, but not every one of them becomes the next big thing in the market. Even the biggest […]
About this Book Think of any organization to which you belong, there are many which you could tell such as the company which has hired you or some volunteer group or even anon-governmental organization. Many other organizations have a direct or indirect effect on your functioning such as state government or a hospital. Even a […]
About this Book Return on Equity is a term that reflects the net income to every shareholder on the nominal shares holding. It is the most important derivation calculated by dividing net income to the total shareholders. The Net Income is derived after deducting the various expenditures incurred by the company from the gross income […]
About this Book Advertising and marketing are the basics of success in any business. A business’s or a company’s income directly depend on advertising and marketing. They are the essential part of business process. It is the process where the public is made aware of the product that business is selling. Although people mistake them […]
About this Book The organizations from time to time get into agreements and contracts with other organizations and individuals. The knowledge and skill to create and legally form these agreements and contracts are required by them so that they do not get into any complications later. The crash course of business agreement and the contract […]
About this Book Indian economy is positioned as Sixth in terms of the nominal GDP and is considered as the third largest economy in terms of purchasing power parity (PPP). The years, 2015 and 2016 has played a vital role in Indian economic development as during this period Indian World Bank’s expansion and growth was […]
About this Book We live in the world of Technology. Technology is at the edge of its best development than ever before. It is growing at the speed of a python. In this growth many big factors have played an amazing role than any others. IT industry is one of them and almost the heart […]
About this Book Gone are the days when a successful career was based on the amount of money spent on a child’s education. Talent and hard work are the traits required to forge a relatively decent career in any industry. It takes more than just money to survive in the corporate world. Only those truly […]
About this Book Product liability is the charge against the product that is owned by the wholesaler or manufacturer or retailer before selling them to their ultimate customer. The product is the goods that is consumed by the customer and sell by the retailer. The product quality and its type matter to define its liability. […]
About this Book Russia is the wealthiest country in the world in terms of resources. It has the highest volumes of forests, water lakes, 40% of world palladium and 10% of world oil and gas reserves. It is a mixed economy with state acquiring major sectors of the economy. Market reforms of 1999 privatized much […]
About this Book China has shown an incredible pattern of swift development while moving from a centrally planned economy to a market economy. In the present day, China is a country whose majority of population comes under upper middle-class income category. China is a socialist market economy. The socialist market economy is an economic model, […]
About this Book Prior to the establishment of the Federal Reserve System (FRS), the U.S. economy faced frequent panics, bank failures, and credit scarcity due to unstable banking and financial systems prevailing in the market. Additionally, due to the rapid industrialization the decentralized banking system became more unstable. Specifically, the financial and the economy panic […]
About this Book In the field of commerce, the term SCM (supply chain management) is referred to as the effective management of the flow of products as well as services from the manufacturing units to the end customers. This process also involves the storage as well as the movement of the desired raw materials, of […]