Outsourcing – Importance, Types and Nature
Concept of Outsourcing Outsourcing means engaging the services of an external vendor or agency to manage, deliver or operate certain …
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Functions and Characteristics of Entrepreneurs
Meaning of Entrepreneurs the term ‘entrepreneur’ has been defined in various ways-a risk taker, a resource assembler, an organisation builder, …
Maslow’s Theory of Motivation
What is Maslow’s Theory of Motivation? Abraham H. Maslow, an eminent american psychologist, developed a general theory of motivation, known …
Objectives of Interview
Meaning of Interview Interview is a process of selection of staff. Interview is a two-way conversation. It helps employers in selection of …
Types of Inflation in Economics
Meaning of Inflation It is defined as a sustained increase in the general level of prices for goods and services. …
What is Business? Definition, Nature, Types, and Objective
Meaning of Business The term business is derived from the word ‘busy’. Business is defined as the production or purchase …
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Importance of Pricing Strategies in Marketing
What is Pricing Strategies? Pricing strategy is the tactic method which is use by companies to increase sales and maximize …
Categories of Cash Flow Statement
Meaning of Cash Flow Statement A balance sheet is a snapshot view of the status of a firm’s funds at …
Limitations of Ratio Analysis
Meaning of Ratio Analysis Ratio analysis is a very powerful analytical tool for measuring performance of an organization. The ratio …
Scope of Inventory Management
Meaning of Inventory Management Inventory management is a process of tracking the products. This includes all the inventory management until …