Concept of Outsourcing Outsourcing means engaging the services of an external vendor or agency to manage, deliver or
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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
Maslow’s Theory of Motivation
What is Maslow’s Theory of Motivation? Abraham H. Maslow, an eminent american psychologist, developed a general theory of
Objectives of Interview
Meaning of Interview Interview is a process of selection of staff. Interview is a two-way conversation. It helps employers in
Types of Inflation in Economics
Meaning of Inflation It is defined as a sustained increase in the general level of prices for goods
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
Importance of Pricing Strategies in Marketing
What is Pricing Strategies? Pricing strategy is the tactic method which is use by companies to increase sales
Categories of Cash Flow Statement
Meaning of Cash Flow Statement A balance sheet is a snapshot view of the status of a firm’s
Limitations of Ratio Analysis
Meaning of Ratio Analysis Ratio analysis is a very powerful analytical tool for measuring performance of an organization.
Scope of Inventory Management
Meaning of Inventory Management Inventory management is a process of tracking the products. This includes all the inventory