Sales Audit: Steps, Advantages and Disadvantages
Meaning of Sales Audit Sales Audit is simply an audit of entire sales process of organization ranging from use of …
Business Studies
Components and Example of Total Cost
Meaning of Total Cost Total cost refers to the cost incurred in the final production of a particular product or …
Determinants of Internal Environment
Meaning of Internal Environment Internal environment is an environment that symbolizes the atmosphere existing with the business organization. In simple …
Types and Importance of Advertising
Meaning of Advertising Advertisement is defined as a paid form of communication done by a company with customers for promoting …
Features of Globalization
Meaning of Globalization Globalization is a process whereby goods and services are sold without any barrier around the globe. It …
Verbal and Non-Verbal Communication: Meaning and Types
Meaning of Verbal and Non-Verbal Communication Verbal and non-verbal are two important modes of communication process which enable people in …
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Reasons for the Product Failure in Market
Every marketer takes different measures for wide promotion and higher acceptability of their products among public. Despite all these efforts, …
Advantages and Disadvantages of Management by Objectives
Meaning of Management by Objectives Management by objectives (MBO) is a strategic approach of management focused on improving the performance …
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Product Adoption Process
Meaning of Product Adoption Process Product adoption process refer to process of customers getting aware of new product, understanding it …
Advantages and Disadvantages of Privatization
Meaning of Privatization Privatization refers to the process of transition where publicly-owned business, operation or property becomes owned by private …