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Strategies.
WHAT IS FORMAL COMMUNICATION? DEFINITION AND MEANING The Formal Communication is the exchange of an official information that flows along the different levels of the organizational hierarchy and conforms to the prescribed professional rules, policy, standards, processes and regulations of the organization. WHAT IS COMMUNICATION PROCESS? DEFINITION AND MEANING Definition: The Communication is a two-way process wherein the message in the form of ideas, thoughts, feelings, opinions is transmitted between two or more persons with the intent of creating a shared understanding. Simply, an act of conveying intended information and understanding from one person to another is called as communication. WHAT IS E-GOVERNANCE? DEFINITION, BENEFITS AND TYPES Definition: E-governance, expands to electronic governance, is the integration of Information and Communication Technology (ICT) in all the processes, with the aim of enhancing government ability to address the needs of the general public. The basic purpose of e-governance is to simplify processes for all, i.e. government, citizens, businesses, etc. at National, State and local levels. WHAT IS TARGET-RETURN PRICING? DEFINITION AND MEANING Target-Return Pricing. Definition: The Target-Return Pricing is a method wherein the firm determines the price on the basis of a target rate of return on the investment i.e. what the firm expects from the investments made in the venture. Here, the firm calculates the amount invested in the business activities and then determine the return they WHAT ARE THE BASES OF MARKET SEGMENTATION? DEFINITION AND Bases of Market Segmentation. The firms can segment the market on the following bases: Geographical Segmentation: Here, the segmentation is done on the basis of the geographical location of the customers. The geographical segmentation is based on the premise that people living in one area have different purchasing or buying habits than those living in other areas of the country. WHAT IS NET DEMAND AND TIME LIABILITIES? DEFINITION AND Definition: The Net Demand and Time Liabilities or NDTL shows the difference between the sum of demand and time liabilities (deposits) of a bank (with the public or the other bank) and the deposits in the form of assets held by the other bank. In other words, the net demand and time liabilities of a bank can be calculated by using thefollowing
WHAT IS POLYCENTRIC APPROACH? DEFINITION AND MEANING Polycentric Approach. Definition: The Polycentric Approach is the international recruitment method wherein the HR recruits the personnel for the international businesses. In Polycentric Approach, the nationals of the host country are recruited for the managerial positions to carry out the operations of the subsidiary company. WHAT IS OFF-THE-JOB TRAINING? DEFINITION AND MEANING Definition: The Off-the-Job Training is the training method wherein the workers/employees learn their job roles away from the actual work floor. Simply, off-the-job training comprises of a place specifically allotted for the training purpose that may be near to the actual workplace, where the workers are required to learn the skills and get WHAT ARE THE BENEFITS OF HUMAN RESOURCE PLANNING? BUSINESS There are several benefits of Human Resource Planning that results in the expansion of this process across the enterprises. The objective of Human Resource Planning is to make the organization reach the desire manpower position from the current manpower position, by forecasting the demand for and supply of human resources in the near future. WHAT ARE GRAND STRATEGIES? DEFINITION AND MEANING The Grand strategies are the corporate level strategies designed to identify the firm’s choice with respect to the direction it follows to accomplish its set objectives. Simply, it involves the decision of choosing the long term plans from the set of available alternatives. The Grand Strategies are also called as Master Strategies or CorporateStrategies.
WHAT IS FORMAL COMMUNICATION? DEFINITION AND MEANING The Formal Communication is the exchange of an official information that flows along the different levels of the organizational hierarchy and conforms to the prescribed professional rules, policy, standards, processes and regulations of the organization. WHAT IS COMMUNICATION PROCESS? DEFINITION AND MEANING Definition: The Communication is a two-way process wherein the message in the form of ideas, thoughts, feelings, opinions is transmitted between two or more persons with the intent of creating a shared understanding. Simply, an act of conveying intended information and understanding from one person to another is called as communication. WHAT IS E-GOVERNANCE? DEFINITION, BENEFITS AND TYPES Definition: E-governance, expands to electronic governance, is the integration of Information and Communication Technology (ICT) in all the processes, with the aim of enhancing government ability to address the needs of the general public. The basic purpose of e-governance is to simplify processes for all, i.e. government, citizens, businesses, etc. at National, State and local levels. WHAT IS TARGET-RETURN PRICING? DEFINITION AND MEANING Target-Return Pricing. Definition: The Target-Return Pricing is a method wherein the firm determines the price on the basis of a target rate of return on the investment i.e. what the firm expects from the investments made in the venture. Here, the firm calculates the amount invested in the business activities and then determine the return they WHAT ARE THE BASES OF MARKET SEGMENTATION? DEFINITION AND Bases of Market Segmentation. The firms can segment the market on the following bases: Geographical Segmentation: Here, the segmentation is done on the basis of the geographical location of the customers. The geographical segmentation is based on the premise that people living in one area have different purchasing or buying habits than those living in other areas of the country. WHAT IS NET DEMAND AND TIME LIABILITIES? DEFINITION AND Definition: The Net Demand and Time Liabilities or NDTL shows the difference between the sum of demand and time liabilities (deposits) of a bank (with the public or the other bank) and the deposits in the form of assets held by the other bank. In other words, the net demand and time liabilities of a bank can be calculated by using thefollowing
WHAT IS POLYCENTRIC APPROACH? DEFINITION AND MEANING Polycentric Approach. Definition: The Polycentric Approach is the international recruitment method wherein the HR recruits the personnel for the international businesses. In Polycentric Approach, the nationals of the host country are recruited for the managerial positions to carry out the operations of the subsidiary company. WHAT IS OFF-THE-JOB TRAINING? DEFINITION AND MEANING Definition: The Off-the-Job Training is the training method wherein the workers/employees learn their job roles away from the actual work floor. Simply, off-the-job training comprises of a place specifically allotted for the training purpose that may be near to the actual workplace, where the workers are required to learn the skills and get WHAT ARE THE BENEFITS OF HUMAN RESOURCE PLANNING? BUSINESS There are several benefits of Human Resource Planning that results in the expansion of this process across the enterprises. The objective of Human Resource Planning is to make the organization reach the desire manpower position from the current manpower position, by forecasting the demand for and supply of human resources in the near future. WHAT IS E-BANKING? DEFINITION, SERVICES AND BENEFITS It is a product offered by banks which facilitates online banking, with the help of which the customer can have access to the bank account in just one click.. E-banking covers facilities such as – fund transfer, checking account statements, utility bill payments, opening of bank account, locating nearest ATM, obtain information on financial products and services, applying for loans, etc WHAT IS MARKETING COMMUNICATION? DEFINITION AND MEANING The Marketing Communication refers to the means adopted by the companies to convey messages about the products and the brands they sell, either directly or indirectly to the customers with the intention to persuade them to purchase. In other words, the different mediums the company adopts to exchange the information about their goods and services to the customers is termed as Marketing WHAT IS SUPERVISION? DEFINITION, CHARACTERISTICS It is a conjunction of two words – ‘super‘ and ‘vision‘ which refers to over and above and to see or view.In a nutshell, supervision means overseeing the activities of the employees. Characteristics of Supervision. The characteristics of supervision are discussed below: Element of Directing: Supervision is one of the four important elements of directing. WHAT IS LICENSING? DEFINITION, REASONS, BENEFITS AND Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i.e. manufacturing process, brand name, copyright, trademark, patent, technology, trade secret, etc. for adequate consideration and under specified conditions. WHAT IS REGIOCENTRIC APPROACH? DEFINITION AND MEANING The Regiocentric Approach is an international recruitment method wherein the managers are selected from different countries lying within the geographic region of business. In other words, the managers are selected from within the region of the world that closely resembles the host country. WHAT IS E-GOVERNANCE? DEFINITION, BENEFITS AND TYPES Definition: E-governance, expands to electronic governance, is the integration of Information and Communication Technology (ICT) in all the processes, with the aim of enhancing government ability to address the needs of the general public. The basic purpose of e-governance is to simplify processes for all, i.e. government, citizens, businesses, etc. at National, State and local levels. WHAT IS INTERNAL ENVIRONMENT? DEFINITION AND FACTORS It encompasses the climate, culture, machines/equipment, work and work processes, members, management and management practices. In other words, the internal environment refers to the culture, members, events and factors within an organization that has the ability to influence the decisions of the organization, especially the behaviour of itshuman resource.
WHAT IS POLYCENTRIC APPROACH? DEFINITION AND MEANING In Polycentric Approach, the nationals of the host country are recruited at the managerial positions to carry out the operations of the subsidiary company. The rationale behind this approach is that, the locals of the host country know their culture better and can run the business more efficiently as compared to their foreigncounterparts.
WHAT IS EMERSON PLAN? DEFINITION AND MEANING In Emerson Plan, the worker is paid only the time rate for the efficiency up to 67%. At 100% efficiency, the worker is paid time wages, plus a bonus of 20% on the wages earned. The worker is paid one percent additional bonus for each additional one percent efficiency added after the standard. The Emerson plan can be understood through an example given below: WHAT ARE THE BENEFITS OF HUMAN RESOURCE PLANNING? BUSINESS There are several benefits of Human Resource Planning that results in the expansion of this process across the enterprises. The objective of Human Resource Planning is to make the organization reach the desire manpower position from the current manpower position, by forecasting the demand for and supply of human resources in the near future.BUSINESS JARGONS
Gig Economy. Definition: Gig Economy is a group of the market that connects service providers to consumers on a gig, i.e. per job/task basis. It implies a labour market wherein numerous individuals are employed on a part-time basis or where freelance work persists, instead of conventional full-time work. Even organizations look forindependent
WHAT IS E-BANKING? DEFINITION, SERVICES AND BENEFITS It is a product offered by banks which facilitates online banking, with the help of which the customer can have access to the bank account in just one click.. E-banking covers facilities such as – fund transfer, checking account statements, utility bill payments, opening of bank account, locating nearest ATM, obtain information on financial products and services, applying for loans, etc WHAT ARE GRAND STRATEGIES? DEFINITION AND MEANING The Grand strategies are the corporate level strategies designed to identify the firm’s choice with respect to the direction it follows to accomplish its set objectives. Simply, it involves the decision of choosing the long term plans from the set of available alternatives. The Grand Strategies are also called as Master Strategies or CorporateStrategies.
WHAT IS LICENSING? DEFINITION, REASONS, BENEFITS AND Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i.e. manufacturing process, brand name, copyright, trademark, patent, technology, trade secret, etc. for adequate consideration and under specified conditions. WHAT IS REGIOCENTRIC APPROACH? DEFINITION AND MEANING The Regiocentric Approach is an international recruitment method wherein the managers are selected from different countries lying within the geographic region of business. In other words, the managers are selected from within the region of the world that closely resembles the host country. WHAT IS PLEDGE? DEFINITION, CHARACTERISTICS, EXAMPLE AND Pledge. Definition: Pledge can be defined as that special form of bailment in which goods are bailed as security by one party to another, for the repayment of debt or performance of a promise. The party who deposits the goods is the bailor, called as pawnor, whereas the party who takes the possession of the goods or the one to whom thegoods
WHAT IS SUPERVISION? DEFINITION, CHARACTERISTICS It is a conjunction of two words – ‘super‘ and ‘vision‘ which refers to over and above and to see or view.In a nutshell, supervision means overseeing the activities of the employees. Characteristics of Supervision. The characteristics of supervision are discussed below: Element of Directing: Supervision is one of the four important elements of directing. WHAT IS NET DEMAND AND TIME LIABILITIES? DEFINITION AND Definition: The Net Demand and Time Liabilities or NDTL shows the difference between the sum of demand and time liabilities (deposits) of a bank (with the public or the other bank) and the deposits in the form of assets held by the other bank. In other words, the net demand and time liabilities of a bank can be calculated by using thefollowing
WHAT IS INDUSTRIAL RELATIONS? DEFINITION AND MEANING Industrial Relations. Definition: The Industrial Relations or IR encompasses the relationship between the management and workmen and the role of a regulatory body to resolve any industrial dispute. As the name implies, Industry Relations comprises of two words, Industry, and Relations. Where industry covers the production activity in whichthe
WHAT IS EMERSON PLAN? DEFINITION AND MEANING Emerson Plan. Definition: Under Emerson Plan, the standard time for the completion of a task is fixed against which the actual performance of the workers is measured. The worker’s efficiency can be determined by dividing the time taken by the standard time. In Emerson Plan, the worker is paid only the time rate for the efficiency up to67%.
BUSINESS JARGONS
Gig Economy. Definition: Gig Economy is a group of the market that connects service providers to consumers on a gig, i.e. per job/task basis. It implies a labour market wherein numerous individuals are employed on a part-time basis or where freelance work persists, instead of conventional full-time work. Even organizations look forindependent
WHAT IS E-BANKING? DEFINITION, SERVICES AND BENEFITS It is a product offered by banks which facilitates online banking, with the help of which the customer can have access to the bank account in just one click.. E-banking covers facilities such as – fund transfer, checking account statements, utility bill payments, opening of bank account, locating nearest ATM, obtain information on financial products and services, applying for loans, etc WHAT ARE GRAND STRATEGIES? DEFINITION AND MEANING The Grand strategies are the corporate level strategies designed to identify the firm’s choice with respect to the direction it follows to accomplish its set objectives. Simply, it involves the decision of choosing the long term plans from the set of available alternatives. The Grand Strategies are also called as Master Strategies or CorporateStrategies.
WHAT IS LICENSING? DEFINITION, REASONS, BENEFITS AND Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i.e. manufacturing process, brand name, copyright, trademark, patent, technology, trade secret, etc. for adequate consideration and under specified conditions. WHAT IS REGIOCENTRIC APPROACH? DEFINITION AND MEANING The Regiocentric Approach is an international recruitment method wherein the managers are selected from different countries lying within the geographic region of business. In other words, the managers are selected from within the region of the world that closely resembles the host country. WHAT IS PLEDGE? DEFINITION, CHARACTERISTICS, EXAMPLE AND Pledge. Definition: Pledge can be defined as that special form of bailment in which goods are bailed as security by one party to another, for the repayment of debt or performance of a promise. The party who deposits the goods is the bailor, called as pawnor, whereas the party who takes the possession of the goods or the one to whom thegoods
WHAT IS SUPERVISION? DEFINITION, CHARACTERISTICS It is a conjunction of two words – ‘super‘ and ‘vision‘ which refers to over and above and to see or view.In a nutshell, supervision means overseeing the activities of the employees. Characteristics of Supervision. The characteristics of supervision are discussed below: Element of Directing: Supervision is one of the four important elements of directing. WHAT IS NET DEMAND AND TIME LIABILITIES? DEFINITION AND Definition: The Net Demand and Time Liabilities or NDTL shows the difference between the sum of demand and time liabilities (deposits) of a bank (with the public or the other bank) and the deposits in the form of assets held by the other bank. In other words, the net demand and time liabilities of a bank can be calculated by using thefollowing
WHAT IS INDUSTRIAL RELATIONS? DEFINITION AND MEANING Industrial Relations. Definition: The Industrial Relations or IR encompasses the relationship between the management and workmen and the role of a regulatory body to resolve any industrial dispute. As the name implies, Industry Relations comprises of two words, Industry, and Relations. Where industry covers the production activity in whichthe
WHAT IS EMERSON PLAN? DEFINITION AND MEANING Emerson Plan. Definition: Under Emerson Plan, the standard time for the completion of a task is fixed against which the actual performance of the workers is measured. The worker’s efficiency can be determined by dividing the time taken by the standard time. In Emerson Plan, the worker is paid only the time rate for the efficiency up to67%.
BUSINESS JARGONS
Definition: When a person makes a representation on the belief that the statement is true, amounts to innocent misrepresentation. It is a positive declaration made by one party, while entering into the contract which is not actually true, but the parties hold that it is true, as regards a material fact which can influence the decision of another party to the contract, is a WHAT IS CONTINGENT LIABILITY? DEFINITION, TREATMENT TYPES Definition: Contingent Liability refers to an anticipated financial obligation that springs from events that happened in the past and whose existence is validated by the happening or non-happening of the uncertain future event, which is not under the control of theenterprise.
WHAT IS LICENSING? DEFINITION, REASONS, BENEFITS AND Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i.e. manufacturing process, brand name, copyright, trademark, patent, technology, trade secret, etc. for adequate consideration and under specified conditions. WHAT IS TREASURY MANAGEMENT? DEFINITION AND FUNCTIONS It covers working capital management, currency management, corporate finance and financial risk management. Simply put, treasury management is the management of all financial affairs of the business such as raising funds for the business from various sources, currency management, cash flows and various strategies and procedures ofcorporate finance.
WHAT IS DIGITAL ECONOMY? DEFINITION, ESSENTIALS AND Definition: In simple words, the digital economy, is an economy which operates predominantly with the help of digital technology.It implies the global network of economic activities, processes, transactions and interactions among, people, businesses, devices, etc. which is supported by Information and Communication Technology (ICT). WHAT ARE THE THEORIES OF LEADERSHIP? DEFINITION AND Status Quo or balance: Moderate and equal importance and attention are given to work as well as employee welfare. Sound: A high level of concern is shown towards both, the output as well as the employees, it is the most effective style of leadership. Contingency Theory: Contingency theories of leadership state that effective leadership WHAT IS INDUSTRIAL RELATIONS? DEFINITION AND MEANING Industrial Relations. Definition: The Industrial Relations or IR encompasses the relationship between the management and workmen and the role of a regulatory body to resolve any industrial dispute. As the name implies, Industry Relations comprises of two words, Industry, and Relations. Where industry covers the production activity in whichthe
WHAT IS TARGET-RETURN PRICING? DEFINITION AND MEANING Target-Return Pricing. Definition: The Target-Return Pricing is a method wherein the firm determines the price on the basis of a target rate of return on the investment i.e. what the firm expects from the investments made in the venture. Here, the firm calculates the amount invested in the business activities and then determine the return they WHAT IS INTERNAL ENVIRONMENT? DEFINITION AND FACTORS It encompasses the climate, culture, machines/equipment, work and work processes, members, management and management practices. In other words, the internal environment refers to the culture, members, events and factors within an organization that has the ability to influence the decisions of the organization, especially the behaviour of itshuman resource.
WHAT IS CARDINAL APPROACH TO CONSUMER EQUILIBRIUM Definition: The Cardinal approach to Consumer Equilibrium posits that the consumer reaches his equilibrium when he derives the maximum satisfaction for given resources (money) and other conditions. A consumer is said to be highly satisfied when he allocates his expenditure in such a way that the last unit of money spent on each commodity yields the same level of utility.BUSINESS JARGONS
Gig Economy. Definition: Gig Economy is a group of the market that connects service providers to consumers on a gig, i.e. per job/task basis. It implies a labour market wherein numerous individuals are employed on a part-time basis or where freelance work persists, instead of conventional full-time work. Even organizations look forindependent
WHAT IS E-BANKING? DEFINITION, SERVICES AND BENEFITS It is a product offered by banks which facilitates online banking, with the help of which the customer can have access to the bank account in just one click.. E-banking covers facilities such as – fund transfer, checking account statements, utility bill payments, opening of bank account, locating nearest ATM, obtain information on financial products and services, applying for loans, etc WHAT ARE GRAND STRATEGIES? DEFINITION AND MEANING The Grand strategies are the corporate level strategies designed to identify the firm’s choice with respect to the direction it follows to accomplish its set objectives. Simply, it involves the decision of choosing the long term plans from the set of available alternatives. The Grand Strategies are also called as Master Strategies or CorporateStrategies.
WHAT IS REGIOCENTRIC APPROACH? DEFINITION AND MEANING The Regiocentric Approach is an international recruitment method wherein the managers are selected from different countries lying within the geographic region of business. In other words, the managers are selected from within the region of the world that closely resembles the host country. WHAT IS LICENSING? DEFINITION, REASONS, BENEFITS AND Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i.e. manufacturing process, brand name, copyright, trademark, patent, technology, trade secret, etc. for adequate consideration and under specified conditions. WHAT IS SUPERVISION? DEFINITION, CHARACTERISTICS It is a conjunction of two words – ‘super‘ and ‘vision‘ which refers to over and above and to see or view.In a nutshell, supervision means overseeing the activities of the employees. Characteristics of Supervision. The characteristics of supervision are discussed below: Element of Directing: Supervision is one of the four important elements of directing. WHAT IS INTERNAL ENVIRONMENT? DEFINITION AND FACTORS Internal Environment. Definition: Internal environment is a component of the business environment, which is composed of various elements present inside the organization, that can affect or can be affected with, the choices, activities and decisions of the organization. It encompasses the climate, culture, machines/equipment, work and work WHAT IS NET DEMAND AND TIME LIABILITIES? DEFINITION AND Definition: The Net Demand and Time Liabilities or NDTL shows the difference between the sum of demand and time liabilities (deposits) of a bank (with the public or the other bank) and the deposits in the form of assets held by the other bank. In other words, the net demand and time liabilities of a bank can be calculated by using thefollowing
WHAT IS TREASURY MANAGEMENT? DEFINITION AND FUNCTIONS It covers working capital management, currency management, corporate finance and financial risk management. Simply put, treasury management is the management of all financial affairs of the business such as raising funds for the business from various sources, currency management, cash flows and various strategies and procedures ofcorporate finance.
WHAT IS EMERSON PLAN? DEFINITION AND MEANING Emerson Plan. Definition: Under Emerson Plan, the standard time for the completion of a task is fixed against which the actual performance of the workers is measured. The worker’s efficiency can be determined by dividing the time taken by the standard time. In Emerson Plan, the worker is paid only the time rate for the efficiency up to67%.
BUSINESS JARGONS
Gig Economy. Definition: Gig Economy is a group of the market that connects service providers to consumers on a gig, i.e. per job/task basis. It implies a labour market wherein numerous individuals are employed on a part-time basis or where freelance work persists, instead of conventional full-time work. Even organizations look forindependent
WHAT IS E-BANKING? DEFINITION, SERVICES AND BENEFITS It is a product offered by banks which facilitates online banking, with the help of which the customer can have access to the bank account in just one click.. E-banking covers facilities such as – fund transfer, checking account statements, utility bill payments, opening of bank account, locating nearest ATM, obtain information on financial products and services, applying for loans, etc WHAT ARE GRAND STRATEGIES? DEFINITION AND MEANING The Grand strategies are the corporate level strategies designed to identify the firm’s choice with respect to the direction it follows to accomplish its set objectives. Simply, it involves the decision of choosing the long term plans from the set of available alternatives. The Grand Strategies are also called as Master Strategies or CorporateStrategies.
WHAT IS REGIOCENTRIC APPROACH? DEFINITION AND MEANING The Regiocentric Approach is an international recruitment method wherein the managers are selected from different countries lying within the geographic region of business. In other words, the managers are selected from within the region of the world that closely resembles the host country. WHAT IS LICENSING? DEFINITION, REASONS, BENEFITS AND Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i.e. manufacturing process, brand name, copyright, trademark, patent, technology, trade secret, etc. for adequate consideration and under specified conditions. WHAT IS SUPERVISION? DEFINITION, CHARACTERISTICS It is a conjunction of two words – ‘super‘ and ‘vision‘ which refers to over and above and to see or view.In a nutshell, supervision means overseeing the activities of the employees. Characteristics of Supervision. The characteristics of supervision are discussed below: Element of Directing: Supervision is one of the four important elements of directing. WHAT IS INTERNAL ENVIRONMENT? DEFINITION AND FACTORS Internal Environment. Definition: Internal environment is a component of the business environment, which is composed of various elements present inside the organization, that can affect or can be affected with, the choices, activities and decisions of the organization. It encompasses the climate, culture, machines/equipment, work and work WHAT IS NET DEMAND AND TIME LIABILITIES? DEFINITION AND Definition: The Net Demand and Time Liabilities or NDTL shows the difference between the sum of demand and time liabilities (deposits) of a bank (with the public or the other bank) and the deposits in the form of assets held by the other bank. In other words, the net demand and time liabilities of a bank can be calculated by using thefollowing
WHAT IS TREASURY MANAGEMENT? DEFINITION AND FUNCTIONS It covers working capital management, currency management, corporate finance and financial risk management. Simply put, treasury management is the management of all financial affairs of the business such as raising funds for the business from various sources, currency management, cash flows and various strategies and procedures ofcorporate finance.
WHAT IS EMERSON PLAN? DEFINITION AND MEANING Emerson Plan. Definition: Under Emerson Plan, the standard time for the completion of a task is fixed against which the actual performance of the workers is measured. The worker’s efficiency can be determined by dividing the time taken by the standard time. In Emerson Plan, the worker is paid only the time rate for the efficiency up to67%.
WHAT IS TREASURY MANAGEMENT? DEFINITION AND FUNCTIONS It covers working capital management, currency management, corporate finance and financial risk management. Simply put, treasury management is the management of all financial affairs of the business such as raising funds for the business from various sources, currency management, cash flows and various strategies and procedures ofcorporate finance.
WHAT IS LICENSING? DEFINITION, REASONS, BENEFITS AND Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i.e. manufacturing process, brand name, copyright, trademark, patent, technology, trade secret, etc. for adequate consideration and under specified conditions. WHAT IS SMALL SCALE INDUSTRY (SSI)? DEFINITION Definition: Small Scale Industry (SSI) refers to an industrial undertaking whose investment in fixed assets, i.e. plant and machinery, is not less than ₹ 1 crore, be it is owned, leased, or hire purchased.Nevertheless, considering the needs of small-scale industries which are dependent on export promotion and modernization, the maximum investment in fixed asset is ₹ 5 crores. WHAT ARE THE THEORIES OF LEADERSHIP? DEFINITION AND Status Quo or balance: Moderate and equal importance and attention are given to work as well as employee welfare. Sound: A high level of concern is shown towards both, the output as well as the employees, it is the most effective style of leadership. Contingency Theory: Contingency theories of leadership state that effective leadership WHAT IS EMERSON PLAN? DEFINITION AND MEANING In Emerson Plan, the worker is paid only the time rate for the efficiency up to 67%. At 100% efficiency, the worker is paid time wages, plus a bonus of 20% on the wages earned. The worker is paid one percent additional bonus for each additional one percent efficiency added after the standard. The Emerson plan can be understood through an example given below: WHAT IS INDUSTRIAL RELATIONS? DEFINITION AND MEANING Industrial Relations. Definition: The Industrial Relations or IR encompasses the relationship between the management and workmen and the role of a regulatory body to resolve any industrial dispute. As the name implies, Industry Relations comprises of two words, Industry, and Relations. Where industry covers the production activity in whichthe
WHAT ARE THE TRADITIONAL METHODS OF PERFORMANCE APPRAISAL In this article, you will learn the different traditional methods of performance appraisal that are applied by the management to assess the employee's job performance. The Performance Appraisal is a periodic evaluation or the assessment of the employee’s job performance against the pre established standards such as quality and quantity of output, job knowledge, versatility, supervision WHAT IS BAROMETRIC METHOD OF FORECASTING? DEFINITION AND Definition: The Barometric Method of Forecasting was developed to forecast the trend in the overall economic activities. This method can nevertheless be used in forecasting the demand prospects, not necessarily the actual quantity expected to be demanded. Often, the barometric method of forecasting is used by the meteorologists inweather
WHAT ARE THE ALTERNATIVES TO RECRUITMENT? DEFINITION AND Alternatives to Recruitment. Definition: The Alternatives to Recruitment are the temporary ways of hiring people for the job position with a view to saving cost incurred in recruiting process and meet the short-term demand for increased work volume. The recruitment is the costly process which includes the salaries of recruiters, costincurred
WHAT IS ENCIRCLEMENT ATTACK? DEFINITION AND MEANING The Encirclement Attack is a war strategy adopted by the challenger firm intended to attack the competitor on all the major fronts. Under this strategy, the challenging firm considers both the strengths and weaknesses of the opponent and then launch the attack simultaneously.BUSINESS JARGONS
Gig Economy. Definition: Gig Economy is a group of the market that connects service providers to consumers on a gig, i.e. per job/task basis. It implies a labour market wherein numerous individuals are employed on a part-time basis or where freelance work persists, instead of conventional full-time work. Even organizations look forindependent
WHAT ARE GRAND STRATEGIES? DEFINITION AND MEANING The Grand strategies are the corporate level strategies designed to identify the firm’s choice with respect to the direction it follows to accomplish its set objectives. Simply, it involves the decision of choosing the long term plans from the set of available alternatives. The Grand Strategies are also called as Master Strategies or CorporateStrategies.
WHAT IS SUPERVISION? DEFINITION, CHARACTERISTICS It is a conjunction of two words – ‘super‘ and ‘vision‘ which refers to over and above and to see or view.In a nutshell, supervision means overseeing the activities of the employees. Characteristics of Supervision. The characteristics of supervision are discussed below: Element of Directing: Supervision is one of the four important elements of directing. WHAT IS REGIOCENTRIC APPROACH? DEFINITION AND MEANING The Regiocentric Approach is an international recruitment method wherein the managers are selected from different countries lying within the geographic region of business. In other words, the managers are selected from within the region of the world that closely resembles the host country. WHAT IS INTERNAL ENVIRONMENT? DEFINITION AND FACTORS Internal Environment. Definition: Internal environment is a component of the business environment, which is composed of various elements present inside the organization, that can affect or can be affected with, the choices, activities and decisions of the organization. It encompasses the climate, culture, machines/equipment, work and work WHAT IS PLEDGE? DEFINITION, CHARACTERISTICS, EXAMPLE AND Pledge. Definition: Pledge can be defined as that special form of bailment in which goods are bailed as security by one party to another, for the repayment of debt or performance of a promise. The party who deposits the goods is the bailor, called as pawnor, whereas the party who takes the possession of the goods or the one to whom thegoods
WHAT IS TREASURY MANAGEMENT? DEFINITION AND FUNCTIONS It covers working capital management, currency management, corporate finance and financial risk management. Simply put, treasury management is the management of all financial affairs of the business such as raising funds for the business from various sources, currency management, cash flows and various strategies and procedures ofcorporate finance.
WHAT IS EMERSON PLAN? DEFINITION AND MEANING Emerson Plan. Definition: Under Emerson Plan, the standard time for the completion of a task is fixed against which the actual performance of the workers is measured. The worker’s efficiency can be determined by dividing the time taken by the standard time. In Emerson Plan, the worker is paid only the time rate for the efficiency up to67%.
WHAT IS NET DEMAND AND TIME LIABILITIES? DEFINITION AND Definition: The Net Demand and Time Liabilities or NDTL shows the difference between the sum of demand and time liabilities (deposits) of a bank (with the public or the other bank) and the deposits in the form of assets held by the other bank. In other words, the net demand and time liabilities of a bank can be calculated by using thefollowing
WHAT ARE THE BENEFITS OF HUMAN RESOURCE PLANNING? BUSINESS There are several benefits of Human Resource Planning that results in the expansion of this process across the enterprises. The objective of Human Resource Planning is to make the organization reach the desire manpower position from the current manpower position, by forecasting the demand for and supply of human resources in the near future.BUSINESS JARGONS
Gig Economy. Definition: Gig Economy is a group of the market that connects service providers to consumers on a gig, i.e. per job/task basis. It implies a labour market wherein numerous individuals are employed on a part-time basis or where freelance work persists, instead of conventional full-time work. Even organizations look forindependent
WHAT ARE GRAND STRATEGIES? DEFINITION AND MEANING The Grand strategies are the corporate level strategies designed to identify the firm’s choice with respect to the direction it follows to accomplish its set objectives. Simply, it involves the decision of choosing the long term plans from the set of available alternatives. The Grand Strategies are also called as Master Strategies or CorporateStrategies.
WHAT IS SUPERVISION? DEFINITION, CHARACTERISTICS It is a conjunction of two words – ‘super‘ and ‘vision‘ which refers to over and above and to see or view.In a nutshell, supervision means overseeing the activities of the employees. Characteristics of Supervision. The characteristics of supervision are discussed below: Element of Directing: Supervision is one of the four important elements of directing. WHAT IS REGIOCENTRIC APPROACH? DEFINITION AND MEANING The Regiocentric Approach is an international recruitment method wherein the managers are selected from different countries lying within the geographic region of business. In other words, the managers are selected from within the region of the world that closely resembles the host country. WHAT IS INTERNAL ENVIRONMENT? DEFINITION AND FACTORS Internal Environment. Definition: Internal environment is a component of the business environment, which is composed of various elements present inside the organization, that can affect or can be affected with, the choices, activities and decisions of the organization. It encompasses the climate, culture, machines/equipment, work and work WHAT IS PLEDGE? DEFINITION, CHARACTERISTICS, EXAMPLE AND Pledge. Definition: Pledge can be defined as that special form of bailment in which goods are bailed as security by one party to another, for the repayment of debt or performance of a promise. The party who deposits the goods is the bailor, called as pawnor, whereas the party who takes the possession of the goods or the one to whom thegoods
WHAT IS TREASURY MANAGEMENT? DEFINITION AND FUNCTIONS It covers working capital management, currency management, corporate finance and financial risk management. Simply put, treasury management is the management of all financial affairs of the business such as raising funds for the business from various sources, currency management, cash flows and various strategies and procedures ofcorporate finance.
WHAT IS EMERSON PLAN? DEFINITION AND MEANING Emerson Plan. Definition: Under Emerson Plan, the standard time for the completion of a task is fixed against which the actual performance of the workers is measured. The worker’s efficiency can be determined by dividing the time taken by the standard time. In Emerson Plan, the worker is paid only the time rate for the efficiency up to67%.
WHAT IS NET DEMAND AND TIME LIABILITIES? DEFINITION AND Definition: The Net Demand and Time Liabilities or NDTL shows the difference between the sum of demand and time liabilities (deposits) of a bank (with the public or the other bank) and the deposits in the form of assets held by the other bank. In other words, the net demand and time liabilities of a bank can be calculated by using thefollowing
WHAT ARE THE BENEFITS OF HUMAN RESOURCE PLANNING? BUSINESS There are several benefits of Human Resource Planning that results in the expansion of this process across the enterprises. The objective of Human Resource Planning is to make the organization reach the desire manpower position from the current manpower position, by forecasting the demand for and supply of human resources in the near future. WHAT IS E-BANKING? DEFINITION, SERVICES AND BENEFITS It is a product offered by banks which facilitates online banking, with the help of which the customer can have access to the bank account in just one click.. E-banking covers facilities such as – fund transfer, checking account statements, utility bill payments, opening of bank account, locating nearest ATM, obtain information on financial products and services, applying for loans, etc WHAT IS TREASURY MANAGEMENT? DEFINITION AND FUNCTIONS It covers working capital management, currency management, corporate finance and financial risk management. Simply put, treasury management is the management of all financial affairs of the business such as raising funds for the business from various sources, currency management, cash flows and various strategies and procedures ofcorporate finance.
WHAT IS LICENSING? DEFINITION, REASONS, BENEFITS AND Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i.e. manufacturing process, brand name, copyright, trademark, patent, technology, trade secret, etc. for adequate consideration and under specified conditions. WHAT IS SMALL SCALE INDUSTRY (SSI)? DEFINITION Definition: Small Scale Industry (SSI) refers to an industrial undertaking whose investment in fixed assets, i.e. plant and machinery, is not less than ₹ 1 crore, be it is owned, leased, or hire purchased.Nevertheless, considering the needs of small-scale industries which are dependent on export promotion and modernization, the maximum investment in fixed asset is ₹ 5 crores. WHAT ARE BONDS? DEFINITION, FEATURES AND TYPES Bonds can be defined as the negotiable instrument, issued in relation to borrowing arrangement, that indicates indebtedness. It is an unsecured debt instrument, in which the bond investor extends credit to the issuer, which in turn commits to repay the loan amount on specified maturity date, along with the interest throughout the lifeof the bond.
WHAT IS PLANNING? DEFINITION, CHARACTERISTICS, STEPS AND Planning is nothing but thinking before the action takes place.It helps us to take a peep into the future and decide in advance the way to deal with the situations, which we are going to encounter in future. It involves logical thinking and rational decision making. Characteristics of Planning. Managerial function: Planning is a first and foremost managerial function provides the base for WHAT IS BAROMETRIC METHOD OF FORECASTING? DEFINITION AND Definition: The Barometric Method of Forecasting was developed to forecast the trend in the overall economic activities. This method can nevertheless be used in forecasting the demand prospects, not necessarily the actual quantity expected to be demanded. Often, the barometric method of forecasting is used by the meteorologists inweather
WHAT IS INDUSTRIAL RELATIONS? DEFINITION AND MEANING Industrial Relations. Definition: The Industrial Relations or IR encompasses the relationship between the management and workmen and the role of a regulatory body to resolve any industrial dispute. As the name implies, Industry Relations comprises of two words, Industry, and Relations. Where industry covers the production activity in whichthe
WHAT ARE THE ALTERNATIVES TO RECRUITMENT? DEFINITION AND Alternatives to Recruitment. Definition: The Alternatives to Recruitment are the temporary ways of hiring people for the job position with a view to saving cost incurred in recruiting process and meet the short-term demand for increased work volume. The recruitment is the costly process which includes the salaries of recruiters, costincurred
WHAT IS ENCIRCLEMENT ATTACK? DEFINITION AND MEANING The Encirclement Attack is a war strategy adopted by the challenger firm intended to attack the competitor on all the major fronts. Under this strategy, the challenging firm considers both the strengths and weaknesses of the opponent and then launch the attack simultaneously. WHAT IS E-BANKING? DEFINITION, SERVICES AND BENEFITS It is a product offered by banks which facilitates online banking, with the help of which the customer can have access to the bank account in just one click.. E-banking covers facilities such as – fund transfer, checking account statements, utility bill payments, opening of bank account, locating nearest ATM, obtain information on financial products and services, applying for loans, etc WHAT IS LICENSING? DEFINITION, REASONS, BENEFITS AND Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i.e. manufacturing process, brand name, copyright, trademark, patent, technology, trade secret, etc. for adequate consideration and under specified conditions. WHAT IS MARKETING COMMUNICATION? DEFINITION AND MEANING The Marketing Communication refers to the means adopted by the companies to convey messages about the products and the brands they sell, either directly or indirectly to the customers with the intention to persuade them to purchase. In other words, the different mediums the company adopts to exchange the information about their goods and services to the customers is termed as Marketing WHAT IS ORGANIZING? DEFINITION, CHARACTERISTICS, PROCESS Definition: Organizing is the second key management function, after planning, which coordinates human efforts, arranges resources and incorporates the two in such a way which helps in the achievement of objectives.It involves deciding the ways and means with which the plans can be implemented. WHAT IS TREASURY MANAGEMENT? DEFINITION AND FUNCTIONS It covers working capital management, currency management, corporate finance and financial risk management. Simply put, treasury management is the management of all financial affairs of the business such as raising funds for the business from various sources, currency management, cash flows and various strategies and procedures ofcorporate finance.
WHAT IS INTERNAL ENVIRONMENT? DEFINITION AND FACTORS Internal Environment. Definition: Internal environment is a component of the business environment, which is composed of various elements present inside the organization, that can affect or can be affected with, the choices, activities and decisions of the organization. It encompasses the climate, culture, machines/equipment, work and work WHAT IS MACRO ENVIRONMENT? DEFINITION AND ELEMENTSSEE MORE ONBUSINESSJARGONS.COM
WHAT IS MICRO ENVIRONMENT? DEFINITION AND ELEMENTSSEE MORE ONBUSINESSJARGONS.COM
WHAT IS CONTRACT? DEFINITION, ELEMENTS AND TYPES Definition: The term contract is defined as an agreement between two or more parties which has a binding nature, in essence, the agreement with legal enforceability is said to be a contract. It creates and defines the duties and obligations of the parties involved. WHAT ARE THE TYPES OF COLLECTIVE BARGAINING? BUSINESS JARGONS There are four types of Collective Bargaining classified on the basis of their nature and the objectives, and can be practiced depending on the different situation requirements. The Collective Bargaining is the process wherein the unions (representatives of employees or workers) and the employer (or their representative) meet to discuss on the issues related to wage, the number of working WHAT IS E-BANKING? DEFINITION, SERVICES AND BENEFITS It is a product offered by banks which facilitates online banking, with the help of which the customer can have access to the bank account in just one click.. E-banking covers facilities such as – fund transfer, checking account statements, utility bill payments, opening of bank account, locating nearest ATM, obtain information on financial products and services, applying for loans, etc WHAT IS LICENSING? DEFINITION, REASONS, BENEFITS AND Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i.e. manufacturing process, brand name, copyright, trademark, patent, technology, trade secret, etc. for adequate consideration and under specified conditions. WHAT IS MARKETING COMMUNICATION? DEFINITION AND MEANING The Marketing Communication refers to the means adopted by the companies to convey messages about the products and the brands they sell, either directly or indirectly to the customers with the intention to persuade them to purchase. In other words, the different mediums the company adopts to exchange the information about their goods and services to the customers is termed as Marketing WHAT IS ORGANIZING? DEFINITION, CHARACTERISTICS, PROCESS Definition: Organizing is the second key management function, after planning, which coordinates human efforts, arranges resources and incorporates the two in such a way which helps in the achievement of objectives.It involves deciding the ways and means with which the plans can be implemented. WHAT IS TREASURY MANAGEMENT? DEFINITION AND FUNCTIONS It covers working capital management, currency management, corporate finance and financial risk management. Simply put, treasury management is the management of all financial affairs of the business such as raising funds for the business from various sources, currency management, cash flows and various strategies and procedures ofcorporate finance.
WHAT IS INTERNAL ENVIRONMENT? DEFINITION AND FACTORS Internal Environment. Definition: Internal environment is a component of the business environment, which is composed of various elements present inside the organization, that can affect or can be affected with, the choices, activities and decisions of the organization. It encompasses the climate, culture, machines/equipment, work and work WHAT IS MACRO ENVIRONMENT? DEFINITION AND ELEMENTSSEE MORE ONBUSINESSJARGONS.COM
WHAT IS MICRO ENVIRONMENT? DEFINITION AND ELEMENTSSEE MORE ONBUSINESSJARGONS.COM
WHAT IS CONTRACT? DEFINITION, ELEMENTS AND TYPES Definition: The term contract is defined as an agreement between two or more parties which has a binding nature, in essence, the agreement with legal enforceability is said to be a contract. It creates and defines the duties and obligations of the parties involved. WHAT ARE THE TYPES OF COLLECTIVE BARGAINING? BUSINESS JARGONS There are four types of Collective Bargaining classified on the basis of their nature and the objectives, and can be practiced depending on the different situation requirements. The Collective Bargaining is the process wherein the unions (representatives of employees or workers) and the employer (or their representative) meet to discuss on the issues related to wage, the number of working WHAT IS E-BANKING? DEFINITION, SERVICES AND BENEFITS It is a product offered by banks which facilitates online banking, with the help of which the customer can have access to the bank account in just one click.. E-banking covers facilities such as – fund transfer, checking account statements, utility bill payments, opening of bank account, locating nearest ATM, obtain information on financial products and services, applying for loans, etc WHAT IS MARKETING COMMUNICATION? DEFINITION AND MEANING The Marketing Communication refers to the means adopted by the companies to convey messages about the products and the brands they sell, either directly or indirectly to the customers with the intention to persuade them to purchase. In other words, the different mediums the company adopts to exchange the information about their goods and services to the customers is termed as Marketing WHAT IS SUPERVISION? DEFINITION, CHARACTERISTICS It is a conjunction of two words – ‘super‘ and ‘vision‘ which refers to over and above and to see or view.In a nutshell, supervision means overseeing the activities of the employees. Characteristics of Supervision. The characteristics of supervision are discussed below: Element of Directing: Supervision is one of the four important elements of directing. WHAT ARE GRAND STRATEGIES? DEFINITION AND MEANING The Grand strategies are the corporate level strategies designed to identify the firm’s choice with respect to the direction it follows to accomplish its set objectives. Simply, it involves the decision of choosing the long term plans from the set of available alternatives. The Grand Strategies are also called as Master Strategies or CorporateStrategies.
WHAT IS ONLINE MARKETING? DEFINITION AND ONLINE MARKETING Online marketing is also known as digital marketing or search engine marketing (SEM). It is a method that uses the internet to promote or transmit a message about a company’s product and services to the potential buyers or target audience. WHAT IS ORGANIZATIONAL THEORY? DEFINITION AND MEANING Organizational Theory. Definition: The Organizational Theory refers to the set of interrelated concepts, definitions that explain the behavior of individuals or groups or subgroups, who interacts with each other to perform the activities intended towards the accomplishment of a common goal. In other words, the organizationaltheory studies the
WHAT IS CONTRACT? DEFINITION, ELEMENTS AND TYPES Definition: The term contract is defined as an agreement between two or more parties which has a binding nature, in essence, the agreement with legal enforceability is said to be a contract. It creates and defines the duties and obligations of the parties involved. WHAT ARE THE TYPES OF COLLECTIVE BARGAINING? BUSINESS JARGONS There are four types of Collective Bargaining classified on the basis of their nature and the objectives, and can be practiced depending on the different situation requirements. The Collective Bargaining is the process wherein the unions (representatives of employees or workers) and the employer (or their representative) meet to discuss on the issues related to wage, the number of working WHAT IS TREND PROJECTION METHOD? DEFINITION AND MEANING Trend Projection Method. Definition: The Trend Projection Method is the most classical method of business forecasting, which is concerned with the movement of variables through time. This method requires a long time-series data. The trend projection method is based on the assumption that the factors liable for the past trends in thevariables
WHAT IS EMERSON PLAN? DEFINITION AND MEANING Emerson Plan. Definition: Under Emerson Plan, the standard time for the completion of a task is fixed against which the actual performance of the workers is measured. The worker’s efficiency can be determined by dividing the time taken by the standard time. In Emerson Plan, the worker is paid only the time rate for the efficiency up to67%.
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BUSINESS JARGONS
A Business Encyclopedia NEGOTIABLE INSTRUMENT Definition: Negotiable Instrument implies a financial document used for fund transfer from one person to another. Basically, it is an instrument that bears the signature of the maker, promising payment of a specified sum to the person whose name is written on it, or the assignee, either on-demand or on a future specified date. Further, the negotiable instrument creates a … about NegotiableInstrument
CONCILIATION
Definition: Conciliation is a process in which the third party persuades the parties in dispute to amicably settle the claims. It is one of the effective and private methods of dispute resolution, in which the conflicting parties take the help of a conciliator voluntarily, who discuss the matter with them, with an aim of settlement of the dispute without going to the …about Conciliation
MISREPRESENTATION
Definition: When a person makes a representation on the belief that the statement is true, amounts to innocent misrepresentation. It is a positive declaration made by one party, while entering into the contract which is not actually true, but the parties hold that it is true, as regards a material fact which can influence the decision of another party to the contract, is a … aboutMisrepresentation
COMMODITY MARKET
Definition: Commodity Market implies the place where products, either produced or grown are being traded between investors. It brings together all the participants to determine the price, at which the commodity can be traded across the market. To determine the price of the commodity in a commodity market auction mechanism is used wherein sellers ask for a certain price, … about CommodityMarket
NON-PROFIT ORGANIZATION Definition: Non-Profit Organization, as the name signifies a type of organization that does not operate with the purpose of making a profit, rather, it works for a social cause. NPOs are legally and voluntarily registered entities, run by a group of people with a service motive, so as to promote the general welfare of the public. The money earned in the form of revenues or … about Non-Profit OrganizationINDEX NUMBER
Definition: Index Number is a statistical tool that gauges the changes in the degree of a variable or group of related variables over a specified period of time, or over two different situations. Index numbers are applicable to the values of economic time series. It reflects the general relative change that is primarily used by economists to present economic data time series …about Index Number
GIG ECONOMY
Definition: Gig Economy is a group of the market that connects service providers to consumers on a gig, i.e. per job/task basis. It implies a labour market wherein numerous individuals are employed on a part-time basis or where freelance work persists, instead of conventional full-time work. Even organizations look for independent contractors, on-call workers and freelancers to … about GigEconomy
STATISTICS
Definition: Statistics can be defined as a part of applied mathematics that is concerned with the collection, classification, interpretation, analysis or the numerical and categorical data and facts, and drawing conclusions, so as to present the same in a systematic manner. It involves a wide variety of methods which facilitates data analysis, for decision making … about StatisticsMARKET FAILURE
Definition: When there is an inefficient allocation of goods and services in a free market, such a situation is termed a market failure. It arises when the market fails to efficiently create and distribute scarce resources. Here the term 'efficiently' means the way in which the highest social welfare can be achieved. In a free market, the demand and supply forces, determine … aboutMarket Failure
MONEY
Definition: Money refers to an economic measure that acts as a commonly accepted exchange medium, to pay for goods and services, repay debts, and settle various transactions. Further, those exchanges which are carried out without the mediation of money are called as a barter exchange. In finer terms, money is a man-made creation, which is introduced with an aim of overcoming … about MoneyNext Page »
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