What is Business Process
Business processes Business processes refer to the set of logically related tasks and behaviors that organizations develop over time to produce speci…
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What is Delegation? Definition of Delegation
What is Delegation Delegation is a concept describing the downward transfer of formal authority from one person to another. Definition of Delegation …
What is Authority? Definition of Authority
Authority is a manager’s tool that can be described as the right to commit resources (that is, to make decisions that commit the organization’s reso…
What is the Informal Organization?
What is an Informal Organization? The informal organization is a network of personal and social relationships that arises spontaneously as people ass…
What are the Factors of Production? Elements of Factors of Production.
The resources used to produce goods and services are the factors of production. The elements of factors of production are land, labor, capital, and e…
What is Value Chain? Value Chain Analysis
The value chain is the sequence of business functions in which customer usefulness is added to products or services. 1. Research and developm…
What is Financial Accounting? Definition of Financial Accounting
Accounting Accounting is the process of recording transactions and events that occur over time. It includes the preparation of financial statements,…
What is Management Accounting? Definition of Management Accounting
Management accounting measures analyzes and reports financial and non-financial information that helps managers make decisions to fulfill the goal…
What is sole proprietorship? Definition of sole proprietorship
A sole proprietorship is a business where there will be only one owner of the business and he will be responsible for both- profit as well loss. Agai…
How to deal with conflict
As soon as you manage the conflict, it is better for you. Because a lot of things may occur in the conflict. So you have to know the process of how…
What is conflict? Definition of conflict
Conflict is a disagreement between two or more parties. Sometimes one small conflict may cause big violence. It may affect your personality or the g…
Differences between goal and objective
Generally we do not feel any difference between goal and objective. Sometimes we use one of them instead of another one. But these two ideas are not …
What is International Business? Definition of International Business
What is International Business? International business is a business where transactions are done all over the world. These transactions of internatio…
What is Accounting? Definition of accounting
What is Accounting? Accounting is the process by which one can record all financial transactions to get the account of loss and profit at the end of …
What is Management? Definition of Management
What is Management? Management is the process by which a manager plans, organizes, controls, monitors, and evaluates to achieve the organizational go…
Types of Tourism
Definition of Tourism When the people go to an attraction, enjoy the attraction, get accommodated, and spend money on the spot, and this spot must be…