Franchising vs. licensing
Licensing and franchising are sometimes confused to be the same. But they are different, in simple words licensing typically deals with the businesses of products … Read more
Management
Horizontal integration vs. vertical integration
Horizontal integration is when a business acquires/merges with another business operating at the same level in a value chain. Generally, such integration aims to grow … Read more
Corporate Governance
Definition of corporate governance Corporate governance refers to a system of governance. It aims to monitor and control strategic aspects of the board activities, decision … Read more
Dealing with a bad manager: (5 tips for handling a bad boss)
Dealing with a bad manager can be a serious mental hazard. All the time, your boss prefers his favorite subordinate who also exceeds the deadline … Read more
Bookkeeper and accountant (what is the difference)
People often put off their business idea because bookkeeping and accounting scare them. We understand it can be tough and technical to do tax and … Read more
What is target costing?
Definition Target costing is a systematic way to set product price. It considers the current market price and desired profit to set production cost. It … Read more
Company Infrastructure
Definition Company infrastructure refers to the structure of services, facilities, and procedures/policies used by a business. In fact, the foundation of business is based on … Read more
What is Feedback Control?
Definition Feedback control is a control system that relies on feedback for analyzing the discrepancy between actual and desired performance so that improvements can be … Read more
Is Human Resource Management a Good Career path?
In this era, choosing a right field for study can be a tough thing. Many people will advise you to follow your passion. The problem … Read more
What is a Corporation?
Businesses operate in different forms including sole proprietorship, partnership, LLC, and corporation. A corporation is the highest form of business organization that involves the greatest … Read more
Advantages and disadvantages of corporation
Definition of corporation The corporation is a separate legal entity. It is considered a legal person who can hire employees, sue, be sued, pay taxes, … Read more
What does Equal Opportunity Employer mean?
Discrimination witnessed by the employee in HR practices can generate many negative outcomes for the employee as well as for the company. To overcome this … Read more
What is a bonded warehouse?
Definition A bonded warehouse is licensed warehouse in the country where imported goods/products can be stored without paying import duties and taxes. It’s important to … Read more
The role of Compensation and benefits in Employees Motivation
What is Compensation and Benefits? Compensation, sometimes referred to as remuneration, is a frequently used term in HR to refer the monetary rewards given to … Read more
Bank signature card – details and importance
Bank signature card plays important role identification and authorization of banking activities. Frauds and gambles, crimes, and criminals are quite common in every industry since … Read more
Qualities of Good HR Manager
If you are opting for a career in the growing field of HR, then conquering the following skills would get you to speed up your … Read more
What’s the ordering cost?
Inventory ordering cost is a cost that is incurred when an entity places an order to acquire inventory from suppliers. This cost doesn’t only include … Read more
What is the cost element? (Features of product costing)
Definition Cost element refers to the cost incurred on the purchase of resources; these resources are used to run the business’s production. The concept of … Read more
Service level agreement – (SLA)
Service level agreement is the level of service agreed between the vendor and the buyer. The agreement includes matrices for the performance measurement and the … Read more
5 Types Of Due Diligence Services
Definition: Due diligence is the systematic and structured analysis of investment decisions to mitigate the risk. It’s performed with strategic, operational, and financial perspectives to … Read more