Management

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

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

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

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

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

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

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

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

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

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

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

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

Definition: The corporation is a business structure that is separate from its owners. In the eyes of the law, the corporation is a separate legal … Read more

EAM and ERP are sophisticated resource management systems. As the business world is highly dynamic and requires active monitoring of the business processes to survive … Read more

Inventory management is crucial for the successful run of a business as it helps to control the cost and enhance profitability. Further, efficient management of … Read more