A company’s mission statement is focused on its present business scope “Who we are and what we do”. It broadly describes company's capabilities, customer focus, activities, and business make up.
What is an Induction Cooker? Other cookers use a heat transfer mechanism to heat the cookware. In an induction cooker, heat is not transferred to the cookware but heat is generated in the cookware itself using a process...
Overtrading means operating a business with insufficient long term capital. It can arise even if trading profitably. It is also called under-capitalization.
The term first mover refers to the first firm that enters a particular market. The first firm will have a competitive advantage over the subsequent entrants or those firms who follow the first mover. This advantage is...
An agency relationship arises whenever a person or a group of persons hire another person or a group of persons to perform some service on behalf of the former. The Principal, on whose behalf the Agent performs the...
Strategy depends on objectives. The main strategic objective of a profit making organization is to maximize the wealth of the owners.The organization has to balance the needs of stake holders.
Earth is such a beautiful place. Man has made it even more beautiful. See how man's actions mixes with the colorful nature.
It is very important to manage working capital efficiently. This is important from the point of view of both liquidity and profitability. Even the most profitable business can quickly go under if it does not have...
Brands are more than just names and symbols. Brands represent consumers’ perceptions and feelings about a product and its performance. Brands exist in the minds of consumers. A strong brand is a valuable asset to the...
The first Kodak camera was launched in 1888, more than 120 years ago, with the simple slogan “You press the button. We do the rest.” By 2000, Kodak was one of the most recognized and trusted brands in the world.
Job interview offers you an opportunity to gather more information about the organization and at the same time the organization is allowed to gather more information about you. You need to present your best self at the...
A flexible manufacturing system (FMS) is a configuration of computer-controlled, semiindependent workstations where materials are automatically handled and machine loaded.
Numerically controlled (NC) machines are large machine tools programmed to produce small- to medium-sized batches of intricate parts. Industrial robots are versatile, computer-controlled machines programmed to perform...
Materials handling covers the processes of moving, packaging, and storing a product. Moving, handling, and storing materials cost time and money but add no value to the product.
Computer-integrated manufacturing (CIM) is an umbrella term for the total integration of product design and engineering, process planning, and manufacturing by means of complex computer systems.
Financial market allows people to buy and sell financial assets such as financial securities like currencies, stocks and bonds. There are three or four types of financial markets in major financial centres throughout...
In year 1949 the original Volkswagen Beetle came to America.It became the most popular car in American history. Several decades later Volkswagen decided to rekindle the life cycle of this little car and in 1998 they...
Jollibee is not a household name when it comes to the global market. But in the Philippines, it’s the king of the burger market.Jollibee’s menu and flavors are specially suited to Filipino tastes. The local chain...
"Learn how to make a fortune effortlessly while sitting in front of your computer at home." This quote was taken from one of thousands of emails coming daily to our email boxes. Have you done any research about them?...
Casio has announced the release of CASIO EX-G1 shock-resistant, waterproof, dustproof digital camera on 18thNovember 2009. This is the first camera introduced by the company in the new EXILIM® G series.
Will there be anything called a foreign exchange market in this world, If there is only one currency in this world? But in reality, many countries have their own national currencies. Then there should be somewhere to...
Mesothelioma is a type of cancer caused by exposure to asbestos.In Mesothelioma, malignant cells develop in the mesothelium which is a protective lining that covers most of internal organs in our body. The treatment of...
Asbestos is a naturally occurring silicate mineral with long, thin fibrous crystals. The inhalation of asbestos fibers can cause serious illnesses including malignant lung cancer and Mesothelioma.In Mesothelioma,...
Franchising is the practice of using another person's business model. The franchisor allows the independent operator to adopt the company’s entire business format: its name, products, techniques, business methods,...
Both public sector and private sector organizations have objectives and missions. But depending on the type of organization, there are differences between the public and private sectors of a country.
Regulatory bodies are established in countries according to the policy of the government with different types of authorities. Regulatory rules are designed to meet government objectives.
A Search Engine is a web site designed to search for information on the World Wide Web. What happens when someone enters a query into a search engine? The Search Engine then examines its index and displays a list of...
Not-for-profit entities do not expect profits. They are established not for profits but to achieve different objectives of the society. But, can these organizations operate without identifying and satisfying the needs?
Rate of interest is the price of money which is lent or borrowed. It is always expressed as a percentage of the sum lent or borrowed. It is generally calculated on an annual basis.
Inflation means rising prices and it shows the increase in cost of living. In economics, inflation is explained as rise in the general level of prices of goods and services in an economy over a period of time.