Overtrading means operating a business with insufficient long term capital. It can arise even if trading profitably. It is also called under-capitalization.
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 particular service, delegates the decision making authority to the agent.
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.
A flexible manufacturing system (FMS) is a configuration of computer-controlled, semiindependent workstations where materials are automatically handled and machine loaded.
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 introduced a new Beetle.
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 cooks up sweet, spicy burgers and serves seasoned chicken and spaghetti with sweet...
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.
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.