Introduction Emerging enterprise network applications are constantly changing with the advancement in technology. So, in this blog, you will get an understanding of what is an enterprise network, about enterprise networking architecture. Afterwards, there will topic of currently emerging technologies in networking- their meaning and what will be their application in an organization. Later, the … Read more
Introduction to types of disablement Types of disablement in Workmen Compensation Act is ideally a subset of the Workmen Compensation Act,1923 which is the kind of labour law that benefits the company employees in case of a mishappening. Before knowing the types of disablement in the Workmen Compensation Act, we need to understand the concept of … Read more
Pricing Under Monopoly Firms And Level Of Price Discrimination Pricing under monopoly is different from the other market structure due to the single seller in the market, and it leads to many advantages when it comes to pricing. Before, we move to the concept of pricing under monopoly lets understand the meaning of monopoly market … Read more
What is portfolio analysis in strategic management? Portfolio analysis in strategic management involves analyzing every aspect of the product mix to identify and evaluate all products or service groups offered by the company on the market and to prepare detailed strategies for each part of the product mix to improve the growth rate. It can … Read more
Law of returns to scale is one of the most important metrics to consider while running a factory. In order to understand how the change in input makes changes to the output. The Law of returns to scale discusses the change and rate of change in output due to the rate of change in the … Read more
Definition: Cardinal Utility approach was given by neo-classical economists, who said that satisfaction gained after using a certain commodity can be termed as Utility. Also, they assumed that cardinal utility can be measured in quantitative terms (or money), like 1,2,3,4 and so on. Meaning of Cardinal Utility: Consumers can express their satisfaction after consuming goods … Read more
Oligopoly Market Meaning Oligopoly market structure involves only a few competitors in the market and referred to as imperfect competition. In this form of market, products are homogeneous or differentiated and the number of sellers in the market are between two and ten. For instance, the cold drink industry in India selling homogeneous as well … Read more
Circular Flow Of Income And Expenditure: It is a model which explains the flow of income and expenditure in the circular flow that illustrates the different sectors in an economy and reveals the different sources of their incomes and the different expenditures which they have to bear. This model is used in calculating national income, … Read more
Monopoly Meaning In Economics: A monopoly market is where there is only a single seller in the market with no presence of substitutes. There are many reasons for which the firm gains monopoly power, such as: Government license ownership of resources copyright patent high starting cost These factors also become a restriction for new firms … Read more
Introduction of price level accounting Price level Accounting is also termed inflation accounting. It refers to the type of financial accounting that seeks to allow for changes in the currency during the various periods of inflation or recession in the economy. Price level Accounting converts the values using index numbers from depreciated costs to current … Read more
Definition of environment scanning Environmental scanning in strategic management is termed as the utilisation and possession of information regarding patterns, relationships, occasions and trends within a company’s external and internal environment that impact the future and current strategies. An environment should be scanned to determine forecasts and growth of the factors that influence an organisation’s success. … Read more
Introduction Executive development in HRM is one of the forms of training programs which are conducted in an organization. It allows employees to be better leaders and improve their performance. On the other hand, top management can identify future leaders. This form of training includes theoretical and practical knowledge. An executive development program enhances the … Read more