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The research designs are of the following types: Exploratory research Exploratory research is a type of research conducted for a problem that has not been clearly defined. Exploratory research often relies on secondary research such as reviewing available literature and sometimes on qualitative approaches such as inf... read more

business research methods

June 09, 2017

Research is a thorough, orderly, organized, efficient and logical investigation of an area of knowledge or of a problem. In broader sense, the definition of research includes any gathering of data, information and facts for the development of knowledge. Main components of a research are: 1. Curiosity: Science is ... read more

business research methods

June 08, 2017

The term offer is also called proposal.  It is defined “when one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to such act or abstinence, he is said to make a proposal.” Acceptance is defined as when the person to whom t... read more

business law

June 04, 2017

Generally contract means a promise or agreement made by two or more persons enforceable by law. “An agreement enforceable by law is a contract.”  Hence, agreement and legal enforceability creates an agreement as contract.  “All Agreements are contracts if they are made by the free consent of parties, com... read more

business law

June 04, 2017

Define Contract. “An agreement enforceable by Law is a Contract.” What is implied contract? An agreement which is not made by written or spoken words of parties but it is evidenced from the acts or conduct of the parties or according to prevailing conditions. What is quasi contract?The contract which is not crea... read more

business law

June 04, 2017

The scope of statistics is much extensive.  It can be divided into two parts 1. Statistical Methods:Such as Collection, Classification, Tabulation, Presentation, Analysis, Interpretation and Forecasting. 2. Applied Statistics: It is further divided into three parts: 2.1 Descriptive Applied Statistics: Purpose of this ... read more

business statistics

May 27, 2017

Statistics means numerical presentation of facts.  Its meaning is divided into two forms - in plural form and in singular form.  In plural form, Statistics means a collection of numerical facts or data example price statistics, agricultural statistics, production statistics, etc.  In singular form, the wor... read more

business statistics

May 27, 2017

Objectives of Capital Budgeting   Following are the objectives of capital budgeting;1. Shareholder’s wealth maximization: In tune with objectives of financial management, its aim is selecting those projects that maximize shareholder’s wealth. The decision should avoid over/under investment in fixed asse... read more

financial management

May 27, 2017

Introduction: A firm incurs two types of expenses i.e.  1. Revenue Expenditure:The benefits of which are supposed to be exhausted within the year concerned and their planning and control is done through various functional departments.2. Capital Expenditure:The benefits of which are expected to be received over long ... read more

financial management

May 26, 2017

Classification of the cost of capital are as under: Cost of debt: The cost of debt is computed by taking the rate on a risk free bond whose duration matches the term structure of the corporate debt, then adding a default premium. This default premium will increase as the amount of debt increases (since, all other thi... read more

financial management

May 24, 2017

Introduction:In finance, capital structure states the way a corporation finances its assets through some combination of equity, debt, or hybrid securities. A firm's capital structure is formerly the composition or 'structure' of its liabilities. E.g. a firm that sells Rs.20 billion in equity and Rs.80 billion in debt is... read more

financial management

May 24, 2017

Introduction:Every profit seeking corporations has its own risk return characteristics. Each group of investors in the corporation-bond holders, preferred stock holders, and common stock holders needs a minimum rate of return commensurate with the risks it accepts by investing in the firm. The minimum rate of return that... read more

financial management

May 24, 2017

There are two main sources of financing a project i.e. Own funds and  Loan funds.  The cost of a project depends on the nature of project i.e. a project set up for the first time, expansion project, modernization project, diversification project, take over project joint venture project, merger project etc.   The cor... read more

financial management

May 23, 2017

What is Job Analysis?Job Analysis is the prescribed process of identifying the content of a job in terms activities involved and attributes needed to perform the work and recognizes major job requirements. In other words, it means: The technique for determining the duties and skill requirements of a job and the kind of p... read more

human resource management

May 20, 2017

Analyzing the Corporate Level Strategies:Human Resource Planning would start with analyzing corporate level strategies which include expansion, diversification, mergers, acquisitions, technology to be used, reduction in operations, and method of production etc. Therefore, Human Resource Planning would begin with anal... read more

human resource management

May 20, 2017

Human resource planning according to Leon C Megginson:According to Leon C Megginson human resources planning is an integrated approach to performing the planning aspects of the personnel function to have a sufficient supply of adequately developed and motivated people to perform the duties and tasks required to meet ... read more

human resource management

May 19, 2017

Human resource development (HRD) is an important factor for growth and economic development. It can arise at both the nationwide level and the firm-wide level.  The need and importance of human resource development can be measured from the following points: Growth of organization: Growth of organization is linked ... read more

human resource management

May 19, 2017

The several fundamental concepts are:Selling Concepts:This concept attentions on aggressively promoting & pushing its products, it cannot expect its products to get picked up automatically by the customer. The purpose is essentially to sell more stuff to more people, to make more profits.  E.g. Coca Cola  ... read more

marketing management

May 17, 2017

Marketing strategies might differ depending on the unique condition of the individual business. However, there are numerous ways of categorizing some generic strategies. A brief description of the most common categorizing schemes is presented below: Strategies based on market dominance:In this scheme, companies or firms ... read more

marketing management

May 17, 2017

Marketing strategies help the fundamental underpinning of marketing plans designed and planned to fill market needs and reach marketing aims and objectives. Plans and objectives are usually tested for measurable outcomes. Normally, marketing strategies are developed as multiyear plans, with a strategic plan detailing sp... read more

marketing management

May 17, 2017

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