Business structure is defined as an organizational framework for carrying out commercial activities. It is a legally recognized structure that is characterized by its category….
Capacity Utilization Rate – Definition, Meaning, Importance
Capacity utilization is defined as the extent to which the manufacturing and productive capacities of a country, plant, or business entity are utilized in generating…
Economic Order Quantity: Meaning, Formula, Assumptions, & Advantages
Economic order quantity is also popularly known as EOQ. It is defined as a production scheduling concept as it is used to determine the frequency…
Feasibility Study: Meaning, Understanding, Steps, Examples, and Types
Feasibility Study is defined as the assessment of a project that has been proposed by someone. It is analysis and evaluation of a system and…
Exit Interview: Meaning, Objectives, Tips, Advantages, & Disadvantages
An exit interview is defined as the final formal meeting between the management and employee who is leaving the company, a member and an association…
Golden Parachute: Meaning, Examples, Advantages, and Legality
A golden parachute is defined as a contract between an employer and a top-level executive that offers substantial financial benefits from one to other upon…
Hierarchical Organization : Definition, Types of Structure, Advantages, & Disadvantages
Hierarchical organization is defined as a pyramid-like structure where one individual is in charge of the company with one or more subordinates subsequently under each…
Hostile Takeover: Meaning, Tactics, Disadvantages & Examples
A hostile takeover is defined in simple terms as a process where a business entity is purchased by someone against the wishes of the actual…
Impact Analysis: Meaning, Understanding, Types and Necessity
Impact analysis is defined as a structural approach adopted by the management level to determine the negative impact of change that has happened because of…
What is Internalization: Meaning, Benefits, Limitations, and Examples
Internalization is described as a transaction that is handled by an entity itself without transferring or routing it via an external source. This process applies…
Industry Analysis: Meaning, Types, Benefits, Limitations, and Necessity
Industry analysis is defined as an assessment tool designed to offer business entity a comprehensive idea about the complex nature of a specific industry. It…
Path-Goal Theory: Meaning, Style, Consideration, and Characteristics
The path-goal theory is defined as a leadership theory that specifies the behavior and style of a leader best suited to fit the work environment…
Management Control: Meaning, Types, & Features of Management Control
Management control is defined as a process that helps to achieve organizational goals. The teams or an individual within a business entity is forced to…
Management Control System: Objectives, Functions and Advantages
The management control system is also referred to as MCS and is defined as an informal as well as a formal framework that an organization…
The List of 13 Retail Promotions to Attract Customers
It is easy to conceive a dream to have your own business. You can’t sit and wait for customers to walk in your store after…
