The practice of businesses offering customized goods or services to each consumer to fulfill their specific needs is known as mass customization. The cost of…
What are Sales Territories and How to Assign one?
What is a Sales Territory? Definition: A Sales territory is a specific geographical area or customer group a company utilizes to distribute sales responsibilities among…
10 Key Differences between Assessment and Evaluation
The English language is full words whose meaning is quite close to each other that people get confused with their usage. Many people make a…
Substitute Goods: Definition, Types and Examples
What are Substitute Goods? Definition: In economics, Substitute goods are products that satisfy the same need or purpose. A substitute good can be either a…
Theory X and theory Y of Management: Meaning, Differences & Application
Theory X and theory y are considered as theories of human motivation at the workplace. This theory was developed by Douglas McGregor in 1950s at…
What is Trade Discount (Definition & Example)? Trade vs Cash discounts
Trade discount is the reduction in the retail price of a product that the manufacturer offers when selling to a reseller, rather than the end…
Barriers To Delegation: Top 10 Barriers to Delegation at a workplace
Amidst our rigorous and tight work schedules, we all need some sort of a breather and space by delegating our work to our peers or…
Point of Contact : Meaning, Types, Example, and Advantages
Point of Contact is the individual representing a business entity or an organization for a particular task and who handles the communication and co ordination….
12 Important Features of Bill of Exchange
A bill of exchange can be defined as a legal document which contains the information about the future payment from the person who is required…
Top 10 Features of a Bank and the Banking System
Banks play an essential role in industrial work and trade. In a country, the development of a country is measured based on how well the…
Top 10 Important Features of a Partnership
A partnership in business can be defined as the mutual participation of two or more partners to conduct business. In partnership, everything such as investment,…
Barriers to Entrepreneurship: Top 12 Barriers to Entrepreneurship
In today’s world, each one us dreams of being an entrepreneur and starting up something that we are passionate about. It’s all about making a…
11 Most Important Features Of eCommerce
Ecommerce businesses are growing at a fast pace. Rather than establishing a physical store, people prefer to set up a business. Let us first learn…
What is Golden Handshake: Examples, Advantages, and Disadvantages
The golden handshake is an agreement between an employer and an employee. It is a clause in the employment contract that offers the executive a…
What is Single Sourcing: Examples, Advantages & Disadvantages
In publishing single sourcing is defined as the usage of one solitary document to create several other documents. The user can use this single paper…
