Distribution centers or warehouses are generally used to store and segregate the incoming raw materials and intended for further processing. The main role of a…
What is Corporate Image and why it is so Important?
A corporate image of a company can be defined as an image that people hold in their mind about the company, its products, and its…
Sales Communication: Different modes, Components and Importance
Sales communication plays an important role in the success of a sales deal. Sales communication keeps the members of the sales team connected, and they…
Qualitative vs. Quantitative Research: What is the Difference?
When diving into a new research project, one of the first decisions you’ll face is the dilemma of- qualitative vs. quantitative research. These two methodologies,…
Social Audit: Definition, Example, Importance, Objectives & Components
A social audit can be defined as a review of a company’s production procedure, policies, and code of conduct to find how they impact society. It…
Sales Credit: Uses, Example, Advantages & Disadvantages of Sales Credit
Sales credit is the extension of payment terms to the customer. In other words, sales, credit is when the sales transaction takes place at the…
What is Mass Customization? Definition, Types, & How It Works
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…
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…
