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…
Barriers to Effective Listening: Top 5 Barriers to Effective Listening
There are various skill sets required at a workplace to conduct and complete all the tasks and responsibilities efficiently and effectively. And one of them…
Safety Stock: Definition, Examples, Disadvantages and How to Calculate it?
Safety stock is defined as the extra stock that is preserved by a business entity to minimize the risk of a shortfall in their existing…
10 Common Barriers To Critical Thinking
Critical Thinking is not only required by an individual in the streams of academics and the business world but also in life as well. It…
Business Risk: Definition, Types, Importance and How to Minimize it
In simple terms, business risks can be understood as the risks, threats, uncertainties associated with a business that may hamper in accomplishing the financial goals….
Price Lining: Examples, Advantages and Disadvantages
Price Lining is a retail marketing technique where Products and services of the same category are grouped in the different price range based on their…
Backward Integration: Meaning, Importance and Examples
Have you heard about backward integration? Confused how such a term plays a key role in managing and optimizing a business? Then let me define…
What is Product Development Process? Definition, Examples & Steps
The product development process is the inclusion of all the steps used for taking a product from the concept development stage to making it available…
