Point out the Characteristics of Business Generally business is divided into many types. It may be small, middle or large. Again it may be sole proprietorship, partnership, joint stock Company, co-operative,…
Point out the Elements of Business Business may be defined as human activity directed towards producing or acquiring wealth through buying or selling goods for earning profit. Business has some elements…
Origin and Evolution of Business Modern trade and business are originated from the civilization of various stages of human beings. The basic needs of human beings are foods, clothes, medical…
Definition of Business Business means state of being busy or engaged in any work. Any kind of legal activities for the intention to earn profit is called business.…
Types of Industrialization Industrialization is the procedure by which an economy is transformed from mainly agricultural to one based on the manufacturing of goods. Individual physical labor is…
What is Administrative Overhead? Administrative overhead is those costs not involved in the development or production of goods or services. Companies can categorize their expenses into two categories: direct…
What is Audit Working Papers? Audit working papers are used to document the information gathered during an audit. These working papers provide evidence that sufficient information was obtained by an…
Explain Product Diversification Strategy? A product diversification strategy is a form of business development. Small businesses that implement the strategy can diversify their product range by modifying existing products…
What is Product Diversification? Product diversification is the practice of expanding the original market for a product. This strategy is used to increase the sales associated with an existing…
What is SWOT Analysis? SWOT analysis is an acronym for the Strengths, Weaknesses, Opportunities, and Threats associated with a business. This analysis is used to see if there are…