Benchmarking: Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. It was begun in the late 1970s by Xerox Corporation. That time, Xerox was losing market share and feeling a lot of pressure from its competitors. In an attempt to try and “get back into the game”, Xerox decided to … [Read more...] about Benchmarking Definition and Understanding the Purpose
Three Important Financial Questions Why an increasing working capital is considered as relevant cost for capital expenditure decision? Net working capital, as we know, is the amount by which a firm’s current assets exceed its current liabilities. When a firm acquires new machinery to expand its level of operations, it experiences an increase in levels of cash, accounts … [Read more...] about Three Important Financial Questions
Phrasing Questionnaires. The clear concept regarding Phrasing Questionnaires is very significant in the level of research. Phrasing Questionnaires Now, we are going to discuss the Phrasing Questionnaires in a chronological manner - Phrase-01: Open-Ended Questions. Open-ended questions allow the respondent to ask or probe the respondent further if he/she realizes … [Read more...] about Phrasing Questionnaires
Brand Meaning. Branding has some different meanings that around for centuries as a means to distinguish the goods of one producer from those of another. Elaborately, the word brand derived from the Old word brand, which indicates “to burn”, as brands were and still showing the meaning by which owners of livestock mark their animals for identifying their animals. Firms could not … [Read more...] about Brand Meaning and Types of Brand Designations
Research Proposal: How can we clarify the concept of Research Proposal? If we think that the first job of a researcher is to be a salesperson. Then, the researcher must be able to trace some existence with funds available to let him or her use that money to conduct the research. Of course, to do so successfully, the researcher must convince the funding bodies of a number of … [Read more...] about Research Proposal – Concept and Components
What are the different types of Demand? Demand can be distinguished from need and desire. A beggar may desire to have a car, a poor may need a modem house, but such needs and desires do not constitute any demand. What are the different types of Demand? To be a demand following conditions should be fulfilled. A desire to buy anything, Having the ability to pay, … [Read more...] about What are the different types of Demand?
Difference between Micro and Macro Economics. Economics: Economics is divided into two categories one is macroeconomics and another is microeconomics. Macroeconomics studies aggregate output, employment, and the general price level. Microeconomics studies the economic behavior of individual decision-makers like resource owners, consumers, and business firms. Fig. - Core … [Read more...] about Difference between Micro and Macro Economics
What is Internship Program? The internship is a process to achieve practical knowledge about some theoretical lessons. Basically, internship means having a practical knowledge from a real scenario of work. The purpose of the internship is to gain real knowledge of a particular subject. What is Internship Program? Two Ways for Acquiring Knowledge Theoretical knowledge … [Read more...] about What is Internship Program? – Objective and Importance
What is GSP? The Generalized System of Preferences (GSP) is a form whereby a wide range of industrial and agricultural products originating in certain developing countries is given preferential access to the markets of the European Union and North America. The preferential agreement is given in the form of reduced or zero rates of customs duties. The GSP scheme is specifically … [Read more...] about What is GSP? And Why the US suspends GSP in Bangladesh?
Legal but not Ethical Conducts and Ethical but not Legal Legal but not Ethical Conducts Not Ethical but Legal Not ethical but Legal definition is a major difference. Laws are written and stated and expected to be followed for legal purposes. A code of ethics is unwritten moral rules that differ from person to person and between cultures. Ethical but not Legal and Legal … [Read more...] about Ethical but not Legal and Legal but not Ethical Conducts