PRODUCTION

5:05 AM Roma

There are many types of businesses. But one generally correlates it with the primary profit-generating activity of production.By production, we generally mean the act or process of making goods or services that has some economic value to the consumers or other producers. The production process is carried by employing various factors of production. Human labour and capital or machinery form the most basic of these factors of production.However, in order that the production process runs smoothly and efficiently, there is a need for planning, implementation, and control of industrial production processes. Production management techniques are used...


INVESTMENT

4:44 AM Roma

In the setting up of any firm or business, investment is one of the pre-requisites. In layman’s terms, investment is putting money into something with the hope of profit. More specifically, investment is the commitment of money or capital to the purchase of financial instruments or other assets so as to gain profitable returns in the form of interest or income.In the setting up of any firm or business, a certain minimum amount of capital (both monetary and physical) is required to initiate the process. Even after the business has been set up, investment is still required to negate the effects of depreciation and to add to the capital stock. In...


STRATEGIC SOURCING

6:02 AM Roma

Strategic sourcing is a process that determines the business' needs and plans for acquiring the necessary raw materials and services for the business. It continuously improves and re-evaluates the purchasing activities of a company. Strategic sourcing techniques are also applied to non traditional area such as services or capital.It can have a profound impact on a company’s a and can strongly influence the purchasing and procurement processes.The steps in a strategic sourcing process are:• Assessment of a company's current spend (what is bought where?)• Assessment of the supply market (who offers what?)• Total cost analysis (how much...


MARKETING

8:14 PM Roma

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BUSINESS

10:24 PM Roma

In simple terms, business implies any commercial activity engaged in as a means of livelihood or profit, or on entity which in such activities. In economic business is the social science of managing people to organize and maintain collective productivity towards accomplishing particular creative and productive goals, usually to generate revenue. The term " business " has at least three usage.It might be used to refer to a particular company or corporation.It might also be used in a generalized sense as in referring to a particular market sector, such as 'The computer business' or the 'garments business' .Further it might be used in a collective...


Advertising

10:36 PM Roma

Advertising is a strong mediun to promote business.It is a form of communication intended to persuade an audience (viewers, readers or listeners) to purchase or take some action upon products, ideas, or services. It includes the name of a product or service and how that product or service could benefit the consumer, to persuade a target market to purchase or to consume that particular brand. These messages are usually paid for by sponsors and viewed via various media. Advertising can also serve to communicate an idea to a large number of people in an attempt to convince them to take a certain action.Commercial advertisers often seek to...


Business Plans

10:02 PM Roma

When we thinking of starting a business we should put a plan .Writing a plan is not a difficult task and the process we have put together will help both we and our business get off to the best start possible with confidence.We need a good plan to run the business.If we never written a business plan before the whole process can feel daunting when it comes to financial projections and marketing.That's why we have developed a range of ready made business plans that already have all the required sections already completed so all we need do is customize the plan for your own business.In 2001 Turmeric Business Plans have sold over 43,000 plans in the...


Types of Business

10:46 PM Roma

There are many types of business.A business also known as company, enterprise or firm is a legally recognized organization designed to provide goods, services or both to consumes or tertiary business in exchange money.The business are predominant in capitalist economies, in which most business are privately owned and typically formed to earn profit that will increase the wealth and typically formed to earn profit that will increase the wealth of its owner. The main objectives of business is the receip or generation of a financial return in exchange for work and acceptance of risk. Business can also be formed not for profit or be state owned.There...


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