Introduction Lease financing is a popular method used by businesses to obtain the use of assets such as machinery, equipment, buildings, or vehicles without owning them. It is a financial arrangement where one party (the lessor) allows another party (the lessee) to use an asset for a specific period in exchange for regular payments. This […]
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Introduction Planning is the first and most important function of management. It involves setting goals, deciding the actions to achieve them, and identifying the resources needed. Planning gives direction to the organisation and helps in using resources efficiently. To make the planning process effective, certain principles should be followed. These principles guide managers to plan
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Introduction Public enterprises are businesses owned and operated by the government. These organisations aim to serve the public interest and contribute to economic development. In India and many other countries, public enterprises play a key role in sectors like energy, transport, finance, and communication. There are different forms of organisation for public enterprises, each with
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Introduction Supply Chain Management (SCM) is a vital part of any business that deals with the movement of goods and services. It covers everything from sourcing raw materials to delivering the final product to the customer. Effective supply chain management helps in improving customer satisfaction, reducing costs, and increasing efficiency. In this answer, we will
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Introduction Pricing is one of the most important elements in marketing and business strategy. It helps a business decide how much to charge for its products or services. There are different ways to set prices. Two major methods are cost-oriented pricing and demand-oriented pricing. Understanding the difference between these two methods helps businesses make better
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Introduction Team building is a crucial aspect of any organisation. It involves bringing individuals together to form a group that works towards a common goal. A strong team increases productivity, builds trust, and creates a positive working environment. In this answer, we will explain five of the most suitable and widely accepted processes of team
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Introduction An organisational system is a structured arrangement of people, processes, and resources that work together to achieve common goals. It is like the backbone of any business or institution. Understanding its components is very important for effective management and smooth functioning. In this answer, we will explain the major components of an organisational system
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Introduction MNCs, or Multinational Corporations, are companies that operate in more than one country. They are usually very large organisations with branches, factories, or offices in multiple countries. MNCs play a major role in the global economy by investing in different parts of the world and creating job opportunities. They bring advanced technology, new products,
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Introduction Technology plays a major role in today’s business world. It has changed the way businesses operate and communicate. One of the most important benefits of technology in business is its ability to reduce costs. With increasing competition and the need to remain profitable, reducing business costs has become essential. Technology helps businesses save money
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Introduction Venture capital is a type of financing that investors provide to startups and small businesses that are believed to have long-term growth potential. This funding is crucial for businesses that do not have access to traditional sources of finance such as bank loans, due to the high risk involved. Venture capital not only provides
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