Making payment is a day-to-day activity of every business. One party is required to make payment to another party to use its services and goods….
Who is Media Buyer? Role of Media Buyer Explained
A media buyer is a person who places and negotiates the price of all the ads on different media. This media can be television, print,…
What is Bilateral Contract? Elements, Enforcement and Examples
A bilateral contract is a type of legally binding agreement between two parties. The contract can be either oral or written. It differs from a…
Job Analysis: Meaning, Objectives, Steps involved, and Advantages
Job analysis is defined as a process that garners and later analyzes the collected data and information about the context and requirements of a job….
Prioritization: Meaning, Planning, Importance, Cons, and Examples
Prioritization is defined as activities where you list the items you want to do on their level of value. It means that you can now…
Business Process Reengineering: Importance, History, and Examples
Business Process Reengineering (BPR) can be defined as a process of analyzing and redesigning the entire business process of an organization in order to improve…
Process Control: Meaning, Objectives, Types, Importance, and Advantages
Process control is defined as an activity that ensures a process is steady, predictable, and constantly operating at the set level of performance with the…
Profit Center: Meaning & How to Measure the Performance of Profit Center
A profit center is defined as an integral part of a business entity that makes identifiable contributions towards the organization’s coffers. It is a separate…
Profiteering: Meaning, Types, Examples, and Why is Profiteering wrong?
Profiteering is defined as an activity that helps to generate an unreasonable amount of profit through sales of essential products during times of emergency. The…
Quality Circle: Meaning, Features, Objectives, Structure, and Techniques
Quality circle is a participant management method in which a team of employees works towards solving and defining a problem that is related to the…
Job Evaluation: Meaning, Objectives, Features, Methods, and Limitations
Job evaluation is an approach to determine the worth of one specific job about other positions in a company and even across an industry. The…
Reference Check: Meaning, Purpose, Precautions, and Disadvantages
A reference check is defined as a process that an employer adopts to gather information about someone he is interested in recruiting. He takes help…
Performance Appraisal Process: Meaning, Types, and Objectives
The performance appraisal process is defined as a process under which periodic assessment is undertaken to evaluate the performance of an employee. The input by…
Structured Interview: Meaning, Types, Questions, Process and Advantages
A structured interview is defined as a standard interview that has been researched in advance and includes a set of same questions and that too…
Servicescape: Meaning, Examples, Elements, Approach, and Roles
Servicescape is defined as the physical environment where a service can take place. It helps to analyze and identify the impact of a good environment…
