Free On Board or FOB as it is commonly referred to is a trade term that signifies a seller’s commitment to delivering the promised merchandise…
Diffusion of Responsibility: Definition, Characteristics & Factors
Diffusion of responsibility is defined as a psychological phenomenon in a social setting. Sometimes when an individual is in a group, he will hesitate to…
Barriers To Entry: Meaning, Types, Examples
Barriers to entry can be defined as the blockades that a new startup or a company faces entering a market. Barriers can be of different…
Middle Management: Role, Importance, Examples, and Skills
Middle management is defined as the management level that reports to higher managers and manages at least one – two subordinate level of managers. Its…
Functional Organization: Definition, Examples, Features, and Advantages
The functional organization is designed on the typical hierarchy system where position and job requirement of every employee is defined. The organization is also divided…
Sales Broker: Role, Advantages and Disadvantages Explained
A broker can be an individual or a firm which helps in the execution of a transaction between a buyer and a seller. A broker…
Internal Control: Meaning, Types, Components and objectives
Internal control can be defined as the process of accounting, auditing, reviewing the system, methods, and accounts of an organization in order to make sure…
Self Appraisal – 10 Key Steps To Write Performs Review And Explained With Examples
When an organization asks its employees to self evaluate their performances, Self Assessment comes in play. Self-appraisals are mostly part of the annual performance review…
Variable Pricing: Definition, Examples, Model and Advantages
Variable Pricing can be defined as the pricing strategy to optimize Profit by offering different prices for the same product or service vary based on…
Top 18 Performance Appraisal Methods for Best Results
Analyzing the performance of an employee based on various factors is known as Performance Appraisal. This is done to assess the work quality of an…
Environmental Scanning – Importance Of Environmental Scanning
Environmental scanning is a constant and careful analysis of the internal and external environment of an organization in order to detect opportunities, threats, trends, important…
Price Rebate: Definition, Meaning, Examples and Strategies
Definition of Price Rebate Price rebate is defined as a return or partial return of purchase price to the customer by the seller. This returns…
What is Product Line Extension?
The concept of Product Line Extension can be defined as a business strategy where the firm plans to expand its established product brand name with…
What is Quantity Discount? Merits of Quantity Discount
The concept of Quantity Discount can be defined as the incentive offered by the seller to the buyer on the purchase of a large number…
16 Most Expensive Cheese In the World in 2026
Cheese has been mentioned since ancient times as it was considered to be enriched with important nutrients, fats, and proteins. Moreover, people loved its taste…
