The term “angel investor” was originally used to describe the investors who invested in Broadway shows, but nowadays this term is used to refer to all investors who invest their money in all
Conflict of Interest: Meaning, Causes and examples
A conflict of interest is a condition in which a person gas competing for loyalties or interests. It includes an individual who has two relationships which are against each other when it comes
Market Penetration: Techniques, Advantages and Disadvantages
Market penetration can be defined as the strategies or methods that are adopted by an organization or proposed in order to create or penetrate an existing market and establish a stable bottom in
What is Distribution Center: Role, Advantages, and Disadvantages
The distribution center is defined as a specialized place in a building or a warehouse which is stocked with the goods or products that are to be distributed to the resellers or the
What is Corporate Image and why it is so Important?
A corporate image of a company can be defined as an image that people hold in their mind about the company, its products, and its services. The corporate image of a company is
Sales Communication: Different modes, Components and Importance
Sales communication plays an important role in the success of a sales deal. Sales communication keeps the members of the sales team connected, and they can share information and keep themselves up-to-date. Sales
Key Differences between Qualitative Research and Quantitative Research
Research and development (R&D) is an important department of every organization in the fields such as marketing, science and technology, biology, economics, business, psychology, medicine, and sociology, etc. Research is important to make
Social Audit: Definition, Examples, Importance, Objectives & Components
A social audit can be defined as a review of a company’s production procedure, policies, and code of conduct to find how they impact society. It is conducted out of social responsibility by an
Sales Credit: Uses, Example, Advantages & Disadvantages of Sales Credit
Sales credit is the extension of payment terms to the customer. In other words, sales, credit is when the sales transaction takes place at the current date, but the payment can be made
Mass Customization: Definition, Types, Advantages and Disadvantages
Mass customization can be defined as the ability of a company to deliver modified goods and products to fulfil the needs of individual customers. The customized products are provided at the same price
What is Sales Territory? 6 Reasons Sales Territory is Important
A sales territory can be defined as a geographical area of a particular group of the customer, which is allocated for individuals Salesperson or together for a sales territory. Let us look at
Total Cost of Ownership: Meaning and Key Components
The total cost of ownership can be defined as total direct and indirect costs (such as operating costs, acquisition costs, and personnel costs, etc.) associated with the product over the entire lifetime of
10 Key Differences between Assessment and Evaluation
The English language is full words whose meaning is quite close to each other that people get confused with their usage. Many people make a mistake with the usage of words like award
8 Key Differences between Direct Costs and Indirect Costs
One most significant challenge a businessman come across when he starts a business is the challenge of managing expenses. In addition to significant expenses such as production expenses and raw material expenses, there
Substitute Goods: Types, Examples and Role of Substitute Goods
The substitute goods can be defined as the goods which can be used interchangeably to satisfy the same requirement of consumers. These goods have positive cross elasticity of demand, which means the sale
Theory X and theory Y of Management: Meaning, Differences & Application
Theory X and theory y are considered as theories of human motivation at the workplace. This theory was developed by Douglas McGregor in 1950s at MIT. Both theories X and Y are proposed by
