Cash on delivery (COD) is a payment method in which payment for an order is collected when the associated product is delivered to the customer….
Cash Discount – Definition, Advantages and Disadvantages
A cash discount is a reduction offered by a seller at its product’s price when the buyer makes payment right away or within the given…
Business Operations – Definition, Importance and Tips
Business Operations are a wide variety of activities that a company does on a daily basis to keep it functioning and profitable. Therefore, businesses make…
Bureaucratic Leadership – Definition, Advantages and Disadvantages
Bureaucratic leadership is a leadership style in which a hierarchy of power establishes management and decision-making norms. In a bureaucratic leadership framework, a strict and formal…
What is Buyer’s Market? Definition, Examples & Buyer vs Seller’s Markets
A buyer’s market is a situation when supply exceeds the demand letting buyers have upsides over sellers in the price negotiations. Hence, when a situation…
Capital Goods – Definition, Types and Examples
Capital goods are those products or goods that are bought and then again used by businesses or companies for producing consumer goods or offering services…
Capital Intensive – Definition, Advantages and Disadvantages
Capital intensive is the processes or industries that need enormous capital investments in plants, tools, machinery, etc to create products or services in high volumes…
Buying Center – Definition and Importance
A buying center is a group of people within a company such as employees and other members of an organization responsible for channelizing buying process…
Business Banking – Definition, Importance and Characteristics
Business banking is the financial interaction of a business with a banking institution or financial institution that offers different banking services like business loans, savings…
Board Meetings – Meaning, Importance, Topics and Softwares
The Board Meeting is a meet-up of the board of directors of an organization that occurs at fixed intervals for deciding on the policies and…
How to write an Apology Letter? Template and Examples
An apology letter is a written or physical document or Email that accepts the mistakes and takes full responsibility for your actions to demonstrate regrets…
Business Incubator – Definition, Importance and Types
Business incubators are the programs, companies, or workspaces especially designed to help young startups or new ventures get access to all the resources and services…
What is Motivation? Definition, Theories and Types
Motivation is the longing or willingness to do something due to the set of psychological forces or factors that compel you to act in service…
Business Expenses – Definition, Examples and Types
Business expenses are the expenses or the costs incurred by a business for running all its operations. It is the money spent for the ordinary…
Business Economics – Definition, Features and Types
Business economics is an applied economics field that utilizes economic theory and quantitative methods for planning and implementing business practices. An economic theory includes different…
