Communication is the act of transferring information from one person, group or place to another.
Each communication needs at least one sender, one recipient, and a message. Maybe it sounds simple but actually, communication is a very complex subject.
cost control is a process of regulating or control the cost of operation within an organization. Basically, it is the practice of identifying and reducing business expenses to increase profits.
The elements of costs are those elements that constitute the cost of the manufacture of a product. The cost of an industrial enterprise may be divided into three principal elements,
The term product life cycle refers to the time period a product is introduced to consumers into the market until it’s removed from the market. The product life cycle is the process almost every product goes through from when it is first introduced into the market until it is removed from the market.
The definition of administration refers to the group of individuals who are in charge of creating and enforcing rules and regulations, or those in leadership posture who complete important tasks.
Revenue and cost can be studied by examining the total revenue and total cost of a business. Break-even Analysis implies that at some point in the operations, total revenue has to be equals to the total cost.
Management vs administration: Management is the act of managing people and their work for achieving an organization’s goal using its resources where administration is an organized process of administering the management of an organization.
A Plant Location is a place, where men, money, material, machinery, etc are brought together for manufacturing products.
Organizational structure is a system that abstracts how certain activities are directed in order to achieve the goals of an organization. these activities can include roles, responsibilities and rules.
What is the major difference between leadership and management? While many of you may think that manager is also a leader so, these two terms mean the same thing, but actually not. The terms “management” and “leadership” are often used interchangeably.
