Business turnover, also known as sales revenue, is the total income a company generates from selling its products or services. It’s a key metric used to assess a company’s financial health and performance.
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Depreciation is the gradual reduction in the value of an asset over time because of wear and tear, obsolescence, or other factors. It’s a financial accounting concept that reflects the economic reality that assets ultimately lose their usefulness or become less valuable.
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At its core, industrial relations is about achieving a balance. It strives to create a workplace environment that fosters cooperation and productivity, while ensuring the fair treatment and well-being of employees.
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Marketing communication is the process of building and maintaining relationships with customers through various channels. It involves conveying information about a product or service to potential and existing customers, with the goal of influencing their thoughts, feelings, and behaviors.
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DVR shares are a class of equity that deviates from the norm in terms of voting rights. Unlike their ordinary share counterparts, DVR shares imbue shareholders with voting power that can be either amplified or diminished. The specific allotment of voting rights hinges upon the terms established by the company during the issuance of these shares.
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Leadership style refers to the characteristic way a leader behaves to influence, motivate, and guide their team. It encompasses the leader’s methods of providing direction, implementing plans, and getting things done through others. There’s no single “best” style, as an effective leader will adapt their approach based on the situation, team dynamics, and their own strengths.
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Departmentation is the process of breaking down an enterprise into various departments.
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Organization principles serve as the foundation for effective management and the smooth functioning of any entity, be it a business, nonprofit, or government organization. These principles guide decision-making, structure, and processes within an organization.
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Gross Domestic Product (GDP) is the monetary value of all finished goods and services produced within a country’s borders in a specific time period. It is a comprehensive measure that reflects the overall economic performance of a nation, encompassing the total value of goods and services generated by businesses, governments, and consumers. GDP serves as a key indicator for assessing the size and health of an economy, providing insight into its level of production and economic activity.
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Marginal Revenue (MR) is the additional revenue generated by producing and selling one more unit of a good or service. In other words, it represents the change in total revenue that occurs as a result of selling an additional unit of a product.
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