Importance of tactics in business Tactics are of paramount importance in business, specifically due to the following reasons. 1. To meet competitions effectively Strategies are implemented through tactics.
What is Business Process Re-Engineering? Business process re-engineering (BPRE) or business re-engineering has become the millennium’s buzzword in management and industry circles. Business process re-engineering has become a
What are Cooperative enterprises? How are they different from other business enterprises? Co-operative enterprises are distinct from the other forms of business enterprises. While all the other forms
Majority of the co-operatives in the country combine some business activity along with providing services to members. Though they are not profit oriented, they can earn reasonable profits
Disadvantages of cooperative enterprises The following are some of the disadvantages of Cooperative enterprises. 1. Limited funds: Co-operative societies have limited membership and are promoted by the weaker
Advantages of Cooperative Societies The following are some of the important advantages of co-operative societies. 1. Voluntary organization The membership of a cooperative society is open to all.
The following are the advantages and disadvantages of cartels: Advantages of Cartels 1. Assurance of profits Since prices charged by cartels are more than the cost of producing
What is a Cartel? A cartel is a form of combination in which independent business firms in an industry agree to regulate their output, to fix sales quotas
What is a Plant Layout? Once a suitable location of the plant has been decided upon, the next important issue is the design of the layout. Plant layout
What are Government Companies? If Central or any State Government holds majority of paid up share capital (not less than 51%) in any company, it is called a