Introduction Consumer protection refers to a set of laws, regulations, and practices aimed at safeguarding the rights and interests of consumers when purchasing goods or services. It ensures fair treatment, access to accurate information, and protection against fraudulent or harmful…
Marketing It is a process whereby people exchange goods and services for money or for something of value to them. Taking the social perspective, Phillip Kolter has defined marketing as, “a social process by which individual groups obtain what they…
Meaning of Financial Market Financial Market includes whole network of all organizations’ and institutions that provide short, medium and long-term funds. A financial market is a market for the creation and exchange of financial assets. Financial markets exist wherever…
Meaning of Business Finance Money required for carrying out business activities is called business finance. Almost all business activities require some finance. Finance is needed to establish a business, to run it, to modernize it, to expand, or diversify it.…
MEANING OF CONTROLLING Controlling is one of the important functions of a manager. In order to seek planned results from the subordinates, a manager needs to exercise effective control over the activities of the subordinates. In other words, controlling means…
Meaning In the context of management of organization, directing refers to the process of instructing, guiding, counseling, motivating and leading people in the organization to achieve its objectives. You can observe here that directing is not a mere issue…
Meaning After planning and selection of the organization structure, the next step in the management process is to fill the various posts provided in the organization. This is termed as the management of staffing function. In the simplest terms, staffing…
CONCEPT OF ORGANISING Organising is the process of identifying and grouping the work to be performed, defining and delegating responsibility and authority, and establishing relationships for the purpose of enabling people to work most effectively to together in accomplishing objectives.…
see complete playlist Importance of planning Planning is certainly important as it tells us where to go, it provides direction and reduces the risk of uncertainty by preparing forecasts. The major benefits of FEATURES OF PLANNING :- The planning function…
see complete playlist MEANING OF BUSINESS ENVIRONMENT Business environment refers to all these forces that have an economic impact on business activities. We know that business is an economic organization. Therefore, its survival and growth are dependent on economic factors.…
see complete playlist MEANING OF PRINCIPLE OF MANAGEMENT:- NATURE OF PRINCIPLES OF MANAGEMENT:- SIGNIFICANCE OF PRINCIPLES OF MANAGEMENT:- TAYLOR’S SCIENTIFIC MANAGEMENT:- Fredrick Winslow Taylor (1856-1915) was a person who within a very short duration (1878-1884) rose from ranks of an…
see complete playlist DEFINE MANAGEMENT Management is the process of planning, organising, staffing, directing and controlling the enterprise resources efficiently and effectively for achieving the goals of the organisation. Effective means producing a result that is wanted and efficient means…