Human Resource Management (HRM) has evolved from being viewed as a necessary evil in big business to an essential part of guaranteeing the long term success of businesses. Historically it was viewed as an exercise in staffing an organisation. It has grown to be perhaps the most important part of finding, developing and maturing …
In business, credit sales have become the norm in modern-day transactions. However, cash flow is a very important factor in business. Sometimes you need the money a lot sooner than the agreed date of payment. This can happen for various reasons but most commonly it is market conditions that dictate the payment terms. Operating in …
Rural areas, especially in underdeveloped and developing countries have the highest number of people compared to urban areas. As such, they present an opportunity for revenue growth for a lot of companies. In order to penetrate the rural market firms may need to alter their marketing strategy in order to successfully tap into the rural …
The various types of industrial disputes whether they are managerial, economic or have to do with unfair labour practices can be resolved in different ways. Because industrial unrest has always been around, approaches to resolve labour disputes have been devised. These approaches to industrial dispute settlements include negotiations, conciliation, mediation, arbitration and court action among …
Franchising has become a very popular form of business. Depending on the type of franchise agreement one can find themselves in a ready-made business or market with customers to boot. The savings in teething costs along the learning curve can be massive for someone who chooses to buy into a franchise business as opposed to …
A bill of exchange is a legal document containing a written order to pay a certain amount of money to a specified person. The terms and conditions of the bill of exchange determine whether the money to be paid has a discount. The difference between the face value and the amount of money received is …
Industrial disputes may take any form and may arise due to economic and non-economic issues. The types of industrial disputes may be concerned with the terms that govern relationships between an employer and employee. In other instances, the disputes may result from the application and interpretation of contracts and agreements. The major types of industrial …
There are many types of personal selling with different roles that differ from one industry to another and from one firm to another. The names assigned to the people that provide personal selling services differ, with common names such as salespeople, sales representatives or in some cases account representatives and sales engineers. Personal selling helps …
Whether a business provides physical goods, services or a mixture of the two it will inevitably carry some types of inventory. These usually represent a major investment by a business and therefore understanding the different types and how to recognise is important. What is inventory? Inventory refers to the stocks and supplies of materials and …
A product, service, person or place can develop a reputation and a competitive advantage from branding. There are different types of brands namely, product, group and E-brands to mention a few. What is Branding The process of building a unique name and identity for a product or firm is known as branding. Branding is an …