Category: Business

The first, Nanda Home need to understand what finance planning is. Financial planning or budget is the process of determining a person’s or firm’s financial needs or goals for the future and the means to achieve them. In other words, financial planning is used to manage your budget, where your money come in and come…

Chapter 13 – Discussion Question # 3, page 539: Define aggregate planning – Also known as aggregate scheduling is concerned with determining the quantity and timing of production for the intermediate future, often from 3 to 18 months ahead. Chapter 13 – Discussion Question # 5, page 539: List the strategic objectives of aggregate planning.…

Theories to explain why firms choose to integrate different stages of production under single ownership have tended to rely upon the internalization approach first put forwards by Buckley and Casson (1976). Their theory was build upon the work of Coase (1937), and identified a series of advantages that accrue to firms from conduction certain types…

Communication is one of the most important dynamics in the field of HRM because effective communication in an organization creates better understanding of the company’s vision and goals and leads to the achievement of these goals effectively. Effective communication is highly necessary to achieve positive behaviour of employees in the organization. It can become effective…

Monopoly The state may also choose to award an exclusive right to supply to one body, most commonly through franchises or patents. There are many variants of the former. The Post Office, for example, is not overall a natural monopoly, but has always been run as a state monopoly in order to ensure safe delivery…

Explain errors of omission and errors of commission == Errors of commission == An error of commission occurs when you record an incorrect value in posting. Such errors include original entry errors, transposition errors, calculation errors and reversal of entries. An original entry error occurs when an incorrect figure is recorded and posted. A prime…

In operations management, it is important to implement appropriate planning tools such as forecasting. Forecasting is basically the prediction of the future. Forecasts are mainly focus on the demand for a product or service, and are used as a point for planning and preparation to successfully and competently meet demand. When working from a forecast,…

Tesla Motors, Inc. is an American company that was established in 2003. The driving concept behind the venture was proving electric cars could be a feasible replacement of the gas powered automobiles without compromising convenience, performance or high-end. Apart from the core function of developing and producing electric vehicles, Tesla also supplies advance electric automobile…

Grunig and Hunt (1984)’s four models of public relations are perhaps the most commonly used theories in the field. They are useful in that they divide a complicated subject matter into four fundamental areas which can then be separately addressed. Corporations may refer to these models in establishing their CSR efforts. For example, the first…

Introduction The debut of a product into the market termed as product launch. The product launch signifies the point at which consumers first have access to a new product. But when it comes to new products, great expectations can doom products that don’t measure up to them. There are more stories of failure than success…