E Commerce Models can be broadly categorised into the following three Models: E-commerce Models Example B2B – Business to Business Oracle, Alibaba, Qualcomm, Honeywell B2C – Business to Consumer Intel, Dell, Snapdeal, Amazon C2C – Consumer to Consumer OLX, Quikr, Ebay A typical E Commerce Business Model The followingRead More →
A business may be defined as any activity directed towards procuring or acquiring wealth. Business activities comprise of all economic activities related to production and exchange of goods and services for earning economic returns. Characteristics of a Business It involves production and sale of goods and services It requires aRead More →
Strategic Management Process may be simply defined as the process through which a company formulates its business strategy. ELEMENTS IN STRATEGIC MANAGEMENT PROCESS A. Establishing the hierarchy of strategic intent – Creating and communicating a vision Designing a mission statement Defining the business Adopting the business model Setting objectivesRead More →
GATS identified 155 activities as services and classified them into 11 categories. These 11 types of services are: Business services Communication Construction and engineering Distribution Education Environment Finance Tourism Health Recreation Transportation TYPES OF SERVICES 1. There are 4 types of services on the basis of ownership andRead More →
Objective Setting refers to the activity of setting objectives for an organization. A Goal denotes what an organization hopes to accomplish in a future period of time and therefore are qualitative in nature. Objectives are the ends that state specifically how the goals shall be achieved therefore they are quantitativeRead More →
E-commerce is the use of electronic communication and digital information processing technology in business transactions to create, transform and redefine relationships for value creation between or among organisations and individuals. It simply refers to the buying and selling of products, services and information via computer networks including internet. E-commerce isRead More →
What is a Service? Kotler and bloom (1984) defined service as: “Any activity on benefit that one party can offer to another that is essentially intangible and does not result in the ownership of anything” Therefore, a service can be: An act or performance offered by one partyRead More →
What is Strategy? Strategy comes from a Greek word “strategos” which means generalship i.e. art of the general. A strategy could be- A plan or course of action or a set of decisions making a pattern or creating a common thread. A pattern or a common thread derived from theRead More →
It is essential to estimate the working capital requirements of a project to ensure smooth project implementation. In India Working capital finance for projects is provided according to the lending norms of the tandon committee. The working capital requirements of a project consists of – Raw materials and ComponentsRead More →
What is Cost? It refers to the monetary expenditure which a firm has to incur in order to purchase or hire the factors of production. It is the expense of purchasing or hiring factor services for production and other business activities. Classification of Cost / Types of Cost There areRead More →
The Cost of Capital is the minimum rate of return, that a company requires from its investments in order to ensure that the market value of its shares either increase or remain at the same level. It simply refers to the minimum profit a firm requires from its investment inRead More →
The Working Capital Requirement of a business is the sum of current assets or the amount of funds necessary to cover the cost of operating expenses of the business. The two main components of working capital are current assets and current liabilities. The excess of current assets over current liabilitiesRead More →