completing the task correctly. Although Efficiency and effectiveness are different but they are interrelated. It is important for management to be both i.e. effective and efficient. Example : A business produces targeted 1000 units but at a higher cost is effecitive but not efficient. Therefore if the business has to be effective and efficient then it has to produce 1000 units within cost. Characteristics of Management 1. Goal oriented Process : It is a goal oriented process‚ which is undertaken
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Question No. 1 Answer: E-Business is the term used to portray the information frameworks and applications that bolster and drive business forms‚ regularly utilizing web technologies. E-Business permits organizations to connection their internal and external procedures all the more effectively and adequately‚ and works all the more nearly with suppliers and accomplices to better fulfill the needs and desires of their clients‚ prompting upgrades in general business execution. While a website is a standout
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(PREPARE ANSWERS FOR THE FOLLOWING TOPICS IN 5-6 PAGES) PAPER –I :Management Process: 1.Definition‚functions and principles of management‚ skills of managers 2.Management Art/Science/Profession 3.Social responsibilities of business 4.Organisational structures 5.Methods of department 6.Span of control. 7.Meaning‚principles and advantages of delegation 8.Line and staff conflicts 9.committees 10.Staffing 11.MotivationTheories - X&Y‚ Maslows‚ Herzberg
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Understanding Business Research Terms and Concepts: Part 2 Which type of research design— exploratory‚ descriptive‚ or causal—is appropriate for the following examples? Explain why. • The goal of this research is to discover the real nature of the problem and to suggest new possible solutions or new ideas. Exploratory • A food manufacturer wants to know the demographics of people who purchase organic foods. Descriptive • A firm is considering hiring American celebrity Paris Hilton to endorse
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her small sandwich business for five years. The entrepreneur desires to expand her business by renting a restaurant space near a mall and the suburbs and probably make more returns. Indeed‚ if she manages to expand her business‚ she is likely to enjoy larger profits and a bigger customer base. In that case‚ she must be prepared to deal with the challenges that come with having a larger business and in particular manage her employees and finances well. A growth strategy‚ in this case‚ will serve as a
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Chapter FOUR The ECONOMIC Environment CLOSING CASE: Meet the BRICs [See Fig. 4.5.] Over the next 50 years‚ changes in the relative performance‚ scale‚ and scope of the world’s economies will be dramatic. Most notably‚ data indicate that the combined economies of Brazil‚ Russia‚ India and China—the so-called BRICs—should surpass those of the G7 nations by 2050 [see Fig. 4.5]. In fact‚ of the original G7 nations‚ only Japan and the United States will still rank among the world’s largest
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[pic] TERM PAPER- FIBER TO THE HOME PRESENT TO ASST.PROF. DANUVASIN CHAROEN‚ PH.D. BY |1 |MS.PATTARAPORN |KIRKAIKUL |ID 5510221004 | |2 |MS.PANUMAS |VACHARAKORNYOTHIN |ID 5510221026 | |3 |MS.SUPAK |SOPON |ID 5510221027
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revenues. Value added tax (VAT) is a tax charged on the value added‚ it was introduced in Tanzania in the year July 1998‚ after the value added‚ tax Act 1997. It replaced sales tax; stamp duty‚ hotel levy and internments tax. Since it’s introduction terms of revenue collected has been promising in the sense that it has been increasing but this should not make use to loose the millions of the revenue the government to collect. There has been constant efforts among tax payers to reduce theirs tax liability
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IST 7020 Research paper on Business Cases Wilmington University 08/11/2012 Research paper The purpose of a business case is to outline the business rationale for undertaking the project and to define the parameters and management factors involved in the project itself. It provides the project manager with a tool to guide the design‚ management and evaluation of the project. A business case is a form of advice substantiating an argument for a proposal. It is an essential and useful tool
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Business Case Development Guidelines Introduction Any request for funds in support of activities that are essential to a business unit’s base activities may be considered for incremental program funding and are driven in response to: Documented user needs Work process changes Information systems changes Significant network or technology enhancements Quality and service improvements Major operating efficiency improvements Market‚ Technical or concept trials The Business
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