Economic Objectives Business is basically an economic activity‚ its primary objectives are economic. The economic objectives of a business are to earn sufficient profit to give reasonable reward to the investors of capital and to provide funds for expansion and diversification. The main economic objective of business may be described as under: (a) Earning Profit: Business activity is undertaken for earning profit. Profit is the basic incentive to business pursuits. It is the most important objective
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What are the objectives of business? Every business enterprise has certain objectives which regulate and generate its activities. Objectives are needed in every area where performance and results directly affect survival and prosperity of a business. Various objectives of business may be classified into four broad categories as follows: 1. Economic Objectives: Business is basically an economic activity. Therefore‚ its primary objectives are economic in nature. The main economic objectives of business
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Topics for This Week’s Discussions: Objective Tone (graded) Flawed Diction (graded) Q&A Forum . . . for your questions and comments (not graded) Note: Click on the links in the “Topics” section to view the discussion topics. Then‚ click “Respond” to add your thoughts to the discussion thread. Topics Objective Tone (graded) Flawed Diction (graded) Q&A Forum Objective Tone (graded) Though an objective tone is probably most appropriate for nearly
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SMART Objectives: This page has been written to provide not only an overview of the SMART objective format‚ but to help you to write your own. Specific | Is the objective clear?Is it precise and well defined?Can everyone understand it? | Measureable | Have you stated how you will assess whether it has been completed or not?What evidence is needed to confirm it?How will the individual learner know when the task has been completed? | Achievable | Are there sufficient resources in place and
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latest of a long series of information technologies‚ which includes printing‚ mail‚ radio‚ television and the telephone. It is the application of computers and telecommunications equipment to store‚ retrieve‚ transmit and manipulate data‚ often in the context of a business or other enterprise. The term is commonly used as a synonym for computers and computer networks‚ but it also encompasses other information distribution technologies such as television and telephones. Information technology refers
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Objectives of Punishment There have been many rules throughout history some choose to follow those rules and some choose to break the rules. The big question is the product to those who should break the rules. There was a day when parents could spank their children freely and accepted as simply normal. As the years went on‚ society started to see how people would take it too far. Therefore‚ laws had to change. It is the same within today’s prison system. Individuals are in prison because
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Computer Systems Individual Assignment Executive Summary This is an analysis study done for the “RAINBOW” digital color lab which is going to be opened soon in Colombo City. The main reason of this analysis is to identify and recommend Computer systems‚ software and peripheral components which will be needed for the employees of the lab for their daily work. Also policies were recommended for security and safety of the computers use‚ Data backup policy and the health and safety of the
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Real world situation – Dell Inc. Dell Inc. was founded in 1984 by Michael S. Dell‚ who developed the supply chain formula‚ which would end up making Dell one of the world leaders in PC sales. When applying the resource-based view and the VRIN-framework to Dell‚ it becomes clear that Dell has a definite competitive advantage. Dell’s success-formula combines several resources which are “unique‚ valuable to customers‚ and difficult to imitate”. What makes Dell so special‚ is the fact that it does
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People have been arguing whether our own culture and experience are barriers that keep us from not seeing the objective truth. To clearly discuss this argument‚ a few definitions and views need to be considered. First of all‚ the objective truth comes from an understanding. To understand something‚ we need to have knowledge on it. Knowledge is defined as true justified belief. Therefore‚ to obtain knowledge for a better understanding‚ we need to rely on our own experiences and cultures. As people
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Research Topic This research will look at the link between employee satisfaction and work output in the Human Resource Management (HRM) movement. Research Background There are many theories and models such as Taylor’s Scientific Management‚ McGregor’s theory X and theory Y and Mayo’s Hawthorne studies‚ relating to work output and how and what can impact this. Between 1924 and 1932 Elton Mayo carried out a series of experiments known as the Hawthorne studies. Mayo and his team wanted to
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