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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OBJECTIVES OF THE STUDY The following objectives are identified:- Primary Objective. To know the usage and adaption of plastic money. Secondary Objectives. Secondary objectives are as under:- - To know the importance of plastic money in the daily life of consumer’s with reference to credit and debit cards. - To study the benefits of debit card & credit cards. - To find out the market leader among the various banks/ companies issuing credit and debit cards. - To know the problems faced
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IKEA’S GLOBAL SOURCING CHALLANGE: INDIAN RUGS AND CHILD LABOUR Barner‚ IKEA’s business area manager for carpets‚ must decide how to handle the child labor issue. She learned that a German television would soon air a documentary showing children working at looms at Rangan Exports‚ one of IKEA’s major suppliers. Moreover‚ the producer invited IKEA to send a representative to take part in a live discussion. The first question is whether to recommend that IKEA participate in the program or decline
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1.Unemployment of footwear workers Duration of unemployment in footwear and total manufacturinga in Belgium Since 1988 the proportion of unemployed manual footwear workers who have been unemployed for more than one year has increased whereas the proportion of total unemployed manual workers in Belgium who are long-term unemployed has remained constant. • The duration of unemployment of the least skilled footwear workers is‚ on average‚ less than that of the group ofmanual textile
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Labour Supply Labour supply can be defined as the availability of suitable human resources in a particular labour market. The suitable human resource would be the one not only with the required skills for a particular job but also it must be willing and able to work at the existing wage rate. Labour market is similar to commodity market with the difference of labour (human resource) being demanded and supplied at a particular price (wage).Labour supply is frequently represented graphically by
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Division of labour Today Today‚ the world we live in‚ is progressing so rapidly. Be it‚ the increasing number of mega cities‚ the tremendous advances in medicine‚ the huge number of products that we depend on everyday‚ the wonders of internet‚ the satellites and the space ships‚ nothing has been the same with the never-ending human desire for better life. If we wonder how it was all possible? Well‚ the answer that Adam Smith gives is ’Division of Labour ’. Today‚ even simplest form of labour like‚
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10 CONTRACT LABOUR IN INDIA INTRODUCTION 10.1 The system of employing contract labour is prevalent in most industries in different occupations including skilled and semi skilled jobs. It is also prevalent in agricultural and allied operations and to some extent in the services sector. A workman is deemed to be employed as Contract Labour when he is hired in connection with the work of an establishment by or through a contractor. Contract workmen are indirect employees; persons who are hired‚ supervised
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To what extent was party policy the most important factor in the fluctuating fortunes of the Labour party 1900-45? The main aim for Labour at the start of the 20th century was to establish itself as a party that recognised and appealed to the working classes‚ as well as breaking down the two-party system in Britain with the addition of a new political force. The founding of the Labour Representation Committee can be attributed somewhat to Keir Hardie in the late 1800s‚ a movement that grew noticeably
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emotional labour? Defined by the author Bryman (2004) emotional labour is the state of affairs between employees as part of their working roles and the need to express feelings and emotions as part of their work. The types of emotions can be delivered in a desirable way or undesirable way‚ in other words positive or negative. Why is emotional labour so important? As stated in the article written by Bryman (2004) the importance of promoting emotional labour is because‚ emotional labour is progressively
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Flexible Labour Markets. - Benefits and Disadvantages Flexible labour markets involve a minimum of government intervention‚ they are labour markets which work efficiently and are competitive. Many supply side economists argue flexible labour markets are of great importance in reducing unemployment and improving the competitiveness of the economy. Advantages: 1. Opportunity to exploit 24-hour economy 2. Contributes to an improvement in the inflation-unemployment trade off 3. Flexible wages
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