Posted on Feb 28 2017 - 11:57am by Preeti
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Communication Models Communication Models  are conceptual  models used to explain the human communication process. In this section, you will learn about three models of communication: I. Linear model II. Interactive model III. Transactional model I. Linear Model of Communication It is a simple one way communication model. The message flows in a straight line from...

Job Description Meaning Job description is a list which containing tasks or functions and responsibility of a position which are to be performed. Job description is a written statement mentioning the job title, tasks to be performed, duties and responsibilities involved in a job. It also mentions the working conditions, hazards, stress and other problems involved...

Posted on Feb 25 2017 - 12:49pm by Preeti
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Job Analysis Job analysis is a formal and detailed examination of jobs. It is a systematic investigation of the tasks, duties and responsibilities necessary to a job. According to US Labour  Job analysis is the process of determining, by observation and study, and reporting pertinent information relating to the nature of a specific job. It is the determination of...

Posted on Feb 13 2017 - 2:44pm by Preeti
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Monopolistic Competition  The degree of competition in a monopolistic market is less than that in a market with perfect competition but more than that in an oligopoly and ofcourse a monopoly. The characteristics of a market with monopolistic competition are as follows: a) There are a large number of buyers b) There are a large number of sellers c) The product is...

Posted on Feb 10 2017 - 2:23pm by Preeti
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Perfect Competition Under perfect competition a large number of firms compete against each other. Therefore, the degree of competition number perfect competition is close to one. Of the different kinds of market structures, the maximum competition happens in perfect competition. Monopoly has the least competition . The major characteristics of a perfect competition...

Posted on Feb 6 2017 - 11:33am by Preeti
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English Grammar English is probably the most widely used language in the world. English, in many countries including India is used as the official language. Business transactions, job interviews, dissemination of scientific and technical data, the proceedings of law courts, Parliament and the administrative machinery as a whole, as well as the communication between...

Nouns   Nouns are the names of people, places, things, ideas, actions or qualities. Example – John, Nancy, Paris, Printer, Roof etc.   Types of Nouns : Nouns are classified into following types : Proper Nouns Common Nouns Collective Nouns Abstract Nouns Concrete Nouns Countable Nouns Uncountable Nouns Proper Nouns The name of a particular person...

Posted on Feb 1 2017 - 7:07am by Preeti
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Economies of scale Economies of scale mean the cost advantage of large scale production. They occur mostly in the long run when increasingly larger plants yield lower cost of production. Economies of scale arise when a business firm expands its scale of production, the unit cost of production decreases. If the unit cost increases while expanding the scale of production,...

Posted on Jan 30 2017 - 3:25pm by Preeti
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Demand Elasticity Elasticity in general, means the sensitivity or responsiveness of one variable to any change in another related variable. Demand Elasticity is a concept of judging the responsiveness of demand. J.S. Mill and Cournot were the early economists who referred to Elasticity of Demand in Economics. But this concept was actually developed by Dr. Marshall...

Posted on Jan 30 2017 - 2:37pm by Preeti
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   Types of Demand There are large number of goods and services available in every economy. Their classification is important in order to carry out a demand analysis for managerial decisions.  Following categories have made on the basis of the nature of commodity demanded (consumer goods and capital goods), time unit for which it is demanded (Short run and long...