Job Description- Meaning, Definitions, Content, Advantages and Limitations   Meaning Job description is a written statement of what the job holder does, how it is done, under what conditions it is done and why it is done. it describes what the job is all about, throwing light on job content, environment and conditions of employment. It is descriptive in nature...

Posted on Feb 25 2017 - 12:49pm by Preeti
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Job Analysis   Topics Covered i. Meaning ii. Definitions of Job Analysis iii. Features of Job Analysis iv. Important terms v. Uses of Job Analysis vi. Process of Job Analysis vii. Purpose of Job Analysis viii. Techniques of Job Analysis   Meaning of Job Analysis Job analysis is a formal and detailed examination of jobs. It is a systematic investigation of...

Monopolistic Competition – Meaning, Definitions, Characteristics 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...

Perfect Competition – Meaning, Definitions and Characteristics   Topics Covered i. Perfect competition Meaning ii. Definition of Perfect Competition iii. Features of Perfect Competition/Characteristics of Perfect Competition   About Perfect Competition Under perfect competition a large number of firms compete against each other. Therefore, the degree...

Posted on Feb 6 2017 - 11:33am by Preeti
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English Grammar – A Complete Guide 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...

Nouns – Types of Nouns with Example   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...

Posted on Feb 1 2017 - 7:07am by Preeti
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Economies of scale – Meaning, Classification and Sources 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...

Demand Elasticity – Meaning, Definitions and Types   Meaning of 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...

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...

Determinants of Demand   There are various factors on which the market demand and individual demand for a product depends. These factors are known as determinants of demand. The knowledge of the determinants of market demand for a product and the nature of relationship between the demand and its determinants proves very helpful in analyzing and estimating...