Laissez Faire Leadership Laissez Faire Leadership, also known as Delegative Leadership, involves the leader assigning several tasks to people within their team. The decision-making for… Read More »Laissez Faire Leadership vs Democratic Leadership
Turnover is the net sales generated by a business, while profit is the residual earnings of a business after all expenses have been charged against… Read More »What is Turnover?
Meaning of Revenue Revenue is the earnings that an enterprise has from its usual business pursuits, usually from the sale of commodities, and services to… Read More »What is Revenue?
Acceptance and offer play important roles in the formation of a valid contract. For a successful contract, there must be a valid offer followed by… Read More »What is Acceptance?
Meaning of Liability Liability is a term in accounting that is used to describe any kind of financial obligation that a business has to pay… Read More »What is Liability?
A quasi-contract is a legal obligation imposed by law to prevent unjust enrichment. This is also called a contract implied in law or a constructive contract. A… Read More »What is Quasi Contract?
Small-scale industries are referred as, which the process of manufacturing, production, and servicing are done on a small scale. Characteristics of Small-Scale Industry Generally have… Read More »What are Small Scale Industries?
Entrepreneur and manager, these two terms that are often used in management parlance, although they sound similar but are different in their functioning. Both of… Read More »Difference Between Entrepreneur and Manager
Outstanding expenses are those expenses that have already been incurred but have not been paid yet. For accounting purposes, these expenses need to be charged against… Read More »What are Outstanding Expenses?
Marketing and Branding are both interrelated terms in marketing management. The activities are used to bring awareness of a product or company among people. They… Read More »Marketing vs Branding