Specific or Task Environment The task environment consists of specific organizations or groups that influence an organization’s performance. Each organization may have a unique task […]
Input Pricing under Bilateral Monopoly Meaning of Bilateral Monopoly: Bilateral monopoly refers to a market situation in which a single producer (monopolist) of a product […]
Internal Environment The internal environment is a component of the business environment, which is composed of various elements present inside the organization, that can affect […]
Types of Environment All the factors and forces affecting the survival and growth of business organizations are known as the business environment. There are two […]
How Organizations adapt to Their Environments The components of the environment affect the functioning of a business organization. The management should develop some alternative strategies […]
How Environment Affects Organization The effect of environments on the organization can be studied from three basic perspectives. The points of how environment affects organization […]
Components of Staffing Function Staffing function in an organization has several important components. We can identify five crucial components of the staffing function. These components […]
Tools to Aid Decision Making Quantitative tools are the use of mathematical and other scientific means for solution. These tools assist in finding the optimum […]
Process of Planning The planning process is the steps a company takes to develop budgets to guide its future activities. The documents developed may include […]
Organizational Development Organizational Development (OD) is the process of improving organizational efficiency through planned change. It is a long-run plan to change the behavioral attitude […]
Wage Differential All the theories of wages (or labour) in general assume that labour is homogeneous. In this case, the price of labour tends to […]
Meaning and types of factor prices The meaning and types of factor prices are explained below:- Factor pricing is associated with the prices that an […]
Importance of Staffing In today’s word, the survival of the business organization is becoming tougher. Staffing is important because it is the process by which […]
Purpose of Organizational Communication Communication is simply the act of transferring information from one place, person or group to another. Every communication involves (at least) […]
The purpose of the leadership function is to achieve the organization’s goals. At the same time, leadership has also to build an organizational climate that […]
Price Discriminations Charging different prices to different consumer for the same product is termed as price discriminations. This type of pricing is possible mainly in […]
Price and output determination-Imperfect Competition The Price and output determination-Imperfect Competition is explained below: a) Monopolistic Market b) Monopoly market c) Oligopoly market Characteristics of […]
Price and output determination-Perfect Competition The Price and output determination-Perfect Competition is explained below. Perfect competition: A perfect market, also known as an atomistic market, is […]
Price and output determination (TR-TC Approach) Profit maximization of a firm TR-TC approach. The price and output determination under TR and TC approach is explained […]
Market Structure Perfect Competition- The situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of […]
The relationship between AR and MR are explained below:- The relationship between AR and MR can be explained in terms of the perfect market and […]
Short-run Total and Average Costs The Short-run total and average cost is the cost which has short-term implications in the production process, i.e. these are […]
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