How Many Work Hours in a Year?

How many work hours in a year? While the number varies from person to person, an average month is 730 hours. A standard month requires 8 hours of work per day, five days a week. However, the number of hours a person works in a year is dependent on how many days they work and … Read more

Semi Formal vs Formal Dress Code

Trying to decide between a Semi-Formal and a More Formal Dress Code? It’s possible to dress comfortably and appropriately for both. But finding a balance between formal and semi-formal isn’t always easy. In general, you should dress appropriately for the event you’re attending. In many cases, you can wear a ‘Polo’ shirt, which is less … Read more

How to Call a Private Number Back

How to Call a Private Number Back? First of all, what is the last call return code? It is a universal vertical service code developed by the North American Numbering Plan Administration (NANA) by phone network providers in accordance with a directive of the Federal Communications Commission (FCC). The NANA is an acronym for the … Read more

How Does PayPal Work?

Before you get into the details of how PayPal works, you should know that for most individuals and small business it does work quite well. Essentially it’s a trouble-free method of sending and receiving funds on the Internet. Here are the basics, in PayPal’s own words, “PayPal can be used to send and receive payments … Read more

What is Working Capital Management?

The capital involved in any business enterprise can broadly be classified into two categories—working capital and fixed capital. Actually, every business needs funds for two purposes—for its establishment and to carry out its day- to- day operations. Long term funds are required to create production facilities through purchases of fixed assets such as plant, machinery, … Read more

What is the concept of risk and return?

An activity in which an entity puts some financial resources with an expectation of amplified returns is known as investment activity. For any investment the major concern for investors is always the “return”. But as we know that the return is a function of the future and the future is always uncertain so one can … Read more

What is Capital Structure?

In strict terms of finance, capital structure reflects the way in which a corporation finances its assets by using some combination of debt, hybrid securities or equity. In actual practice, a firm’s capital structure is the ‘structure’ or composition of its liabilities. It can be explained with the help of an example—a firm that sells … Read more

What is Global Strategic Planning?

Global strategic planning is a process adopted by multi national organizations in order to formulate an effective global strategy. GSP is a process of evaluating the internal and external environment by multinational organizations, through which they set their long-term and short-term goals and then they implement a specific plan of action in order to achieve … Read more

What are FMCG?

Fast Moving Consumer Goods (FMCG) are the products which are used or sold quickly. They include products such as soaps, toothpastes, cold drinks, batteries, paper products etc. FMCG don’t give the manufactures a big profit per unit of the product, but because the quantities in which they are sold and bought are large, the combined … Read more

What is Inflation?

In terms of economics, inflation can simply be defined as an elevation in the general price levels of services and goods in the economy over a particular period of time. Whenever the price level increases it causes depletion in the buying capacity of the currency, so inflation can also be defined as erosion in the … Read more

What is International Marketing Strategy?

Marketing can simply be defined as an organizational function and a set of processes for creating, communicating and delivering the value to the customers and managing the customer relationships in such a way that is beneficial for both the customers as well as the stakeholders. At international level, marketing can simply be defined as the … Read more

What is Marketing Research?

The shortest definition of the term marketing is “meeting the needs profitably”. According to the American marketing association i.e. AMA, marketing is an organizational function and set of processes for creating, communicating and delivering value to the customers and managing the customer relationships in ways that benefit the organization and its stakeholders. Before getting into … Read more

What Is BHK?

BHK is an acronym which is used mainly by the people in the real estate sector and it stands for Bedroom-Hall-Kitchen. One often comes across terms like 3 BHK apartment for xxx rupees or 2 BHK flat for xx rupees etc. The numbers 3 or 2 refer to the size of an apartment or flat. … Read more

What Is The International Monetary Fund?

The IMF that is the International Monetary Fund is an international organization that is responsible for managing the global financial system. For this purpose, the International Monetary Fund uses the special macroeconomic policies of its member countries (more than 186). The IMF basically manages the balance of payments and exchange rates across the globe. It … Read more

What Is Marketing?

The shortest possible definition of marketing is “meeting the needs profitably”. In strict terms marketing can be defined as an organizational function and set of processes for creating, communicating and delivering the value to the customers and managing the customer relationships in a way that generate benefits for the organization as well as its stakeholders. … Read more

How to Get Rid of Tax Debt?

When people are faced with a challenge from the Internal Revenue Service or the tax agency in their state often react with fear. If they owe a large amount of money because they were unable to pay their income taxes on a timely basis, they worry and become much stressed. But there are some simple … Read more

What Is Monopoly?

The word ‘monopoly’ refers to a situation in which a single company or an individual holds all or nearly all the market for particular good(s) or service(s). Monopoly is different from cartels which are formed when a few big sellers decide to coordinate on the issues of production, pricing and marketing, or in simple words … Read more