Political institutions play an important role in shaping the governance and functioning of a country. They the backbone of a country’s political system, providing the framework within which decisions are made, policies are formulated, and laws are enacted.
The political environment plays an important role in shaping the business environment. The political environment of business includes the laws, policies, regulations, and government actions that impact overall businesses and their operations.
Product positioning in marketing is one of the important elements of marketing that seeks to establish a unique and favourable perception of a product in the minds of consumers.
Physical distribution is a major part of logistics and refers to the activities used to move products from producers to consumers and other end-users. Physical distribution systems must meet the needs of both the supply chain and customers
A responsibility centre is a unit or function of a firm headed by a manager who is directly responsible for its performance. It generates information and allows them to be used directly in motivating and controlling the action of each manager in charge of the responsibility centre.
Cost Volume Profit analysis is a technique for studying the relationship between cost, volume and profit. The profits of an undertaking depend upon a large number of factors.