Responsibility Centre Meaning and Types
A responsibility centre is a unit or function of a firm headed by a manager who is directly responsible for its performance.
Cost Volume Profit Analysis Meaning, Features
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.
Culture Meaning, Definition, Characteristics and Factors Affecting
Culture can be defined as the common rules that regulate interactions and behaviour in a group as well as several shared values and attitudes in the group
Divisional Performance Measurement, Income, Financial Measures, Return on Investment
Divisional performance measurement involves both the subjective and objective assessments of the performance of sub-units within an organization such as departments or divisions.
Functions of Memory Meaning, Components and Process
Functions of memory are like personal databases for individuals, holding information about past events and occurrences.
Social Class in Consumer Behaviour Characteristics, Determinants, Influences
Social Class in Consumer Behaviour refers to the significant influence of socioeconomic stratification on individuals’ purchasing patterns and preferences.