Author Archives

Recent Trends in Operations Management

The operations management is the process of managing activities that produces goods and services in order to create value to the customer. With recent …

Factors of Production

An economy owns factors of production which are used in production process. Factors of production are also known as inputs of the production process. Level of …

Barter Economy

Barter economy is where goods are exchanged for goods rather than using money to perform transactions. Barter economy existed in the past where there were no …

Goods vs Services

Goods and services aims at fulfilling customer needs.  Examples of goods are books, foods, clothes and so on. Examples for services would be hair dressing, …

Present Value of an Annuity

Present Value of an ordinary annuity (Monthly/Annual investments are made to recover a large some of money at the end of n number of periods) can be found …

Needs, Wants and Demand

Needs are basic physical and mental conditions of a human that need to be satisfied using a product or a services. In other hand wants can be defined as ways …

Consumer Buying Process

Consumer buying behavior is about the study of customers who purchase goods and services for the final consumption. The buying behavior of a consumer can be …

Consumer Buying vs Organizational Buying

Consumer buying is where the final consumer buys goods and services for the personal consumption. In other words consumer buying means the day to day purchases …

Costs of Quality

Many scholars define quality in many approaches but in general quality is defined as fitness for use/consumption/purpose. In other words the a quality product …

Forms of Business Organizations : Limited Liability Companies

Limited Liability companies are a form of organizations where there is a legal existence for the entity which separated from owners of the business. Owners …