Day: January 12, 2022

Introduction Management is involved in coordinating all factors of production so that they can contribute positively to the organizational goals. Management is involved in utilization of human resources and other resources such as machinery, capital, information and time in the Read More …

Domestic Corporation A firm incorporated under the laws of the country or state in which it does business. For example, a firm incorporated in the United States is considered a domestic corporation in the United States, but a foreign corporation Read More …

When enterprises establish a business, they must decide on the form of business ownership. There is no single form that can be said to apply to all individuals, but the person venturing into business need to first consider the following Read More …

Regardless of whether they are public or private, large or small, all business enterprises must consider elements that comprise their environment. Business enterprises secure inputs (people, material, information, money) from their surrounding environment and in turn produce goods and services Read More …

According to Boone and Kurtz (2003) business consists of all profit-seeking activities and enterprises that provide goods and services necessary to an economic system, of course at a profit. The profit is made on behalf of the owner (Symons and Read More …