Tag Archives | Roles

Role of Human Resource Management

Everything you need to know about the role of human resource management. HRM means managing men or people. It is people, if not properly managed become problem. HRM involves all managerial decisions, policies and practices that influence human resources directly. According to Davi A Decenzo and Stephen P. Robbins, "HRM is a process consisting of the acquisition, development, motivation and [...]

By |2019-07-29T11:06:51+05:30July 29, 2019|Human Resource Management|Comments Off on Role of Human Resource Management

Role of Entrepreneurs in Economic Development

Everything you need to know about the role of entrepreneurs in economic development. Economic development essentially means a process of upward change whereby the real per capita income of a country increases over a period of time. Entrepreneur plays a vital role in economic development. Entrepreneurs serve as the catalysts in the process of industrialization and economic growth. Technical progress [...]

By |2023-01-14T22:58:10+05:30June 8, 2019|Entrepreneurs|Comments Off on Role of Entrepreneurs in Economic Development

Top 4 Roles of Demand and Costs in Pricing Decisions

The following points highlight the top four roles of demand and costs in pricing decisions. The roles are: 1. Market Versus Firm Elasticity 2. Demand for Buyer's Output 3. Likelihood of Competitive Entry 4. Demand Consequences of a Product Line. Role # 1. Market Versus Firm Elasticity: Price elasticity of demand is a measure of the degree to which buyers [...]

By |2016-05-16T07:52:54+05:30May 16, 2016|Demand|Comments Off on Top 4 Roles of Demand and Costs in Pricing Decisions
Go to Top