Management

Difference between Upward communication and Downward Communication withits comparison

Posted on

In this article we will discuss about Difference between Upward communication and Downward Communication with its comparison. Upward Communication   In this process of communication, the information flows from lower level to upper level, it means from employees to manager, supervisor or any other higher level person. It is very important part of business management. According […]

Economics

Difference between Centralization and Decentralization with its comparison

Posted on

In this article we will discuss about Difference between Centralization and Decentralization with its comparison.  Centralization    Centralization means  the power and authority to the top level regarding decision and planning. It is opposite of decentralization. Top managers make all the decisions. Subordinates simply carry them out. In centralization the flow of communication is formal and […]

Company Law

Difference between Sole Proprietorship and Partnership with its comparison

Posted on

In this article we will discuss about meaning of Sole Proprietorship and Partnership and also discuss Difference between Sole Proprietorship and Partnership with its comparison. Meaning of Sole Proprietorship Sole proprietorship refers to a business organization in which enterprises are controlled or owned by a single person. Sole proprietorship is the oldest form of business enterprise […]

Economics

Meaning of Total utility and marginal Utility and the relationship between Total Utility and Marginal Utility

Posted on

In this article we will discuss about Meaning of Total utility and marginal Utility and the relationship between Total Utility and Marginal Utility.   TOTAL UTILITY Total utility (TU) means total satisfaction obtained from the consumption of all possible units of a commodity. It includes total satisfaction which consumer gets from consumption of all goods […]

Economics

Concept of Utility, Total Utility and Marginal Utility

Posted on

 In this article we will discuss about Concept of Utility, Total utility and marginal Utility.   UTILITY Utility means satisfying power of a commodity and consumer get satisfaction by consumption of goods and services. In other words utility means usefulness of goods and services for the satisfaction of human wants and it depends upon the […]