What's it: Human resource objectives refer to the purposes the company wants to achieve through its human resources department. They outline what
Management
Financial Objective: Examples and Detailed Explanations
What's it: A financial objective is a target or something we want to achieve through the finance department. They guide the finance department
Strategic Direction: How To Write It And Its Relation To The Ansoff Matrix
What's it: Strategic direction is about where we are going. It determines our plans and the steps we will take to realize
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Operational Objectives. What are some examples?
What's it: Operational objectives refer to something we aim for or target through operational functions. They are specific objectives for
Corporate Objective: Definition, Importance, Types, Examples
What's it: A corporate objective is a specific, measurable, and time-specific target by which you can achieve your overall corporate goal.
Operations Department: Roles and Relationships With Other Business Functions
What's it: The operations department is the business area dealing with production. This department is a strategic area besides marketing,
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Industrial Relation: Impacts, Policies and Procedures, Methods
What's it: Industrial relation is how workers and employers connect and work together to achieve desired goals while fulfilling their rights and
Accounting and Finance Department: Roles and Links with Other Departments
What's it: The accounting and finance department is concerned with planning, managing, and controlling financial resources, including managing
How Do Businesses Respond to A More Competitive Market?
Revisiting competitive strategy is one way to respond to a more competitive market. For example, in marketing, businesses identify what needs to be
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Consumption Expenditure: Type, Determinants, Impact
What's it: Consumption expenditure refers to the money individuals spend on goods and services. In economics, we can also say it is the residual
Why are some markets becoming more competitive?
Some markets become competitive for several reasons. Globalization is the first reason. It makes the competition map wider because it involves foreign
How Consumption Expenditure Affects the Economy
In macroeconomics, consumption expenditure affects the economy through aggregate demand. Economists include it as an item in aggregate demand in
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Competitive Market: Characteristics and Examples
What it's: A competitive market refers to a market characterized by intense competition in which no player has a dominant power. It is identified
Which Factors Affect Consumption Expenditure?
Several factors affect consumption expenditure. Disposable income comes first. Without it, there is no income to buy the product. Other factors
Consumer Spending Patterns: Influencing Factors
What's it: Consumer spending patterns are changes over time in the total money individuals spend on goods and services for personal use. It also
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How is the Marketing Department Structure Organized?
Marketing department structure may vary between companies. For example, a company's units might include sales, market research, promotion, and