Introduction Change management plays a crucial role in an organization. Business organizations usually work to meet the needs of consumers through the production of goods and services. To ensure that sustainable profits are achieved in an organization, a positive change that affects all the critical areas in an organization should be embraced. While many modules…
Historical Development of Databases Hierarchical Database Model A data model in which data is organized in a top-down, or inverted tree structure with lower level records subordinate to higher-level records A lower level record is called a child and a higher level record is called a parent Each parent record can have many child records,…
Sole Proprietorships Sole proprietorship – business owned and run by a single person who has the rights to all profits and unlimited liability for all debts of the firm Easiest form of business to start Management is relatively simple Owner can keep the profits without having to share them with other owners Proprietorship does not…
Nature and importance of marketing channels: Marketing channel: the set of individuals or firms involved in the process of making a product available. Intermediaries: Individuals or firms performing a role in the marketing channel, involved in making a product available. Functions performed by intermediaries: – Transactional function: This is done when they buy and sell…