Introduction: Outsourcing can be an efficient, cost-effective business strategy for your company. Before going into the finer details, let’s get to know what outsourcing really entails. Meaning of Outsourcing Outsourcing is the process of obtain goods and/or services, on commercial terms, from … [Read more...]
Sole Proprietorship: Meaning, Advantages and Disadvantages
What is the Meaning of Sole Proprietorship? A sole proprietorship is a type of business in which a single person owns and manages the business. This person is responsible for all the transactions that occur in the business. Sole Proprietorship is the simplest type of business. Examples of sole … [Read more...]
Natural Gas: Meaning, Characteristics, Advantages And Disadvantages
What is Natural Gas? Natural gas is a colorless and odorless fossil fuel with high amounts of methane (CH4) and and a few other hydrocarbons. It is an important source of fuel due to its production of clean energy. Natural gas occurs along with oil and a few other constituents like water, sulfur, … [Read more...]
Business Ethics: 25 Reasons Why Ethics are Important in Business
What are Ethics? A person's ethics are the principles of morality that inform how a person behaves. They can be described as that person's 'moral code'. What are Business Ethics? There are various branches of ethics, and one branch is 'business ethics'. This type of ethics is focused on how … [Read more...]
Short Paragraph on Carpe Diem
Origin of the phrase 'carpe diem': The phrase 'carpe diem' originates with the Roman poet Horace. The full name of this poet is Quintus Horatius Flaccus, and he used the phrase 'carpe diem' in his book 'The Odes'. Meaning of 'carpe diem': 'Carpe diem' is a Latin phrase that means 'seize the day'. … [Read more...]
Partnership: Meaning, Advantages and Disadvantages
What is Partnership? A partnership occurs when several people work together for a common aim. A partnership usually involves two people, however, it can involve three or more. All of the people involved in the partnership are called 'partners'. Working in partnership in business includes working … [Read more...]
Credit Cards: Meaning, Advantages and Disadvantages
What is the meaning of Credit Card? A credit card can be defined as a card (usually plastic) that financial institution issue to their customers so that they can access credit facilities. The card holder can make payment on credit at some point of sale. Credit cards incur some interest which … [Read more...]
Importance of History in Our Life
What is history? History is the study of past actions of the human race and how those actions shape the future. Before we travel into the future, history highlights for us some of the setbacks we should expect. Most of these setbacks posed hurdles for those who came before us. Therefore, history … [Read more...]
Fossil Fuels: Meaning, Characteristics, Advantages and Disadvantages
What are Fossil Fuels? - Meaning A fossil fuel is a fuel derived from the remains of living organisms. Oil, coal and natural gas are the examples of fossil fuels. Fossil fuels are natural fuels like coal or gas formed in the past periods through decomposition of material remains of living … [Read more...]
Hydropower: Meaning, Features and Importance
What is the Meaning of Hydropower? Hydropower ( or water power) is electric power generated by the motion of water. For this reason, hydropower is often also called 'hydroelectric power'. Hydropower refers to power generated from water by rotating turbines. The force of falling water generally … [Read more...]
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