Definition: The wheel of retailing refers to a hypothesis, which depicts the life cycle of a retail organization. It starts as a discount retail business to attract price-sensitive consumers and then gradually converts into a luxury brand store or departmental store to cater to high-end consumers. Prof. Malcolm Perrine McNair proposed this theory in the year 1931. He … [Read more...] about Wheel of Retailing
Search Results for: market structure
Henri Fayol’s 14 Principles of Management
Definition of Management: Management can be viewed as an effort made for accomplishing the organizational goals, objectives and vision through planning, organizing, staffing, directing and controlling all the business activities accordingly. These principles set the guidelines and standardize the management's course of action to run a business organization effectively and … [Read more...] about Henri Fayol’s 14 Principles of Management
Corporate Culture
Definition: Corporate culture is the blend of sociability and solidarity in an organization. It can be understood as the ethics, values, perception, atmosphere, practices, attitudes and beliefs shared by the employees of a company to achieve organizational goals and objectives. For Example; Let us take the instance of a world-renowned Swedish based furniture brand 'Ikea'. … [Read more...] about Corporate Culture
Wholesale Banking
Definition: Wholesale banking refers to the complete banking solution provided by the merchant banks to the large scale business organizations and the government agencies or institutions. To avail the facility of wholesale banking, the companies need to possess a strong financial statement and operate on a large scale. Usually, multinational companies are the clients of … [Read more...] about Wholesale Banking
Real Estate Investing
Definition: Real estate investing refers to the purchase of property as an investment to generate income rather than using it as a primary residence. In simple terms, it can be understood as any land, building, infrastructure and other tangible property which is usually immovable but transferable. Some of the examples of real estate are a house, office building, agricultural … [Read more...] about Real Estate Investing
Non-Banking Financial Company (NBFC)
Definition: A non-banking financial company is that financial institution which provides the banking services to the customers without having a banking license. An NBFC needs to be compulsorily registered under the Companies Act 1956 however, it can be owned privately or by the government. Example Bajaj Finserv Ltd. is the NBFC belonging to Bajaj Finance Limited. It provides … [Read more...] about Non-Banking Financial Company (NBFC)
Monetary Policy Vs Fiscal Policy
Both monetary policy and fiscal policy go hand in hand when it comes to the economic stability and growth of a nation. The most significant difference between the two is that monetary policy is introduced as a corrective measure by the central bank to control inflation or recession and strengthen the Gross Domestic Product (GDP). Whereas, fiscal policy is implemented each year … [Read more...] about Monetary Policy Vs Fiscal Policy
Central Bank Vs Commercial Bank
The central bank and commercial banks both form the base of a country's economy. However, they are incredibly different from one another. When the central bank is the supreme organization of the banking system of any country, the commercial banks function under the rules, regulations, policies and guidelines of the central bank. The significant difference between the two is … [Read more...] about Central Bank Vs Commercial Bank
Public Goods Vs Private Goods
Public goods, as the name suggests, are for the facility and welfare of the public in general for free of cost. Whereas, private products are the ones which are sold by private companies to earn profits and fulfil the needs of the buyers. This is a significant difference between these two types of goods. However, both public goods and private goods are for the consumer's … [Read more...] about Public Goods Vs Private Goods
Types of Mutual Funds
Definition: Mutual fund is an investment opportunity which sums up the limited capital of various small investors to invest in different investment options like equities, bonds, cash and other money market instruments. An investor can either invest the whole amount in a lump sum or can opt for a systematic investment plan (SIP) where he can contribute in a small amount each … [Read more...] about Types of Mutual Funds