In this article we will discuss about:- 1. Concept of Simulation 2. Simulation Methodology 3. Procedural Steps in Simulation Analysis 4. Merits 5. Demerits 6. Models. Concept of Simulation: For many years, war games have been used as a means of training human resources and testing plans and equipment under field conditions. The process of obtaining the essential qualities of [...]
The following points are taken into consideration while selecting a form of business organisation: 1. Easy in Formation 2. Easy in Raising Finance 3. Extent of Liability 4. Flexibility of Operation 5. Stability and Continuity 6. Secrecy 7. Government Regulations 8. Tax Liability 9. Decision-Making Opportunities. Factor # 1. Easy in Formation: The primary consideration in making the choice is [...]
After reading this article you will learn about:- 1. Meaning of Business 2. Definition of Business 3. Characteristics 4. Objectives. Meaning of Business: The word 'business' literally means 'a state of being busy'. Every person is engaged in some kind of occupation: a worker works in a factory, a teacher teaches in the class, a clerk does his office work [...]