Process of Communication The process of communication always depends on the components of communication. SO we can never discuss the process of communication without discussing the components of communication. Let’s talk about communication first. Communication is the simplest way of sharing information between individuals. There are various ways through which information is shared between people. […]
Consumer and Producer Surplus – Graph and Example
Consumer Surplus Consumer surplus is the amount that buyers are willing to pay less than the amount actually paid, measures the benefit that buyers receive from a good in terms in which they perceive. For example , if John wants a product and that product is willing to pay 100. And when you get to […]
Production Possibilities Frontier – Function and Importance
Production Possibilities Frontier The frontier of production possibilities is a model of the marginalist school, which contains the combinations of theories corresponding to production. Alon with resources and technologies in which maximum production is achieved. It is a reflection of the amount of goods and services that a company produces in a given period of […]
Internal Communication
Internal Communication In a turbulent environment as we know it today, more than ever, the company needs to heal its internal communication to bring some stability to its teams. Communication between top management, management, and workers is referred to as internal communication. Open and clear communication is a perfect way to ensure that the employees […]
Oral Communication Skills
Oral Communication Oral communication or Verbal Communication is a way to express your ideas and knowledge verbally without writing them. It is of equal importance in business as well as in an academic career, and is the key to success. People having good oral communication skills are the best option to convey messages. Some people […]
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