YEP Nepal Blog

Classical Theories of Management

Classical Theories of Management

Introduction to the Principles of Management The principles of management are a set of guidelines or rules that guide the decision-making and actions of managers in an organization. These principles...

Nature of Management

Nature of Management

Meaning of Management Management can be defined as the process of coordinating and overseeing resources (human, financial, material, and informational) in order to achieve organizational goals and objectives. This involves...

Price Elasticity of Demand

Price Elasticity of Demand

Price Elasticity of Demand (PED) is a measure of the responsiveness of quantity demanded to changes in the price of a good or service. It is calculated as the percentage...

Concept of Elasticity of Demand

Concept of Elasticity of Demand

Concept of Elasticity of Demand Elasticity of Demand is a measure of the responsiveness of quantity demanded to changes in price. It is an important concept in economics as it...

Function of Business

Function of Business

The functions of a business refer to the activities and processes necessary to achieve its goals and objectives. These functions can be divided into several areas, including: Each function is...

Component of Business

Component of Business

Industry Industry refers to the production of goods or services within an economy. It is a sector that deals with the manufacturing and transportation of products and the provision of...

Characteristics of Business

Characteristics of Business

The characteristics of a business refer to the unique features or qualities that define the nature of the business. These characteristics can include the business’s purpose, its production of goods...