Articles [Other]

The U-form firm emerged during the development of the American railways in the second half of the 19th century. The growth in size of the network together with the growth in traffic led to the creation of an administrative structure, the...

To overcome the organizational constraint on growth, firms experiment with new organizational forms. Advantages In this new structure the firm achieves economies of specialization at two levels: first, product specialization where each product...

“Jack and Jill.” Went up the hill,To fetch a pile of waterJack fell down,The bucket dropped down,Water came tumbling,Jill came tumbling,And finally the whole hill came tumbling!!" Old Mr. Jack and Mrs. Jack of Uncle Diddly's nursery rhyme would...

"EURO' the European Union single currency that has turned ten, on January 2009, is arguably the single most visible symbol of post -war European integration, that enables the free movement of persons and services across national borders. In the...

There is no simple definition in economics of the term ‘‘entrepreneur’’. It is translated from the French word ‘‘to undertake’’, as in someone who undertakes or initiates a project. Thus, entrepreneurs are responsible for the creation of firms...

What is a paypal account? Paypal account is to do Money transaction through Internet. Paypal provide service of Money transfer In Internet instead of using cash or cheques. When we buy any product online paypal serve us instantly to the...

  The pattern of share ownership at company level varies widely. In the UK,  companies ownership is generally described as being widely dispersed among large numbers of shareholders.The largest shareholder often owns 5% or less of the stock aand a...

The degree of discretion that senior executive managers have in setting objectives is limited by both external and internal constraints. External constraints arise from the active market in company shares while internal constraints arise from the...

Behavioural theories of the firm, while based on the divorce between ownership and control, also postulate that the internal structures of a firm and how various groups interact could influence a firm’s objectives. Behavioural theories set out to...

The economist’s concepts of costs do not necessarily coincide with the cost concepts used by businesses or accountants: for accounting, costs are only incurred where a ledger entry is required because money has been spent; and for economists, the...