What Are The M7 Business Schools? Why Those Are Elite? With Ranking
M7 stands for ‘Magnificent Seven’ or ‘Magic Seven’ Business Schools, which are well-reputed as elite business schools in the United States.
M7 stands for ‘Magnificent Seven’ or ‘Magic Seven’ Business Schools, which are well-reputed as elite business schools in the United States.
A Master of Business Administration (MBA) is a qualification that equips theoretical and practical training to improve business knowledge.
There are four commonly accepted functions of management as following.
1) Planning.
2) Organizing.
3) Leading.
4) Controlling.
Diseconomies of scale are which the company experiences an increase in average unit cost when the production output increases.
The Societal Marketing Concept states that corporates should offer products and services which satisfy the needs of their consumers, company requirements and maintains the well-being of the society at large.
Difference between Vertical Integration & Horizontal Integration
Horizontal Integration is where two companies in the same industry merge together.
Vertical integration is where the company obtains the ownership and control of more than one stage of the supply chain.
Differences between Forward Integration and Backward Integration
Backward integration is a strategy where the company gains control of the business activities that were behind in their value chain.