Contract is a binding agreement which is enforceable by law. It exists between two or more parties. Outsourcing involves transferring some of the tasks to the outside company and generally makes use of a...

Both outsourcing and offshoring deals with the activities which are being performed externally. If the work is being done within domestic limits, it is known outsourcing and if the activities are being...

The companies can be differentiated on the basis of power to offer their securities to the general public. A company who is permitted to sale the securities to general public is referred to as a public company...

The key difference between the two is that, the term ‘price’ is defined as the amount that the customers pay for a product, whereas the term ‘cost’ is defined as the amount spent by a business in making a...

Authority and Responsibility are two sides of the same coin. The term ‘authority’ stands for power or rights assigned to an individual to make decisions, whereas ‘responsibility’ is a duty to maintain and...