Benefits-Drawbacks

What Is Horizontal Communication ?Lateral or horizontal communication is a type of communication which is established between different departments, units or people in the organization with the same rank or hierarchical level. Messages and information are exchanged or transmitted among the people at the same level...

What Is Downward Communication ?It is just opposite of upward communication (where message flows from lower to top level of management). Downward communication is a type of communication process in which information, messages, orders and instructions are flow or transmitted vertically down from top management to...

What Is Upward Communication ? It is a type of communication in  which information or message flows vertically from lower level subordinates to upper level management. Upward communication encourages lower level employees to provide suggestions and ideas so the top management can make proper plan and sound decisions....

 What Is Laissez Faire Leadership Style ? It is just opposite of authoritarian leadership style (where authority and power is exercised by the leader only). In laissez faire leadership style, authority is delegated to the employees and they are free to set goals and make decisions. Superiors trust their...

What Is Team Work ?When two or more people work together to complete a specific task or to achieve a common goal is called teamwork. It is known as the  collaborative effort of a group of people to perform a task. In simple words, team work can be defined as an activity of working together to obtain certain objective....

Benefits Or Advantages Of Monopoly The main advantages of monopoly can be described as follows: 1. Supernormal Profit In monopoly, there is only one supplier for the entire market. Company can set selling price of goods freely as per wish. Therefore, monopolies can make supernormal profit. 2. Economies Of Large Scale Only...

Benefits Or Advantages Of Monopolistic Competition The main advantages of monopolistic competition can be described as follows: 1. Easy To Enter And Exit The main benefit of monopolistic competition market structure is that new firm can enter the market without any barriers. Traders can exit or leave the market at any...

Merits Or Advantages Of Perfect Competition The main benefits or advantages of perfect competition can be described as follows: 1. Easy Entry And Exit In perfect competition, business firms or traders can enter the market and start business without any restrictions. They can exit or leave the market at any time without...

Importance and advantages of office management can be expressed as follows: 1. Goal Attainment Office management directs the efforts of all staffs (top level to bottom level) towards the achievement of company's goals and objectives. Planning, organizing, coordinating, directing and controlling are the major functions...

Positive Impacts, Benefits Or Advantages Of Deflation The main advantages of deflation can be expressed as follows: 1. Increase In Purchasing Power Negative inflation or deflation increases the value of money. So, purchasing power increases and price of goods and services decreases. 2. Lower Monthly Budget As we...

Benefits or Advantages Of Inflation Positive impacts or advantages of inflation can be expressed as follows: 1. Beneficial For Investors Price of commodities increases because of inflation. In this situation investors and producers can be benefited because of the increase in the value of stock. 2. Economic Growth Producers...

Major limitations or drawbacks of statistics can be highlighted as follows: 1. No Study Of Individual Items One of the main disadvantages of statistics is that it does not deal with single or isolated items. It deals with the measurement of groups or masses only. So, data and information of single item cannot be obtained. 2....

Air transport is the most safe, quick and comfortable system of carrying people and materials from one place to another. Main advantages and disadvantages of air transport can be described as follows: Advantages Or Benefits Of Air Transport 1. Highest Speed It is fastest among all the means of transportation (i.e. road,...