Management Concepts : 10 Things You Should Know Before You Start Your Day


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MANAGEMENT

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Missed checking out yesterday’s Management gyan? The Day 3 Management Gyan covered few basic concepts which can be read in less than 2 minutes.

This section of ‘Key Concepts’ is updated regularly so that you can read and learn 10 management concepts everyday in easiest way possible.

Here we present Management Concepts : 10 Things You Should Know Before You Start Your Day:

  1. Command and Control – giving orders and seeing that they are obeyed
  2. Cost center – expenditure clubbed by a named center
  3. Credit card – personal credit agreed upto certain limit on approved purchases from approved dealers
  4. Credit terms – extent to which credit is allowed on transaction
  5. Culture – stabilized values at any time in defined area such as group, organization, nation etc.
  6. Data mining – digging past experience through computer dedicated system
  7. Deadline – fixed time line which one cannot afford to cross
  8. Debit cards – authorizing debiting one’s bank account after purchase
  9. Debtors – one who owe on sales
  10. Decision system – systematic clubbing of decisions
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BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]

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