All the elements involved in communication which constitute the communication process are a) sender b) receiver c) message c) encoding d) decoding e) channel f) noise g) feedback.The following brief discussion explains the process of communication.Sender: The point from where the message originated, here the boss, is the sender. … Read more

Target costing is a pricing method used by firms. It is defined as "a cost management tool for reducing the overall cost of a product over its entire life-cycle with the help of production, engineering, research and design". A target cost is the maximum … Read more

A contract is an agreement that can be enforceable by law.   An agreement is  an offer and its acceptance.  An agreement which can be enforceable by law must have some essential elements. According to Section 10 "All agreements are contracts if they are made by the free consent of the parties competent to contract, for a lawful consideration … Read more