Social contract theory is an ancient philosophical idea that states that an individual's ethical and political obligations relate to an agreement he has with every other individual within a society.

A century ago, letting businesses send packages through the mail was a revolutionary idea. Although Ben Franklin became America's first postmaster, the post office didn't let Americans or American ...

Marketing is a broad business function that includes product research and development, merchandising and distribution processes and pricing, as well as communication or promotion. The communication ...

In organizational behavior and industrial psychology, proactivity means anticipatory behavior, taking control of situations and initiating actions to make changes. A proactive stance, as opposed to a ...

Rules that govern one company's purchase of another company are part of the U.S. Federal Tax Laws. The laws are so complex that most businesses use the assistance of a business tax lawyer to decipher ...

A consignment store is a kind of resale shop that acts as a seller's agent, rather than purchasing used goods. The seller gives the property, often clothing or furniture, to the consignment store to ...

Government grants are available for day-care providers who need financial assistance for their operations. Day-care operators can apply for money to cover construction and renovation projects, ...

Product extension is the strategy of placing an established product's brand name on a new product that is in the same category. Small companies can deploy the practice in the same way that large firms ...

POM stands for production and operations management. This division within business leadership transforms a company's inputs, including raw materials and product designs, into outputs or finished ...

Most people spend a great deal of their weekdays at their offices or job sites. It's not surprising, then, that employees face ethical dilemmas there. Several of these dilemmas pop up on a regular ...

Conformity in the workplace refers to following workplace rules as well as adhering to traditional or socially expected methods of doing business and using familiar processes. Examples of conformity ...

All businesses, large and small, fall into one of five basic structures that define how it is organized, how it operates and how it handles things such as taxes and liability. Each structure contains ...