Retail Shrinkage – What causes shrinkage in retail? | Ways to Minimize Retail Shrink

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Retail Shrinkage

Retail Shrinkage | What causes shrinkage in retail? | Ways to Minimize Retail Shrink | Operations Management  Retail Shrink Retail Shrink is the term that is used to define the situation where loss of inventory takes place because of various factors like errors conducted by administration, employees and customers theft, process failures, return fraud, etc. … Read more

Organizational Communication – Principles of Management | BBA Notes

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Organizational Communication

Organizational Communication | Characteristics of Organizational Communication  |  Principles of Management | BBA Notes   Organizational Communication is the way in which an organization gives the public and its employees information about its aims and what it is doing. Characteristics of Organizational Communication 1)Segmented Even in small organizations, it is wrong to assume that all … Read more

Termination of Agency – Business Law | Management Notes

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Termination of Agency

Termination of Agency | Termination of Agency by acts of the parties | By the operation of the law agency’s termination | Contract of Agency | Business Law | Management Notes   Termination of agency implies the end of the relationship between the principal and agent. There are several modes of termination of agency. The … Read more

Rights of principal – Business Law | BBA Notes

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Rights of principal

Rights of principal | Business Law | BBA Notes There are following rights of the principal against his agent:  Right to revoke agent: In case, where the agent commits fraud or uses excess authority or deceives his, the principal has the right to revoke him before the commencement of the work. The revocation discharges the … Read more

Duties of agent – Business Law | BBA Notes

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Principles of Span of Control

Duties of agent | Business Law | BBA Notes The agent performs work on behalf of the principal. Therefore, an agent has the following duties towards the principal. NCA, 2056 in Section 59 has made some provisions to this regard. 1) Duty to follow the principal’s instruction:  It is the duty of every agent is … Read more

Mode of creating Agency – Business Law | BBA Notes

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Mode of creating Agency

Mode of creating Agency

There are several modes for creating agency or agency can be created in any one of the following ways.

Agency by express agreement

Normally agency is created by an express agreement, specifying the scope of the authority of the agent. The term express comprises both the words of mouth and an agreement in written form. Most of the agencies are created orally in a large number of business transactions. But in Nepal, the agency must be created in a written form and it is necessary to register in the prescribed governmental office.

There is no particular form is designed for appointing an agent. When a power of attorney is given to another person, an express agency is created and the agent enables to perform the work on behalf of the principal. The authority of the power of attorney may be different in accordance with the terms and conditions of that document. 

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Features of Organizational Communication | Principles of Management

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Features of Organizational Communication

Features/Characteristics/Nature of Organizational communication | Principles Of Management Organizational Communication is the process by which different activities of an organization are controlled and co-ordinated to reach toward goals. Simply we can say ,it is the way of exchanging ideas ,meaning and understanding between two or more than two people either through verbal means or through … Read more

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