The penetration rates of health and other non-life insurances in India is well below the international level. These facts indicate immense growth potential of the insurance sector. The contribution of the private insurers in various industry segments has increased on account of both their capturing a part of the business which was earlier underwritten by …
Insurance is a cover used for protecting oneself from the risk of a financial loss. It is important to understand that risk is a part of any person’s life and that it increases as a person increases in age, responsibility and wealth. Insurance is risk coverage against financial losses and should not be taken as …
A form of insurance mainly concerned with protecting the policyholder from loss or damage caused by specific risks. Examples include Property/Casualty Insurance, Health/ Disability Insurance Business/ Commercial Insurance. This article provide information about non-life insurance and some of its types. Format: HTML | Size: — Source: Bajajcapital Read This Article
International trade is the exchange of goods and services across international boundaries or territories. In most countries, it represents a significant share of GDP. While international trade has been present throughout much of history, its economic, social, and political importance has been on the rise in recent centuries. Industrialization, advanced transportation, globalization, multinational corporations, and …
Comparative advantage exists when a country has a margin of superiority in the production of a good or service i.e. where the opportunity cost of production is lower. The basic theory of comparative advantage was developed by David Ricardo. Ricardo’s theory of comparative advantage was further developed by Heckscher, Ohlin and Samuelson. Format: HTML | …
The success of international business relationships depends on effective business negotiations. Negotiators need to be well prepared. Understanding how to achieve international business negotiation outcomes and the factors relevant to the process will allow negotiators to be more successful. Based on theories of negotiation with a cultural focus, this study focuses on the dimensions of …
The impact of international business in domestic markets compels us to ask a question: “How can we survive in this global playing field, and what can we do to run our businesses more effectively?” Nowadays, businesses of all sizes search for suppliers and customers on a global level. International competition, foreign clients and suppliers may …
It is said that over two-thirds of the effectiveness of negotiation is determined by non verbal communication. Body language can therefore frequently provide valuable insight into a person’s feelings and attitudes. Gestures and facial expressions can communicate diverse emotions and attitudes. They are, however, often misleading due to the marked cultural differences in the use …
Harmony between man and environment is the essence of healthy life and growth. Therefore, maintenance of ecological balance and a pristine environment has been of utmost importance to NTPC. It has been taking various measures discussed below for mitigation of environment pollution due to power generation. Format: HTML | Size: — Source: NTPC Read This …
The Environmental Management System (EMS) is part of a management system of an organization (enterprise, authority, etc.), in which specific competencies, behaviours, procedures and demands for the implementation of an operational environmental policy of the organization are defined. Contents 1 Legislation and standards 2 Benefits 2.1 Financial 2.2 Operational and Internal 2.3 External Format: HTML …