Businesses run smoothly based on the decisions and work conducted by administrators. In a poll by the Association of MBA’s 1300 respondents suggested that the reason they took an MBA was as follows: To obtain a business qualification (82{b551ef939ae9cc6aca26b785053ba99a11313cb0277fd75f700e8dd21159af22}); To improve job opportunities (79{b551ef939ae9cc6aca26b785053ba99a11313cb0277fd75f700e8dd21159af22}); For Intellectual stimulation (70{b551ef939ae9cc6aca26b785053ba99a11313cb0277fd75f700e8dd21159af22}); To increase salary (67{b551ef939ae9cc6aca26b785053ba99a11313cb0277fd75f700e8dd21159af22}) To obtain general skills (64{b551ef939ae9cc6aca26b785053ba99a11313cb0277fd75f700e8dd21159af22}); To change career direction (61{b551ef939ae9cc6aca26b785053ba99a11313cb0277fd75f700e8dd21159af22}); and, To increase self-confidence (52{b551ef939ae9cc6aca26b785053ba99a11313cb0277fd75f700e8dd21159af22}).business administration

With ever more demanding and less loyal customer, global sourcing to low cost countries, lessening profit margins and shortening of product life cycles, firms across the world have taken cost reduction in a big way to stay competitive and at the same time maintain the expected service level to the customers.

Taking up a course in business education would mean that several avenues of specialization open for you, as you would be able to specialize in finance, accounting, legal management, human resource management, accounting, entrepreneurship, real estate, supply and operations management, tourism management, administration

The point of total assumption (PTA) is a point on the cost line of the Profit-cost curve determined by the contract elements associated with a fixed price plus incentive-Firm Target (FPI) contract above which the seller effectively bears all the costs of a cost administration

A buyer (i.e. an individual at a company that has determined a need for a particular product) will develop a document that lists the need (i.e. the type of product they need and why), specifications, the bidding process (how the process will work and how suppliers will be scored), rules for the bidding process, and other factors.