Answer: The theory of constraints (TOC) is a management paradigm that views any manageable system as being limited in achieving more of its goals by a very small number of constraints. There is always at least one constraint, and TOC uses a focusing process to identify the constraint and restructure the rest of the organization around it. Read the rest of this entry →
Answer: The six—step approach that helps an organization perform effective forecasting are follows as:
Rule 1: Deï¬ne a Cone of Uncertainty: As a decision maker, you ultimately have to rely on your intuition and judgment. There’s no getting around that in a world of uncertainty. But effective forecasting provides essential context that informs your intuition. Read the rest of this entry →
Answer: The effects of Global Competition on the industries in India are follows as,
As the greatest hope for growth in the global economy for the past two years, the emerging markets have become the darlings of the financial press and a favorite talking point of C-suite executives worldwide. Once attractive only for their natural resources or as a source of cheap labor and low-cost manufacturing, emerging markets are now seen as promising markets in their own right. Read the rest of this entry →
Answer: The main sources of modern Indian Law, as administered by Indian courts, may be divided into two broad categories:
(i) Primary sources and,
(ii) Secondary sources.
Secondary sources of Indian law
Answer. There are several ways on how you can identify the kind of research papers. If you are considering the manner on how you analyze your researched data, the two types of research are quantitative research paper and qualitative. Meanwhile, if you are taking into account the type of voice you are using in discussing your information, the two fundamental kinds of research paper are informative paper and Read the rest of this entry →
Descriptive research is commonly used in social sciences to study characteristics or phenomenons. Also known as statistical research, researchers look into the frequency, average or other qualitative methods to understand a subject being studied. It involves case studies, observation, survey and archival research. You can use descriptive research to find out the prevalence of an illness in a certain demographic area Read the rest of this entry →
Answer. Scientific research involves a systematic process that focuses on being objective and gathering a multitude of information for analysis so that the researcher can come to a conclusion. This process is used in all research and evaluation projects, regardless of the research method (scientific method of inquiry, evaluation research, or action research). Read the rest of this entry →
Answer:-
1 Business & Finance
2 Businesses and Industry
3 Marketing Advertising and Sales
RBI had set up a committee on harmonization of relationship between DFIs and banks, popularly known as ‘Khan Committee’ headed by then chairman of IDBI. Read the rest of this entry →
Lump-sum turnkey (LSTK) EPC contracting is now popular world-wide as a project delivery system for large process and power facilities. Examples are steel mills, LNG facilities, petroleum and petrochemical facilities and power plants. It is also being adopted for large infrastructure developments such as airports, water
treatment facilities and telecommunication systems. Read the rest of this entry →
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Applications for admission into the Distance Learning Programmes offered by SMU—DE need to be made at any of the Authorised Centres.
Please follow the steps below:
Step 1: Decide on the programme you want to pursue. Find programmes
Step 2: Download the prospectus
Step 3: Visit the nearest Authorised Centre. Click Here Read the rest of this entry →
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FEB/AUG SESSION -2013
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Project viva exam & presentation : 15/06/2013, 16/06/2013,
22/06/2013, 23/06/2013
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A service is an activity which has some element of intangibility associated with it, which involves some interaction with customers or with property in their possession, and does not result in a transfer of ownership. A change in condition may occur and production of the service may or may not be closely associated with a physical product. Goods are simply the objects and services are simply the provision of such information of goods by the seller and the buyers. The goods are visible and shall be purchased by the buyers and sold by the sellers, whereas the services are the ones received by the guests and provided by the goods sellers. Read the rest of this entry →
Answer : A joint venture (JV) is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets. There are other types of companies such as JV limited by guarantee, joint ventures limited by guarantee with partners holding shares.
Answer : A license may be granted by a party (“licensor”) to another party (“licensee”) as an element of an agreement between those parties. A shorthand definition of a license is “an authorization (by the licensor) to use the licensed material (by the licensee).”
In particular, a license may be issued by authorities, to allow an activity that would otherwise be forbidden. It may Read the rest of this entry →
Answer : In an era of globalization, one of the challenges that companies face when selling their products abroad is how to set appropriate prices. Most of the same factors used in setting prices in a single country are taken into account when formulating an international pricing strategy, but many factors often are overlooked in national pricing and must be given special attention when moving into global markets.
National Market Size
One of the main factors Read the rest of this entry →
Answer : Letter of credit, in a broad perspective, is one of the payment methods in international trade. Some of the other payment methods in international trade are Cash-in-Advance, Documentary Collections and Open Account. All of these payment methods inherit different risk levels for exporters and importers. Letters of credit is the only payment method, which has a balanced risk structure for both parties. Read the rest of this entry →
Answer : Definition of International Advertising
International advertising entails dissemination of a commercial message to target audiences in more than one country. Target audiences differ from country to country in terms of how they perceive or interpret symbols or stimuli, respond to humour or emotional appeals, as well as in levels of literacy and languages spoken Read the rest of this entry →
Answer : The international business and trade environment is the backbone of global economy. Trade agreements to buying and selling goods and services internationally gives manufacturers in various countries the opportunity to expand beyond the domestic market. Trading across national borders increases sales, creates jobs, balances seasonal fluctuations and provides a variety of products and services. As the global economy continues to strengthen, international trade continues to be in demand.
Answer : EPRG Framework
A firm needs to an appropriate orientation for the world market. While looking for orientation, it is important to understand the EPRG framework.
Dr. Howard V. Perlmutter is a world authority on globalisation and pioneer on the internationalisation of firms, cities and other institutions. Trained as a mechanical engineer and as a social psychologist, Perlmutter joined Wharton’s faculty in 1969. He specialised in the evolution of multinational corporations (MNCs) making predictions to how their viability and legitimacy would change. Read the rest of this entry →
Answer : Email marketing is one of the most powerful methods that you can use whenever you are planning to be successful with Internet marketing. Aside from the fact that you will be able to build rapport without having a lot of problems, email marketing will also give you the chance to deliver the information that you Read the rest of this entry →
Answer : The functional model is a pictorial representation of an organization’s function within its scope. It can also be called as an activity model or a process model. Depending on the activities of e-marketing, the following are the different e-functional models.
A function model or functional model in systems engineering and software engineering is a structured Read the rest of this entry →
Answer : Evaluating Marketing Performance
Organizations use various methods to evaluate marketing key performance indicators (KPIs) or metrics. Marketing Performance Measurement, Marketing Performance Management, Marketing Return on Investment (ROI), Return on Marketing Investment (ROMI), and Accountable Marketing are all metrics that Read the rest of this entry →
Answer : Traditionally the marketing mix is co-ordinate so efficient product, price, promotion and place strategies are developed for products purchased over the counter. The internet is changing the way we sell our products and services. That’s a fact. Consumers now use the internet to research and purchase products/
Answer : This past summer a certain amount of optimism began to reemerge, with talk of “green shoots” and even a potential recovery as the stock market rebounded by 30% from its low in March. That optimism may be misplaced, however. Look at the graph below, which tracks the ratio of U.S. consumers’ debt to their disposable income. While a little off its high point, the number now stands at around 130%. In other Read the rest of this entry →
a. Age-Marketing for Business to Business (B2B) Markets
Answer : Unlike B2C marketing where businesses focus marketing efforts on direct consumers, B2B marketing focuses their marketing efforts on other businesses. With the end goal of selling services or products with businesses as opposed to individual consumers, B2B Internet Marketing has become a major focus for all online marketers.
Answer : Features :
Investing in a robust E-Marketing strategy has become more important than ever before. The companies that succeed are those that successfully anticipate the different types of information that their prospective customers desire and then make it available to them; they will position themselves as industry leaders by being active and influential in areas outside of their website and be available to their target online audience. Read the rest of this entry →
Answer: Sales promotion refers to activities, materials, devices and techniques which are used to supplement the marketing and advertising operations and help to coordinate the advertising with personal selling efforts.Sweepstakes are the most well-known sales promotion tools, but there are also others like samples, instore displays, coupons, promotional discounts, contests, trade shows, price-off deals, premiums, rebates and gift offers. Read the rest of this entry →
Industry is any work that is undertaken for economic gain and that promotes employment. The word may be applied to a wide range of activities, from farming to manufacturing to tourism. It encompasses production at any scale, from the local–sometimes known as cottage industry–to the multinational or transnational.
the transition to an economy based on the large-scale, machine-assisted production of goods by a concentrated, usually urban, population of workers. Manufacturing, which literally means “making by hand”, has come to describe mechanical production in factories, mills, and other industrial plants. Read the rest of this entry →
Answer: Porter suggests that there are five basic competitive forces, which influence the state of competition in an industry. He calls the “structural determinants of the intensity of competition‟, which collectively determine the profit potential of the industry as a whole. Some industries have a bigger profit potential than others, since keener competition means lower profits. These five competitive forces are as follows: Read the rest of this entry →
The various strategies available to a firm when it enters a foreign market are as follows:-
Supplying Products to Foreign Buyers : Foreign production is not always an answer. Foreign markets can be better served by exporting, rather than by creating a foreign subsidiary if there are economies of scale. If large scale production reduces unit cost, it is better to concentrate production in one place. MES is the minimum rate of output at which Average Cost (AC) is minimized. If minimum efficient scale (MES) is not achieved, then export Read the rest of this entry →
General Agreement on Tariff and Trade( GATT):
The GATT, was established on a provisional basis after the Second World War in the wake of other new multilateral institutions dedicated to international economic cooperation — notably the “Britton Woods” institutions now known as the World Bank and the International Monetary Fund. Read the rest of this entry →
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