Clik here to view.
Explain Benefits or Importance of Inventory Control
Explain Benefits or Importance of Inventory Control Following image briefly explains benefits or importance of inventory control.The benefits or importance of inventory control is listed in following...
View ArticleClik here to view.
Interdependence of Production and Marketing in Business
Interdependence of Production and Marketing The most crucial and fundamental function of business is to:First produce/provide some goods and/or services, and then Market and/or target the same to the...
View ArticleClik here to view.
What is Debit Card? Definition Meaning
What is Debit Card? Definition Debit card can be defined either in a simple way or detailed manner depending on how it is perceived with respect to different senses of finance. Following statements...
View ArticleClik here to view.
What are Advantages of Debit Card?
What are Advantages of Debit Card? The ten main advantages of debit card are depicted in the following image.The important benefits or advantages of debit card are briefly listed below:Debit card acts...
View ArticleClik here to view.
Changing Concept of Business from Profit to Environment
Changing Concept of Business Concept of business implies the intention of doing a business. In other words, it means the purpose for which a business is being carried on.Since last few decades, there...
View ArticleClik here to view.
What is Advertising? Etymology Definition Meaning of Advertising
Etymology of Advertising Etymology means a study of origin, evolution and history of words.‘Advertise’ is a verb form of English word ‘Advertising’. It has its origin in a classical Latin word...
View ArticleClik here to view.
Factors Responsible for Changing Concept of Business
Factors Responsible for Changing Concept of Business Image below depicts factors responsible for changing concept of business.Seven main factors responsible for changing concept of business:Growing...
View ArticleClik here to view.
Importance of Advertising - Why Advertising is Important?
Importance of Advertising The importance of advertising is depicted in the following image.The significance or importance of advertising in business is as follows:Crucial for a launch or announcement....
View ArticleClik here to view.
Features of Marketing Information System MIS
Features of Marketing Information System MIS The main characteristics or features of Marketing Information System (MIS):Image credits © Prof. Mudit Katyani.Continuous system : MIS is a permanent and...
View ArticleClik here to view.
4 Main Components of Marketing Information System (MIS)
Components of Marketing Information System MIS Marketing Information System (MIS) collects, analyses, and supplies a lot of relevant information to the marketing managers. It is a valuable tool for...
View ArticleClik here to view.
Essential Requisites of a Good MIS
Essential Requisites of a Good MIS The following image depicts the eight essential requisites of a good MIS.Image credits © Prof. Mudit Katyani.The essentials of a good Marketing Information System...
View ArticleClik here to view.
Distinguish Between MIS and Marketing Research (MR)
Distinguish Between MIS and Marketing Research (MR) Following image depicts the ten main points which are used to make a comparison or distinction between MIS and Marketing Research (MR).Image credits...
View ArticleClik here to view.
What is Marketing Audit? Definition Meaning
Definition of Marketing Audit The definition of marketing audit as stated by Abe Schuchman is as follows:“Marketing audit is a systematic, critical and impartial review and appraisal of the total...
View ArticleClik here to view.
Production Standards Meaning Definition Advantages Demerits
Meaning of Production Standards Production standard is a criterion or yardstick or benchmark. It is used for measuring the production of the company.Production standards are fixed for raw materials,...
View ArticleClik here to view.
Explain the Characteristics of Marketing Audit
Explain the Characteristics of Marketing Audit The eight important characteristics of marketing audit are depicted below.The salient features or characteristics of marketing audit are as...
View ArticleClik here to view.
Scope, Areas or Types of Marketing Audit
Scope, Areas or Types of Marketing Audit There are no fixed guidelines regarding the scope, areas or types of marketing audit. In other words, the scope of marketing audit is not fixed. It changes...
View ArticleClik here to view.
Methods of Conducting a Marketing Audit
Methods of Conducting a Marketing Audit Marketing audit is an examination of the marketing activities of company. It must be conducted by impartial persons.Auditors must be properly qualified, trained...
View ArticleClik here to view.
Standards Required at Various Levels of Production
Standards Required at Various Levels of Production Standards are fixed at various levels of production. This is done to ensure some minimum expected output in the production process. Standards are...
View ArticleClik here to view.
Work Measurement - Definition Meaning Purpose Objectives
Definition of Work Measurement According to International Labour Organization“Work measurement is the application of techniques designed to establish the time taken for a qualified worker to carry out...
View ArticleClik here to view.
Work Measurement Techniques Methods Types
Work Measurement Techniques Image depicts different work measurement techniques, methods or types.Work measurement techniques are listed below:Historical data method - It uses the past performance...
View Article