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The process of individual behaviour can be understood by three models: Basic model of behaviour Stimulus Response model of behaviour MARS model of behaviour 1. Basic Model of behaviour This model shows that: The behaviour process is similar for all people. Actual behaviour... read more

organizational behaviour

January 12, 2018

Scientific Management Approach Scientific management approach was developed by F.W. Taylor at the beginning of the 20th century. This theory supported the use of certain steps in scientifically studying each element of a job, selecting and training the best workers for the job arid making sure that the workers follow... read more

organizational behaviour

January 12, 2018

Organizational behaviour offers several ideas to management as to how human factor should be properly emphasized to achieve organizational objectives. Organizational behaviour provides opportunity to management to analyse human behaviour and prescribe means for shaping it to a direction. Organizational behaviour ... read more

organizational behaviour

January 12, 2018

Analysis of Data:​ Correlation: In statistics and probability theory, correlation means how closely related two sets of data are.  Correlation does not always mean that one causes the other. It is very possible that there is a third factor involved.  Correlation usually has one of two directions. ... read more

business research methods

January 08, 2018

The price elasticity of demand is not the similar for all commodities. It might be or low depending upon number of factor. These factors which effect price elasticity of demand, in short-term, are as below: Nature of Commodities: In developed countries of the world, the per capital income of the individuals is ge... read more

business economics

January 08, 2018

The term source indicates that the place of thing from where something emerges or come into existences. Source means origin of law. The source of law is relating to its validity. There is no unanimous view in respect of source of law among the thinkers. Here are five major sources of law which are discussed here under. ... read more

business law

January 08, 2018

Nature and Scope of Marketing: Marketing is an ancient art & is everywhere. Formally or informally, people & organizations engage in a vast number of activities that could be called marketing. Good marketing has become an increasingly vital ingredient for business success. It is embedded in everything we... read more

marketing management

January 08, 2018

Capital market is a marketplace where buyers and sellers involve in trade of financial securities like bonds, stocks, etc. The buying or selling is undertaken by participants such as individuals and institutions. Capital market consists of Primary Market and Secondary Market. Primary Market: Pr... read more

investment analysis

January 08, 2018

Making a decision is a critical part of any business project. A business proprietor can make firm decisions and stand by them, only when he is aware of the backgrounds of his marketplace. Laterally with the internal factors about your business, you also need to have broad understanding about the external factors affectin... read more

business research methods

January 08, 2018

Following are the determinants of effective capacity: Facilities: The size and provision for growth are key in the design of facilities. Other facility influences include locational factors (distance to market, transportation costs, labor supply, energy sources). The design of the work area can determine how effi... read more

operations management

January 08, 2018

Following points must kept in mind while presenting Research Data; Tables and graphs: When significant amounts of quantitative data are presented in a report or publication, it is most effective to use tables and/or graphs. Tables permit the actual numbers to be seen most clearly, while graphs are superior for sh... read more

business research methods

January 07, 2018

Agency problem can be considered as: Managers Vs Owners Creditors Vs Owners Senior management Vs Junior management Owners Vs Other parties Brief discussion of each category of agency problem is specified below: 1. Managers Vs Owners: In situation of joint stock company ownersh... read more

corporate finance

January 07, 2018

The market value of land and buildings usually represents fair value, assuming existing use and line of business. Such valuations are usually carried out by professionally qualified valuers.   Most importantly, when an item of property, plant and equipment is revalued, the whole class of assets to which it ... read more

financial management

January 06, 2018

Recording, Classification and Reporting of Property Plant and Equipment / Fixed Assets is governed by IAS 16 – Property Plant and Equipment IAS 16, Property Plant and Equipment This standard covers all aspects of accounting for property, plant and equipment. This represents the bulk of items which are &ldqu... read more

financial accounting

January 06, 2018

Financial mediators perform a significant role in the development process, mainly through their role in allocating resources to their maximum productive uses. More efficient financial markets aid economic agents trade, hedge, pool risk, raising investment and economic growth. Financial institutions provide consumers and ... read more

corporate finance

January 03, 2018

The various stages in New Product Development are: Generating New Product Ideas Idea Screening Concept Testing Business or Market Analysis Estimating the Demand for New Product Actual Development of the Product Market Test Test Marketing Commercialization.  ... read more

marketing management

January 03, 2018

Developing new products or modifying existing products so they appear new, and offering those products to current or new markets is the definition of product development strategy. There is nothing simple about the process. It requires keen attention to competitors and customer needs now and in the future, the ability to ... read more

marketing management

January 03, 2018

Product Life Cycle: The period over which a product is developed, brought to market and eventually removed from the market. First, the idea for a product undergoes research and development. If the idea is determined to be feasible and potentially profitable, the product will be produced, marketed and rolled out. Assu... read more

marketing management

January 03, 2018

The various channel management problems in rural marketing are; Multiple tiers, Higher Cost and Administration Problems: The distribution chain in the rural context requires many tiers as compared to the urban context. In the rural context, at the minimum level the chain needs the village shopkeeper, the wholesal... read more

marketing management

January 03, 2018

Though rural markets are a huge attraction to marketers, it is not easy to enter the market and take a sizeable share of the market, in the short time due to the following reasons. Low Literacy There are not enough opportunities for education in rural areas. The literacy level is as low (36%) when compared to all... read more

marketing management

January 03, 2018

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