Different ingredients of CRM that contribute towards the efficiency of a business process Consumer relationship management, or CRM, is the central mechanism through which a company or other organisation manages its contacts with its clientele by analysing massive volumes of customer data. It entails a wide range of factors crucial to the effective management of … Read more
Advantages and Disadvantages of Microfinance What is Microfinance? Microfinance is a type of banking service that is supplied to those with low incomes who do not have collateral, and as a result, they have limited access to financial services. People with low incomes, both individuals and groups, often end up taking out loans for relatively … Read more
Difference between Traditional Financing and Micro Financing Traditional financing The term “traditional finance” refers to loans that are obtained by engaging a bank or any other type of financial organisation as the lending source. Traditional financing can refer to a wide variety of various loan kinds; nevertheless, the term “traditional financing” is most commonly used … Read more
Types of Productivity in Operation Management Productivity in operation management Productivity in operation management is the ability of a business or organisation to do activities more effectively. This can be achieved through a variety of methods, such as cutting costs, enhancing quality and efficiency, and enhancing customer service. Companies should explore using new technologies that … Read more
Qualitative sociology can be defined as: A. In-depth interviews, focus groups, and/or analysis of content sources as the source of its data. B. Virtual interactivity, online polls, and online gaming. C. Door to door sales pitches, cold calls, and press conferences. D. Statistical methods such as surveys with large numbers of participants. The correct answer … Read more
Which of the following is not a creative thinking exercise entrepreneurs use to generate ideas? A. Challenge the Usual B. Judge Each Idea as Realistic or Not C. Draw Idea Maps D. Think Backward View Answer Also view: An important feature of Emergency operation plans is that they
Business law, also known as mercantile law or commercial law, is a body of rules and laws that regulates business organisations and other actions concerning commercial affairs. All laws that offer instructions on how to establish and operate a business legally are included in the field of business law. The laws and regulations that control … Read more
What are the Functions of Business Law? Business law is a set of rules, regulations, and principles that governs the activities of a business. Business laws depict the backbone of an organization about the business process. Every nation has its own kind of business law for operating its business. Some examples of business law include … Read more
The world is rushing towards new and better technology every day and that is amazing. However, it can be life-threatening issues somehow if we misuse them. As seen recently Optus hack in Australia gives rise to be very careful about the use of technology and aware of how to be secured. Internet security is one … Read more
Forces Affecting Organization Environment Relationships Executives are responsible for making strategic decisions for their companies based on the external environment in which the company operates. For instance, environments frequently place significant limitations on the aims that a business can pursue. A corporation that sets a target to raise sales by 50 per cent may find … Read more
Management Information system Management Information system (MIS) Definition An Information system that consists of people, software and databases is known as Management Information System. MIS is used by organizations for making decisions, records, analysis, and control over management. It supports data collection, analysis of data and providing support to management. Management Information System Overview A … Read more
Dynamic pricing is a pricing system that changes based on the demand for a product. The price changes can be done in real-time, or they can be programmed ahead of time. Dynamic pricing is used by companies to maximize profits and reduce losses by adjusting the price of goods according to what consumers are willing … Read more
Supply Chain Management Competition When it comes to supply chain management, competitiveness refers to the degree to which demand and supply are able to be matched within a competitive environment. When there is a decrease in demand or an excess supply in the market place, companies will need to offer dropping prices or improving quality … Read more
Supply Chain Management Definition The term “supply chain management” (SCM) refers to the management of the flow of goods and services, which includes all the intermediate processes which transform raw materials into finished products or services that can be delivered to end customers. SCM can be defined as “the management of the flow of goods … Read more
What is Management? Management can be an art, a science, or even an activity. However, to define it more precisely, we can say that it is the process of planning, making decisions, organising, leading, motivating, and controlling the natural, financial, physical, technological, and human resources of an organisation (whether it be private, public, or non-profit) … Read more
An important feature of Emergency operation plans is that they: A. are available electronically and may be updated throughout the incident. B. provide a uniform response to all hazards that a community may face. C. are specifically tailored to recovery and contingency plans. D. may be used in place of the National Incident Management System. Answer: B. provide … Read more