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
To attain macroeconomic objectives and foster sustainable economic growth, national central banks use policies known as monetary policy or demand-side economic policy, respectively. To accomplish inflation, consumer growth, and liquidity targets, governments sometimes employ monetary policy, which entails controlling the money supply and interest rates. It has both expanding and contracting properties. Commonly, central banks … Read more
What would be the most appropriate security mechanisms for IaaS, PaaS, and SaaS service models? IaaS is a cloud computing architecture that delivers computing, network, and storage resources via the internet using a scalable subscription model. It is a basic cloud platform that may be used to develop or supplement platforms as a service (PaaS) … Read more
Differentiate Fixed Pricing and Dynamic Pricing? The difference between fixed pricing and dynamic pricing are: Fixed Pricing: When a service is provided at a defined price that clients can accept or reject, this is referred to as fixed pricing. In accordance with the fixed price policy, businesses will hold deals on products that are likely … Read more
Why predictive analytics is important? Predictive analytics is important because it enables businesses and organisations to forecast likely outcomes at a scale that was previously impractical by using real data to inform their decisions. Whether an organisation succeeds or fails depends on its capacity to properly plan, forecast, and carry out operations while satisfying the … Read more
MCQ on Control and Protection 4 1. The acting contacts for circuit breakers are made of: a. stainless steel b. hard press iron c. copper tungsten alloy d. porcelain View Answer 2. A fuse wire should have : a. Low specific resistance and high melting point b. High specific resistance and low melting point c. … Read more
What is A Circuit Breaker? A circuit breaker is equipment that helps to protect the electrical devices from damage during abnormal conditions by interrupting the fault current or short circuit. Its basic function in an electrical path is to detect an abnormal condition and discontinue electrical flow. A circuit breaker is easier to use since … Read more
MCQ on Control and Protection 3 1. For the protection of stator winding of an alternate against internal fault involving ground the relay used is a: A. Biased differential relay B. Directional over-current relay C. Plain impedance relay D. Buchholz relay View Answer 2. The least expensive protection for over current in low-voltage system is: … Read more
MCQ on Control and Protection 2 1. Which of the following circuit breakers is preferred for EHT (Extra High Tension) applications? a. Air blast circuit breakers b. Bulk oil circuit breakers c. Minimum oil circuit breakers d. SF6, oil circuit breakers View Answer 2. Interrupting medium in a contactor may be a. Air b. Oil … Read more
1. Relay contacts are normally made up of: a) Silver contactsb) Copper contactsd) Lead contactsc) Aluminum contacts View Answer 2.Sparking between the contacts can be reduced by inserting: a) A capacitor in parallel with the contactsb) A capacitor in series with the contactsc) A resistor in the lined) A reactor in the line View Answer … Read more
Are well-established firms or new entrants more likely to a) develop and/or b) adopt new technologies? What are some reasons for your choice? Firms that are new entrants are more inclined to develop or embrace new technologies that are already existing or being utilised in the market because employing previously existing technology might help the new … Read more
Could firms identify people with greater capacity for creativity or inventiveness in their hiring procedures? Yes, when individuals and businesses take part in formal or informal innovation networks, they engage with new information and ideas. As knowledge expands, more recombination opportunities develop. With the demand for innovation in modern enterprises, it is more crucial than ever to … Read more