Basically the types of forecasting techniques used are quantitative forecasting technique and qualitative forecasting technique. The explanatory variables used by the protrusion of the historical data during the time of forecas…
Basically the types of forecasting techniques used are quantitative forecasting technique and qualitative forecasting technique. The explanatory variables used by the protrusion of the historical data during the time of forecas…
The features common to all types of forecasts is that the techniques assume some underlying causal system that existed in the past through anticipation about the future could be made. Forecasts are not perfect because the resul…
The act of creating goods and services is production whereas the set of activities that creates goods and services by transforming inputs into outputs is operation management. This is why, the study of operation management is y…
Yes, the statement is true as the perception of the individual may differ from one other. The way the people think about the product may be different. As the success of the business depend upon the highly use of the product by …
The main focus of every business firm is to maximize profit and to reduce the cost as well. No matter how big the business firm is or how small it be, the firm cannot ignore the factors like costs of production, wages, availabl…
Any product, either be good or services that satisfies end users is quality. Wegmans Food Markets, premier grocery chains in US, operating over 70 stores, are successful in providing quality as well as good service …
Leadership style: A style of providing direction to people, implementing plans that are set and finally motivating them to meet Organizational objectives and goals. (Leadership style) No one style of leadership fits all situa…
BNQA stands for “Baldrige National Quality Award”, named after Balcome Baldrige. The Malcolm Baldrige National Quality Award was established by Congress in 1987 to enhance US competitiveness by promoting quality awareness, …
Resonance is characterized by the concentration of the psychological bond that customers have with the brand and their level of engagement with the brand. For example, I have a good resonance of Apple but the passes from variou…
In regards to maintaining customer based brand equity Samsung is one in electronic goods. Samsung has been investing heavily in brand loyalty and not just marketing. One of the major competitor of Samsung is Apple but in today…