Marketing and Business Operations: Key Concepts
Market Definition and Research
A market is a set of activities for the sale of a product, undertaken by vendors and buyers, involving the product, enterprise, and consumer.
Market Investigation involves six phases:
- Define the purpose of research for the target audience and the desired outcome.
- Design the research model, including how it will be carried out.
- Collect survey data from the target population.
- Classify and structure the collected data.
- Analyze and interpret the data.
- Present the findings.
Research
Read MoreAdministrative Functions, Structure, Coordination, and Participation in Organizations
Administrative Functions
Administrative functions are divided into four sections: planning, organization, direction, and control.
- Planning is a decision-making process that involves determining objectives and selecting the actions that the organization should pursue to achieve them.
- Organization: Once the objectives and the methods to achieve them are determined, it’s crucial to consider the available material and human resources. This includes clearly defining job descriptions, power distribution,
Understanding Key Concepts in Logistics and Transportation
1
Warehousing
2.Vendor 3.Custom 4.Management 5.To ship 6.Cargo 7.Means 8.Crane 9.Vessel 10. 11.Consolidation 12.To collect 13.Damage 14.Handling 15.Chandler
II. 1
He asked if
That investement would be really cost effective
2. He said that the freight forwarder had rrcommended another means
Of transport
3.he announced that
They were going to offer a discount
4. They
Told him to investigate that route
IV – 1
We cannot
Deal with these businessmen whose officed are not in major cities
. 2
I like that workplace
Read MoreEmployee Motivation and Business Strategies: A Case Study
Paper 1
1. (a)
(i) Hourly Wage Rate Definition
By hourly wage rate, we mean that employees are paid according to the amount of hours that they spend working. By high, we mean that employees are paid significant amounts of money, or that the wages are higher than in other companies.
(ii) Impact of Piece Rate on Employees and Mr. Singh’s Business
His employees: It will benefit them since the money they earn will be more closely associated with their effort, which gives them an opportunity to work faster
Read MoreUnderstanding Active Operations and Loan Types in Banking
Active Operations of Credit Institutions
The active operations of credit institutions involve providing resources to customers who agree to return those resources plus interest. Any operational assets are reflected in a contract. The most common active operations are operations of commercial discounts, loans, and credits. Other operations include bank guarantees.
The discounted cash settlement is used to calculate the total operating cost of a discount. The total cost of the settlement consists of
Read MoreEffective Negotiation Strategies and Decision-Making in Management
Negotiations: A Means of Resolving Conflict
Negotiations are a process in which a decision is taken jointly by two or more parties. These parties first express their conflicting demands, then try to reach an agreement through the implementation of concessions and the search for alternative solutions.
The aim of negotiation is to reach the best deal, not just any agreement. Characteristics of the negotiation process are:
- Existence of a conflict of interest that will be resolved through verbal interaction.