Market Segmentation; Introduction, Definition, Benefits, and Criteria
What is Market Segmentation? Introduction; The economists while describing pure competition assume that all buyers are alike and consumer behavior is unidimensional based on the concept of economic man model.…
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Do you want to know What is the History of Production Management?
Production Management has become an empirical applied science. History of Production Management; If we assess the past, covering a period of 200 years after Adam Smith, it can observe that…
Top 12 Scope of Production Management; Explain Each!
The scope of production management is indeed vast. Commencing with the selection of location, production management covers such activities as the acquisition of land, constructing the building, procuring and installing…
Production Management; Introduction, Meaning, and Function
Production management is the management of an organization’s production systems, which converts inputs into the desired product and services. As they define; “Production Management is the process of effective planning…
Communication; Introduction, Meaning, and Definition
Introduction; Communication is important from the point of view of understanding it in terms of a process, system, interactional base, and structuring. There are various objectives of communication in business…
Business Economics; Definition, Nature, Scope, and Importance
Business Economics, also know as Managerial Economics, is the application of economic theory and methodology to business. Business economics is, thus, apply economics. Economics is the study of human beings…
Organisational Behaviour: Elements, Nature, and Importance
Organisational behaviour is generally confused with organisational theory, organisational psychology, and human resource management. Organisational psychology restricts itself to psychological factors only whereas organizational behavior considers and combines all the…