tag:blogger.com,1999:blog-86792392090555456162024-09-20T23:32:34.606+05:30KALYAN CITY LIFE site regulary keeps tracking and blogging about our vivid memories and life experinces in Kalyan City. Witness with us an informative, pictorial and very well documented realistic inner scenes of Kalyan City. Here we also regularly publish other useful general informatives from around the world.Gaurav Akranihttp://www.blogger.com/profile/06891799097228940728noreply@blogger.comBlogger548125tag:blogger.com,1999:blog-8679239209055545616.post-69411941322228461772016-01-26T07:08:00.000+05:302019-04-19T14:33:40.614+05:30

Marketing Research plays a significant role in helping Government to perform some of its crucial regulatory functions. It provides an up-to-date market-related data to the government and helps it to monitor, plan, coordinate and regulate the entire economy of its area of jurisdiction. The government studies information provided by MR and uses it to understand the market forces, formulating

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Principle of Division of Work In context of this article, let's revise the meaning of following words:Division of something (e.g. an object, a process, work, etc.) means to divide, chop or break it up into smaller parts to facilitate a better understanding, easier handling and operation, and focused observation on a fixed set of goals. It is a way to separate things apart based on

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Principles of Good Layout The twelve features, qualities, or principles of good layout are as follows:Image Credits © Manoj Patil.Focus on dominant element. Unity of all ad parts. Good use of contrast. Right balance of elements. Maintain proportion of space. Follow the eye movement. Simple and uncomplicated layout. Ease of readability. Use of whitespace. Clarity of ad message. Good ad

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Assumptions of Law of Demand Law of Demand can operate and remain valid only if certain things like income, population size, climate, consumer's tastes and expectations, etc., are assumed to remain constant or equal. In other words, there is a need for an assumption or a consideration that these things do not change at all under any circumstances.The six basic assumptions of law of demand are as

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Twelve demerits, disadvantages or limitations of planning in management.Image Credits © Manoj Patil. 1. Time Consuming Planning involves the collection of data, analysis of data, forecasting, etc. All this consumes a lot of precious time. Therefore, planning is a time-consuming activity. 2. Costly Planning is the work of experts. They get paid very high salaries to make good plans.

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Proportional Reserve System First let's understand the meaning of three words, namely:Proportion means a part, percentage or share of something regarded as a collective whole. Reserve implies something valuable stocked up systematically or stored carefully often on a large scale at a secured location. A System comprises a set of detailed procedures, routines, and methods that are supposed

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RBI Issue Currency Notes in India Reserve Bank of India (RBI) has a sole right to issue currency notes in India. This right is guaranteed only to a particular entity (a person or organization) and nobody else. It is an unshared authority, an exclusive privilege, or a monopoly to do something without open competition. It is usually granted by a sovereign authority (e.g.

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Determinants of Demand The following image depicts determinants of demand with their relations.The factors affecting demand are:Price, Income, Tastes, Price of Related Goods, Consumers' Expectations, Number of Buyers, Climatic Condition, Level of Economic Activity, and Miscellaneous Factors. Now let's discuss in detail each factor that influence demand. 1. Price Price is the value of

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Importance of Quality Control Briefly listed below is the significance or importance of quality control.Image credits © Prof. Mudit Katyani.Detects Quality Deviation: Quality Control helps to find out quality deviation from the established standard. A proper system of it ensures a standard quality of production. Acceptance by Customers: The customers readily accept goods of standard quality.

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Steps to improve product quality Quality is not a result of some random process. It does not happen on it own. It is an outcome of some appropriately controlled procedure or steps. Managers have a great responsibility to produce good quality products. They must establish a quality framework in the entire organisation. They must take following steps to improve product quality.Image credits ©

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How to make delegation effective? The delegation can be made effective by:Image credits © Gaurav Akrani.Unity of Command, Scalar Chain, Principle of authority and responsibility, Principle of delegation by results expected, Principle of absoluteness of responsibility, Principle of functional department, Proper motivation, Proper training, Active control system, Knowledge of what to

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1. Delegation helps Superior focus on Challenging Jobs Under delegation, a superior (boss) delegates his less important duties, routine tasks and monotonous work to his subordinate (junior). He can then use some of his available free time to focus on other significant matters, important assignments and challenging jobs that are in pending. It saves his precious time and makes him

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Extension and Contraction of Demand Assuming other factors (or determinants) remain constant (don't change), the change seen in the demand due to a change in the price is called Extension and Contraction of Demand.The concept of extension and contraction of demand in economics can be studied and best understood with the help of the following graph.Image credits © Gaurav

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Sources of working capital Following are various sources of working capital or short-term finance:Image credits © Prof. Mudit Katyani.Public Deposits is a significant source of working capital. It is an unsecured loan. It is taken by the company from the depositor for a short period. The maximum duration is three years. It has a high rate of interest. It is very popular in India. All

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Factors affecting working capital requirements 14 factors affecting working capital requirements of a business:Image credits © Prof. Mudit Katyani.Nature of business, Size of business, Time and complexities of manufacturing process, Manufacturing cost, Growth and Expansion, Terms of purchase and sales, Conditions of supply, Market conditions, Business cycle, Operating cycle, Rate of

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Importance of working capital Every company needs working capital to meet its short-term expenses. It keeps the business moving. Without it, the business will stop, and the company will become sick.Explained below is the importance of working capital.Image credits © Prof. Mudit Katyani.Continuity in Business Operations: Working capital keeps the business operations moving. It is needed

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Concepts of Marketing The six concepts of marketing are depicted and listed below.Image credits © Prof. Mudit Katyani.These include:The concept of Exchange, The concept of Production, The concept of Product, The concept of Sales, The concept of Marketing, and The concept of Societal. Now let's discuss the six distinct concepts of marketing.Exchange Concept gives importance to the

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Difference between listening and hearing Listening is often confused with hearing. Many people use these two words incorrectly in their speeches and writings without giving a second thought to clarify what they truly mean. I hope my comprehensive endeavor in this regards will shed light on this confusion.Following image briefly depicts the difference between listening and hearing.Image credits &

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Meaning of human relations The meaning of human relations is depicted and explained below:Image credits © Gaurav Akrani.Layman's language: A human relation is one person's relationship or connection with another person. It means how an individual man or woman is related or connected to another man or a woman. In general: It implies how people interact and cooperate with

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Essentials of Human Relations We, human beings, the most intelligent social specie on planet Earth, are mutually interdependent for our sustenance and flourishing. Since many centuries, we have successfully managed to explore, adapt and thrive together in different places in remarkable new ways with endless possibilities. The success of our civilization is not only based on our aspect of

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Improve Human Relations The fourteen proven ways to improve human relations:Image credits © Gaurav Akrani.Conquer ego, Be optimistic, Encourage people, Don't complain, Stop criticizing, Avoid gossips, Show interest in people, Smile, Call people by loved names, Be a good listener, Help others, Respect all, Think before you speak or act, and Create a win-win situation. Let's

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Difference between primary and secondary data Following points distinguish primary and secondary data:Image credits © Gaurav Akrani.Meaning, example, and definition, Data's originality, Need of adjustment, Data sources, Type of data, Methods used to collect data, Obtained data's reliability, The time consumed, Need of investigator, Cost effectiveness, When are the data collected&

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Qualities of a Good Field Investigator Field Investigator is a professional who carry out investigations or research works for his employer to gather information and collect data from the concerned respondents (people interviewed by him). He is an individual who is also called an Interviewer. It is so, since, he asks questions and record their respective answers immediately.In order to

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Steps in marketing research process Following image depicts the steps in a marketing research process.Image credits © Prof. Mudit Katyani.The twelve stages or steps in a marketing research process are:Problem identification, Problem definition, Research design, Determining data needs, Determining data sources, Sampling design, Designing questionnaire, Field staff selection, Collection

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Difference Between Market Research vs Marketing Research Following image shows five important points of comparison used to find out the difference between Market Research vs Marketing Research (MR).Image credits © Prof. Mudit Katyani.Distinguish between market research and marketing research is based on following five points:Meaning of market research and marketing research (

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