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Methods of demand forecasting are important when estimating the future demand for a particular product. There are multiple methods of demand forecasting have been identified. However, only a few methods are been used in practical scenarios. Out of all the methods of demand forecasting available, selecting the best type for the business is highly important …
A business continuity plan is a major component in the risk management process in any type of business organization. It can be easily misunderstood as a business contingency plan due to the similarity in the usage of planning. However, a business continuity plan has a broader perspective for business activities. In simple terms, a business …
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Management consists of the process of planning, organizing, prioritizing the business tasks in order to achieve business goals and objectives. Management styles are the methods managers use to get these tasks completed timely and accurately. Management styles differ from person to person according to the nature of the business industry, management level, and individual personalities. …
The objectives of advertising play a major role in promoting a product or a service to its market segment. As the world is getting more industrialized and the competition is getting increased day-by-day, the importance of providing accurate details to the existing and potential customers at the right time through the right method has been …
The consumer price index is a weighted index used to measures the changes in consumer pieces in an economy. This used to observe the changes in the real value of money as a result of the inflationary situation. This is also taken as a macroeconomic tool that indicates the performance of the economy because the …
SavingsSaving is the most important factor that determines the level of economic growth of a country.As the success of an individual depends on his or her level of saving, the living standard of anation depends on the level of national savings since it is a contributory factor of a number ofmicroeconomic indicators such as the …
Marketing planning is identified as one of the key components of the marketing planning process. There are three main approaches to the marketing planning process. 1. Top-down planning- According to the top-down planning method, the senior management of the organization sets the goals and most of the plans in the organization. Once the goals and …
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