What is a factor market: The factor market is referred to all the business resources – land, labour, rent, wages. In the circular flow of income and expenditure economy is divided into firms and households. Where the household sector provides the factors of production to firms and it is called a factor market.
Flexibility manufacturing system describes the adaption to changes by an organisation for production purpose using technology or strategies. There are three different levels or components of the manufacturing flexibility. Moreover, the advantages of using the system for moving along with market chnages and limitations to use the method are discussed and studied.
Iowa electronic markets is termed as a experimental market which is not similar to the normal futures markets. It is often used to predict political election results, providing more accuracy than the traditional election poll system. Moroever, the markets are varying into three markets which are discussed further.
Difference between bail and bond can be highlighted by using various parameters like nature of money, definition of both concepts etc. Bail explains the security of assurance to release a convict from police custody temporarily until he has to appear for the court judgement while involving 3rd party is termed as bond.
Telemarketing meaning explains the contact between the company employees and leads to sell or promote their product. There are two types of telemarket, one inbound and the other outbound which is talked about in brief through different telemarketing examples quoted. Also the advantages and disadvantages of the concept can be studied.
Demand forecast methods explain the advance steps taken to analyse the future or expected demands by the company. There are various ways used by the organisations depending on the need of the business. This is further explained with example in detail to elaborate the concept of demand forecasting tehniques.
Employee Engagement Strategies refer to the methods used to encourage employees willingness in the company’s future and goals. However, there are different ways to achieve them along with their importance discussed. Further, there are levels of the employee engagement that helps to understand the progress or structure better.