Societal marketing concept says that prioritizing consumers’ and society’s interests rather than just thinking about the company’s benefit, no matter what the way is. Societal marketing strategy teaches the organization to consider consumer’s wants, society’s interests, and obviously, the company’s benefit to be more socially and environmentally responsible and build a better image in the … Read more
What is Unsought Products? Unsought products are referred to the products which consumer are unaware of or does not normally buy. Purchase of such goods is usually done out of fear of danger or the ries of danger. Unsought product examples are fire extinguishers, life insurance, reference books, and funeral services. In the case of … Read more
The monetary unit is the basic primary denomination of a currency. It is also called the fundamental unit of account and can be measured by its purchasing power parity. There are several problems with this assumption, including its efficacy in an inflationary economy. Let’s discuss some of them in this article. Also, we’ll look at … Read more
Marketing is a crucial component of any business. It encourages the brand to grow and achieve the heights of success. It will stand your brand out in the market. 5 P’s of Marketing is one of the elements of the marketing process. 5 P’s of the marketing mix is one of the most effective marketing strategies. … Read more
Tax Multiplier emphasizes the change in the income or GDP level due to the change in taxation levied by the government. The concept covered will be marginal propensity to consume, marginal propensity to save, tax multiplier formula, derivation, examples, graphical representation, government spending multiplier, uses and limitations for the same.
Introduction Reverse annuity mortgage is referred to as a loan against the value of your home. It provides equity against your home without selling or moving out from your home. Plus, it provides more flexibility than other reverse mortgages. It proves to be beneficial for retired people to live their retirement as they dreamed of. … Read more
Dip Financing Introduction Dip Financing refers to debtor in possession(DIP) financing, a form of financing that is provided to companies that filed for bankruptcy. It provides the capital funding for the companies which are surviving in bankruptcy. In this blog on DIP financing, you will learn about what is debtor in Possession (DIP) Financing, the … Read more
Introduction Data lake architecture is designed to help big data of businesses generate new growth opportunities, outperform existing competitors, and provide a seamless customer experience. However, to get the best out of data and thrive in this digital world, enterprises should possess well-curated, good quality data lakes that will empower digital transformation across an enterprise. … Read more
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.