Ordinal utility depicts the consumer’s decision making behaviour by the level of satisfaction attained after the consumption of commodities that are arranged in order of preferences. Further, the consumer equilibrium studied is indifference curve analysis using the ordinal utility.
The philosophy of creating FedEx human resources and putting people first pays handsome dividends in course of time helping the company to top the list of fortune. There are basically four human resource strategies followed by the company which are studied further.
Channel management definition refers to the technique of choosing an efficient channel partner. Also there are different types of channel management and channel management strategy for easy functioning of the channel partners or intermediaries.
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.
Consumer equilibrium indicates the satisfaction level of the customer by consuming different commodities assuming his income or budget constant. This further involves the concept of indifference curve along with a tabular and graphical representation.
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.
Sales forecasts definition explains studying in advance what will happen that helps the company to make informed decisions about the business. Also, there are various methods to understand how sales forecasting can be regulated explained in the study below.
Starbuck Business model refers to the management work of the company to run the business successfully with an initiative to generate creative idea of dark premium coffee and customer satisfaction. It further includes the areas of distribution or segmentation and the marketing strategies of Starbucks.
Business intelligence benefits explain the advantages provided by technology based tools that helps the organisation to take predictive decisions. There are various applications of BI along with few examples explained. Moreover, the business intelligence tools are few options discussed that are opted by companies to improve their business.
Economic Utility Definition refers to the satisfaction gained by an individual or power of a commodity that depends upon customer’s need and want. Moreover there are terms like Marginal and Total utility along with their relationship explained through table and graph represntation. further elaborating law of diminishing marginal utility.