definition

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A group of employees who perform similar duties and meet at periodic intervals, often with management, to discuss work-related issues and to offer suggestions and ideas for improvements, as in production methods or quality control. 2) Also Quality Circles can be defined as • on a certain...

The first step in any marketing research project is to define the problem. In defining the problem, the researcher should take into account the purpose of the study, the relevant background information, what information is needed, and how it will be used in decision making. Problem...

It consists of a) SWOT Analysis, b) Environment scanning, and c) Competitive analysis. a. SWOT analysis consists of identifying internal strengths (S) and weaknesses (W) and also examining external opportunities (O) and threats (T) b. Environmental Scanning: collection and interpretation...

1. “Performance Appraisal may be defined as any procedure that involves a. Setting work standards; b. Assessing the employees’ actual performance related to these standards; c. providing feedback to the employee with the aim of motivating that person to eliminate performance deficiencies or to...

Definition and distinction Of ‘crime’; and distinction of crime and sin. A crime is a sin consisting in the committing by deed or word of that which the law forbiddeth, or the omission of what it hath commanded. So that every crime is a sin; but not every sin a crime. To intend to...

Definition of Investment Banking “An individual or institution which acts as an underwriter or agent for corporations and municipalities issuing securities, most also maintain broker/dealer operations, maintain markets for previously issued securities, and offer advisory services to...

Inventory must be viewed as a positive contributor to corporate profitability. To that end, management must determine when various items should be ordered, how much to order each time, and how often to order to meet customer needs while minimizing associated costs. There are three types of...

“Sales promotion includes incentive-offering and interest-creating activities which are generally short-term marketing events other than advertising, personal selling, publicity and direct marketing. The purpose of sales promotion is to stimulate, motivate and influence the purchase and other...

DEFINITION OF FOREIGN DIRECT INVESTMENT FDI is the process whereby residents of one country (the home country) acquire ownership of assets for the purpose of controlling the production, distribution and other activities of a firm in another country (the host country). IMF DEFINITION According...

A simple definition of Emotional Intelligence is “Knowing what feels good, what feels bad, and how to get from bad to good”. A more formal academic definition is: “The emotional awareness and emotional management skills which provide the ability to balance emotion and reason so as to...

SOME DEFINITIONS: Some definitions should be useful for upcoming information. • Assured Mode. Mode of delivery that guarantees that a PDU will be delivered to the peer. A PDU sent in assured mode is retransmitted by the LAC Sublayer, up to a maximum number of retransmissions, until...

Total Income means the total amount of Income referred to in section 5, computed in the manner laid down in the Income-tax Act. Total income is computed under five heads of income, income computed under each head is thereafter aggregated and the aggregate amount is known as Gross Total Income...

DEFINITION OF RETAILING  It is the last commercial link in the marketing channel and the point where products finally reach their users.  Retailing includes all activities directly related to the sale of goods or services to the ultimate customer for personal non-business use. ...

Definition: “A country which has good potential prospects for using more capital or more labour or more available natural resources, or all of these, to support its present population on a higher level of living or if its per capita income level is already fairly high, to support a large...

Definition of Customer Relationship Management (CRM). Every time the customer approaches your business, they arrive with an expectation. It is a comprehensive set processes and technologies for managing the relationships with potential and current customers and business partners across...

Co-operatives The Definition Cooperative is a widely spread organizational form in developing countries. These organizations are known for the strong commitment of, as well as the participation in decision-making of their members. Another characteristic of cooperatives is their dual goal...

Definition:- Small Scale Industry is defined as a unit in which investment in original value of plant and machinery should not exceed Rs. 1.5 crore. However, to facilitate technology up gradation and enhance competitiveness, the investment limit has been raised to Rs. 5 crore in respect of 71...

Consumer The attitude of consumer or buyer decides how demand will emerge for a new product and service and how existing goods and services will be sold. The attitude in turn depends upon many economic, social, cultural, climatic factors. The decisions are also influenced by education...

JOB ROTATION Job rotation is training and education in which the unemployed are educated and trained continuously in order to replace employees in companies, during the time that they leave their jobs for more education and training. The job – Rotation model is neither a simple market tool...