merits

Hi Friends, I have to submit my internals. So can anyone help me in getting notes for "the merits and demerits of the process layout". Regards, Srinivas

Wide Choice: The organization has the freedom to select candidates from a large pool. Persons with requisite qualifications could be picked up. Infection of fresh blood: People with special skills and knowledge could be hired to stir up the existing employees and pave the way for innovative...

Merits 1) Economical: The cost of recruiting internal candidates is minimal. No expenses are incurred on advertising. 2) Suitable: The organization can pick the right candidates having the requisite skills. The candidate can choose a right vacancy where their talents can be fully...

MERITS OF DECENTRALISED RECRUITMENT • The unit concerned concentrates only on those sources/places wherein normally gets the suitable candidates. As such the cost of recruitment would be relatively less. • The unit gets most suitable candidates as it is well aware of the...

MERITS OF CENTRALISED RECRUITMENT • Average cost of recruitment per candidate/unit should be relatively less due to economies of scale. • It would have more expertise available to it. • It can ensure broad uniformity among human resources of various units/zones in...

ADVANTAGES Retail banking has inherent advantages outweighing certain disadvantages. Advantages are analyzed from the resource angle and asset angle. RESOURCE SIDE o Retail deposits are stable and constitute core deposits. o They are interest insensitive and less bargaining for additional...

ADVANTAGES Mutual funds are advantageous to individual investors in relation to their direct involvement in investment portfolio activity covering the following aspects:- 1. Professional Management Mutual Funds provide the services of experienced and skilled professionals, backed by a...

MERITS OF RATIO ANALYSIS Following are some of the advantages of ratio analysis: 1. Simplifies financial statements: Ratio analysis simplifies the comprehension of financial statements. Ratios tell the whole story of changes in the financial condition of the business. 2. Facilitates...

MERITS OF FRINGE BENEFITS Support employee remuneration Improvement in employee efficiency Attractiveness Good corporate Image Motivation factor DEMERITS OF FRINGE BENEFITS Unhealthy Competition Monetary benefits Transparent nature Subject to taxation

MERITS Support employee remuneration Improvement in employee efficiency Attractiveness Good corporate Image Motivation factor DEMERITS Unhealthy Competition Monetary benefits Transparent nature Subject to taxation

In a relationship-based situation, a critical factor is trust. This takes time to build, for particularly for the buyer to accept that the seller will always keep their best interests at heart. If trust is threatened or broken, then the sales person will have to put in a huge effort to rescue...

5. No exploitation: All the conditions or assumptions of perfect competition ensure that consumers are charged a price equal to marginal cost unlike other forms of market where price > marginal cost. 6. Optimum Production: Perfect competition enables a firm to produce at a point where the...

3. Shut-down Point: It is of utmost importance to decide whether one should continue business or not when the firm is not in a position to cover the cost. To explain this problem a distinction is made between variable cost and fixed cost. Variable cost is avoidable cost by not producing the...

1.Role of an individual: An individual produce or consumer cannot influence the price in a perfectly competitive market. In a highly competitive market, in the real situation, both the seller and buyer have to accept the price that is determined in the market by demand and supply forces. 2...