VRIO-Value Rare Inimitability
VRIO( Valuable Rare Inimitable Organization) VRIO is the business analysis framework Specifically the internal business analysis framework which deals with analyzing the internal resources and …
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Marginal Utility
Marginal Utility Change in the utility after consuming the additional unit of a product or services is known as marginal utility. Utility can be measurable …
Consumer Buying behaviour
Consumer buying behaviour Consumers when going to decide to buy specific products always go through this process. The consumer buying behavior process needs to be …
Customer Satisfaction
Customer satisfaction Customer satisfaction is the fulfillment of expectations in terms of various attributes of the products and services. Many business organizations offer products or …
Role of Industry in Economy
Provides advanced technology for agriculture The industry provides advanced instruments and equipment for effective farming practices. Advancement in the technology of agricultural farming practices enables …
Role of Agriculture in the Indian Economy
Significant contribution to the GDP of the nation The agricultural sector has become an important sector for the contribution of the GDP of India. During …
International Logistics
International logistics is concerned with the process of managing and coordinating the movement of physical goods from the place of origin or production to the …
Value Analysis
Value analysis Value analysis is the scientific process of identifying and eliminating unnecessary costs to increase or improve the value of the product. Value analysis …
Distribution strategies
Introduction Distribution strategies are linked with the availability challenge the company faces to make available the products in the market. Availability challenges always paste with …
Pricing Strategies
Pricing Strategies Pricing represents the value of the product in the market. Pricing is responsible for the creation of revenue and hence the profit of …