Marketing
The buying and selling of goods and services through an electronic medium
What is e-commerce?
A legal entity owned by stockholders.
What is a corporation? or what is a PLC?
Consumers, local community and the government are examples of these
Who are external stakeholders?
A stage of the organizational structure where all personnel have equal status and authority
What is a level of hierarchy?
Coca-cola adapted its products and advertising to suit Indian markets because of this.
What is global localization?
The chain of intermediaries a product passes through from producer to final consumer
What is the channel of distribution?
This report assesses the impact of a business's activities on the environment
What is an environmental audit?
A situation in which employees are able to allocate the right amount of time and effort to work and their personal life
What is work-life balance?
This measures the average output per employee in a given time period
Why is labour productivity?
The process of selecting a group of respondents from a larger population.
What is sampling?
A product that experiences an increase in demand when consumer incomes fall
What is an inferior good?
This has resulted in the increasing freedom of movement of goods, capital and people worldwide.
What is globalization?
Impact of a business increasing market power and share.
What are higher prices, less output, lower competition, and poorer quality?
This involves forecasting the numbers of workers and the skills required by the business to achieve its objectives
What is workforce planning?
Product development organized so that different stages are done at the same time instead of in sequence.
What is simultaneous engineering?
The inefficient distribution of goods and services in the free market.
What is a market failure?
Stocks of the Bharat Aluminium company were traded in the stock market from 2005 after this happened.
What is privatization?
The Indian Government can solve inflation by taking these steps.
What is increasing taxes and decreasing government spending?
A sense of fulfilment that is reached by feeling enriched and developed according to Maslow
What is self-actualization?
A long-range qualitative forecasting method that obtains forecasts from a panel of experts
What is the Delphi method?
This allows a different business in another country to produce branded or patented goods
What is licensing?
Due to this trend, consumers are buying goods that are produced sustainably.
What is green consumerism?
India used these measures to prevent Chinese goods from being sold in Indian markets
What is protectionism? Tariff / quotas
A business that offers the services of recruiting applicants for vacant posts
What is a recrutiment agency?
The use of small amounts of capital from a large number of individuals to finance a new business venture
What is crowd funding?