Staff turnover is defined as the rate at which the staff in an organization leave the firm at a specific time. The term staff turnover is used to measure attrition, retention, and turnover
Operations Research – Types, Advantages, Disadvantages
Operations research, popularly known as OR, is a scientific research method or a mathematical technique to determine the right decision for a problem. Operations research is used to provide aid to people in
Transportation Management System – Definition, Outline, Components
The transportation management system is commonly referred to as TMS and defined as a tool to assist the supply chain professionals in managing their freight and carriers. It is used by business entities
Outdoor Advertising – Meaning, 8 Types and Examples
When a business runs an advertising campaign that reaches the prospects and potential consumers when they are outside their home, then it is termed as outdoor advertising. In this article, we will delve
Interactive Marketing – Meaning, Types, Advantages of Interactive Marketing
A marketing campaign that improvises as per the inclinations, preferences, and reactions of customers to make the campaign more relevant and personalized is understood as Interactive Marketing. We all know that marketing is
What is Marketing Intelligence? Benefits and Tools
Marketing Intelligence is a process where a company or business gathers, monitors and analyzes relevant information for result-driven decision making about marketing opportunities, niche market penetrations, market trends, and market development metrics. In
Market Development – 4 Steps and 5 Types Of Market Development
Market development is a strategy for growth that organizations use to develop new markets or new market segments for existing products. The primary targets of market development strategy are the customers who do
Labour Relations – Components, Importance, Purpose
Labour relations incorporate the processes involved in between Management & Union or Employers & Workforce for making effective decisions and channelising an organisation. With the inclusion of right Labour Relations Strategies, an organisation
Underutilisation Definition, Meaning and Factors
When full utilisation of the potential/capacity of the workforce and resources essential for optimized growth rate is not being practiced, it is termed as underutilisation. An organization suffering from underutilization issues goes through
Unit Price – Definition, Examples and Calculations
You must have faced situations when you are supposed to compare prices of items that are not sold in equal quantities. If it has confused you a bit, then let me tell you
What is a Market Profile? Definition and How To Create One
Definition Market profile is the set of characteristics that can help a business entity in recognizing a market segment or a target group of population or buyers.
Quality Assurance – Definition, Meaning, Certifications, Models
Definition Quality assurance is a method to meet customer needs, requirements and expectations in terms of price, reliability, design, functionality, and durability of a product. It ensures that the best possible product or
What is Product Quality? 7 Steps of Product Quality Management
In simple terms, you can understand product quality as a characteristic that is a further conglomeration of different features for fulfilling the customer needs and maintaining the industry standards, so the product does
Training Needs Analysis – Features, Components, Levels and Benefits
Training Needs Analysis is the process of identifying the training and development needs of the workforce, so they can perform their jobs more effectively to accomplish individual and company goals. In this post,
Quality Audit – Definition, Meaning, Types, Advantages
Definition Quality audit is a process of examination and verification of procedures, records, and activities of a quality system that is carried out by an audit team or an internal or external quality
Recency Effect – Meaning, Examples and Role
As per many psychological theories, when you will be asked to recall the items in any order from a list, there are brighter chances that you will remember the things that were at
