• Control over price: firms under this type of market structure do not determine the price and they do not accept the price. As the firms produce their own unique products they have their own control over the price in the market • Extent of the market information: In a monopolistic competitive market, both buyers and sellers do not possess full information of the prevailing market conditions. • Freedom of entry: Under this type of market structure, firms have freedom to enter or exit the market at any time they want. b) Short run and long run equilibrium of the firm Short
Arab Open University Tutor Marked Assignment (TMA)- PT3 Form for B301B Academic Year: 2014 - 2015 Semester: First Branch: Jordan Program: Business Studies Course Title: Making Sense of Strategy II Course Code: B301B Student Name: Maryam Ahmer Student ID: 2100576 Section Number: 1 Tutor Name: Hussein Albanna, Ph.D Mark details Allocated Marks Questions Q1 2Q 3Q Total 100 Weight 35 45 20 Marks Deduction Criteria In text referencing (0-5) Referencing (0-5) Word Count (0-5) E-Library (0-5) Total deduction (0-20) Marks 100 Student’s Total Mark (total marks
So in order to build a successful relationship between an organization and its customers we have three drivers which are customer’s value, high levels of customer’s satisfaction and building a structure for customer retention. The organization can make esteem by diverse ways; they first need to comprehend what drives esteem for clients. Likewise distinguish the clients and portions as Different clients will have differing view of your quality with respect to your rivals, in light of geographic closeness, for instance, or an item trait that one portion may discover especially alluring. Likewise, dispense your development capital to new items and arrangements that serve your best clients or can pull in more clients that are like your best
Work, Employment & Society 25(1): 85-100. DOI: 10.1177/0950017010389244 The aim of this article is to address whether employability skills obtained by Business and Management (B&M) graduates is sufficient for employment. Wilton (2011) conducted a quantitative analysis based on a research which consisted of 8571 responses which 24% were widely spread across different majors. Which he then divided into three particulars groups to distinguish between generalist graduates, specialist graduates and individuals who combined a business education. The author was able to access “employability value-added’ of undergraduate
On the other hand, the pull strategy coordinated with customer demand; while firms do not hold any inventory on hand that they would only respond to orders specifically. This reduces the lead times by improved incoming ordering expectation from retailers and also reduces the variability in the system. However, it is always hard to implement such strategy when lead times are too long because it is not practical in reacting to the information in demand. In addition, it is more difficult to benefit form the economies of scale as
In order to choose proper 3PL depends on various factors, before underlining major elements I want to write about the term “one fits all”. It is impossible to copy paste one organization’s strategy to another. Supply chain and logistics strategies critically depend on company’s overall strategy, production flow, and on the product itself. Supply chain strategy of Apple, to in-house retailing and supply chain of Dell to outsource retailing functions are different obviously because as I mentioned earlier it depends on the product. It also depends on organization’s culture, the structure of the firm, the condition of the market, company’s strength and capabilities within the market.
There is different service performance due to different labour inputs and non-standardization of delivery. For example, different lecturers have different teaching methods and we cannot expect the same service given by a different person. Subsequently, service is unable to store. Many services cannot be stored to meet fluctuations in demand. For example in giving service to customers to get hotel rooms, purchase of shares and doctor’s time cannot be stored.
Customer orientation is not only focuses on customers’ needs, it includes other stakeholders’ expectation too. The relationship between customer orientation and customers’ loyalty is strong. In other words, customer orientation can improve the customers’ loyalty (Homburg, Müller, & Klarmann, 2011). The salespersons that are close with customers will drive customers to continuously buy products from the salesperson. This is called building “Guanxi” with customers to achieve company goals.
Service quality is the comparison of perceived expectations with perceived performance of service, perceived expectations is given by E , perceived performance is given by P and service quality is SQ which gives an equation SQ = P – E . The business which gives services of high quality will meet or exceed customers expectations which make the business economically competitive, customers form the service expectations from past experience, word of mouth and marketing communications. Service quality can be related to service potential , service process and service result. Individual service quality states the service quality of employees as distinct from that the customers perceived. Services are commodities that cannot be stored or disappear
Internship Report on A study on “Technical Analysis of Selected Stocks with reference to Kotak Securities” Ltd, Mysore. By, SHARATH KUMAR M 4GW13MBA45 Submitted to VISVESVARAYA TECHNOLOGICAL UNIVERSITY, BELGAUM In partial fulfillment of the requirements for the award of the degree of MASTER OF BUSINESS ADMINISTRATION Under the Guidance of INTERNAL GUIDE EXTERNAL GUIDE Ms. USHA B Assistant Professor GSSS Centre for PG Studies & Research Mysore Mr. Anil Kumar Branch manager Kotak Securites ltd, Mysore GSSS CENTRE FOR PG STUDIES & RESEARCH Department of Management KRS ROAD, MYSORE - 570016 2013-2015 ACKNOWLEDGEMENTS A Project study of this nature calls for professional help and guidance from all quarters.