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Meaning of Organizational Behavior: - Organizational behavior studies the influence persons, groups, and structures have on human behavior within administrations. It is an interdisciplinary ground that comprises communication, psychology, sociology, and management. Organizational behavior accompan... read more

organizational behaviour

August 18, 2017

The determination of Human Resource Management is to hire, train and grow staff and where essential to control or discharge them. Through operative training and improvement, staffs at Enterprise attain promotion within the corporation and reach their full potential. This decreases the need for outside employment and ... read more

human resource management

August 17, 2017

Perfect competition (also called pure competition) is a market configuration in which  large number of members sell and buy homogeneous products,  there are no hurdles to entry,  an individual firm has no control over the price, and  there is no non-price competition (for example public... read more

business economics

August 17, 2017

Utility is a word used by economists to define the measurement of "helpfulness" that a customer obtains from any good. Utility may measure how much one likes a movie, or the sense of safety one grows from purchasing a deadbolt. The utility of anything or condition can be measured. Some examples contain the... read more

business economics

August 17, 2017

Utility is the fulfillment that a person originates from the consumption of a good or service.  Total utility is the total gratification received from consuming a given total amount of a good or service, while Marginal Utility is the gratification gained from consuming another amount of a good or ... read more

business economics

August 17, 2017

There are four important properties of Indifference Curve; Property I: Indifference curves slope downward:- This property suggests that an indifference curve has a negative drop. This property follows from supposition I. Indifference curve existence downward sloping means that when the amount of one good in t... read more

business economics

August 16, 2017

An indifference curve attaches points on a graph demonstrating different measures of two goods, points among which a customer is indifferent. That is, the customer has no preference for one mixture or package of goods over a different mixture on the similar curve. One can also mention to every po... read more

business economics

July 29, 2017

These plans are part of the Operations Management actions that service and industrial organizations involve in ... The course will authorize you with skills to address important facets of business operations (B.O) containing capacity, output, excellence, and supply chain. An operation management refers... read more

operations management

July 29, 2017

In statistics, a frequency distribution is a table that shows the frequency of numerous consequences in a sample. Every entry in the table comprises the frequency of the amounts of values within a specific group or interval, and in this technique, the table précises the distribut... read more

business statistics

July 29, 2017

A histogram is a show of statistical info that uses rectangles to show the occurrence of data items in sequential numerical intervals of equal size. In the most corporate form of histogram, the independent variable is plotted along the parallel axis and the dependent variable is plotted along the vert... read more

business statistics

July 27, 2017

What is 'Regression?' Regression is a statistical quantity used in economics, investing and other alterations that tries to define the strength of the association between one dependent variable (usually represented by Y) and a sequence of other altering variables (recognized as independent variables). Regress... read more

business statistics

July 27, 2017

Business statistics is the art of good decision making in the face of ambiguity and is used in many disciplines such as auditing, econometrics, financial analysis,  production and operations including services improvement and research and vice versa. This creates the topic of time series particularly important f... read more

business statistics

July 22, 2017

Descriptive statistics are statistics that quantitatively define or précis structures of a collection of information Descriptive statistics are renowned from inferential statistics or inductive statistics, in that descriptive statistics goal to précis a sample, before use the data t... read more

business statistics

July 22, 2017

Statistical Mean:-   The statistical mean denotes to the mean or average that is used to originate the central tendency of the data in question. It is adding all the data in a population and then dividing the total by the number of points. The resting number is known as the mean or the average. What is... read more

business statistics

July 22, 2017

Data collection is the procedure of collecting and assessing information on variables of interest, in an established systematic fashion that enables one to answer stated research queries, test theories, and assess consequences. The data collection constituent of research is common to all fields of study, mortalities... read more

business statistics

July 22, 2017

Correlation relating the linear relationship between two variables; in regression, we can forecast the relationship between more than two variables and can use it to classify which variables x can forecast the consequence variable y. Correlation is a statistical quantity that designates the e... read more

business statistics

July 22, 2017

Organizational Behaviour delivers direction to Organization. Organizational Behaviour aids to understand and forecast organizational life. It also aids to understand nature and activities of people in business organization. It aids to encourage employees and to maintain interrelations in organization. The importance ... read more

organizational behaviour

July 22, 2017

Law of supply depends upon prices because the quantity of goods supplied rises as market price rises, as the prices falls the quantity of goods supplied falls. There is direct relationship between quantity supply and prices. On the other hand, law of demand says that quantity of goods demand rises as price falls and the ... read more

business economics

July 17, 2017

The research designs are of the following types: Exploratory research Exploratory research is a type of research conducted for a problem that has not been clearly defined. Exploratory research often relies on secondary research such as reviewing available literature and sometimes on qualitative approaches such as inf... read more

business research methods

June 09, 2017

Research is a thorough, orderly, organized, efficient and logical investigation of an area of knowledge or of a problem. In broader sense, the definition of research includes any gathering of data, information and facts for the development of knowledge. Main components of a research are: 1. Curiosity: Science is ... read more

business research methods

June 08, 2017

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