Marketing Archives - Banks of Banks

Trade Credit: Meaning, Pros and Cons in Business

byBankX
August 25, 2022

It’s difficult to conceive of a world in which businesses operate without credit. Working capital and cash flow are two of the most crucial parts of running a successful business or trade operation in the modern world (B2B). Customers, particularly those in the B2B (Business to Business) sector, prefer the ability to buy goods and ...

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9 Functions and Importance of Production Management

byBankX
July 18, 2022
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Production management’s responsibility is to develop new goods and services according to predetermined specifications. They are also important in the manufacturing and service sectors of the economy. Production management is the term given to the process by which management principles and ideas are applied to the production process within an industrial setting. Planning, coordinating, directing, ...

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What are Alpha and Beta in the World of the Stock Market?

byBankX
May 27, 2022

With the quick advancement of technology, investing and the way to invest have become a lot easier today. While it is critical to invest in order to enhance one’s standard of living, it is equally critical to monitor the performance of one’s investments. Stocks and mutual funds, in particular, necessitate close monitoring. Investment choices such ...

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Twelve Steps in Marketing Research Process

byBankX
May 13, 2022

Marketing research is the process of gathering information on a particular market, business, or subject to help in decision making. Marketing research can be conducted through surveys, interviews, and questionnaires. Surveys are a common way to collect data from a large population. Surveys can be conducted by mail, telephone, or online. An interview is a ...

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How to Sell Online Without Capital But Profitable

byBankX
May 12, 2022

Many people think that starting their own business requires a lot of capital. Even though there are lots of ways to get profits from your own business without having to spend capital, namely selling via the internet. It’s no wonder that many choose to quit working as employees and choose to run their own business ...

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The 6 Distinct Concepts of Marketing

byBankX
May 11, 2022

Marketing is the process of promoting and selling products or services. Marketing is a broad term that encompasses many disciplines. Marketing is an important part of any business. It can be used as an effective tool to increase sales, generate new customers, and promote awareness of a company’s products or services. The three main components ...

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The 9 Benefits of Delegation in Workplace

byBankX
May 11, 2022

Delegation is the act of assigning tasks or responsibilities to a person or group other than oneself. It is also the granting of authority to another person to act on one’s behalf. Delegation is a management strategy that allows an organization’s human resources to be used efficiently and effectively, by dividing work into individual tasks ...

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12 Steps to Make Delegation Tasks Effective

byBankX
May 11, 2022

Delegation tasks are a great way to give employees more responsibility and ownership of their work. However, there are many different ways that this can be done. If you want to delegate tasks effectively, you need to first understand what the person is capable of and then find the right task for them. This will ...

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Managerial Steps to Improve Product Quality

byBankX
May 11, 2022

Product Quality is defined as the degree to which a product meets the expectations of its users. Improving Product Quality can be achieved in two ways: by improving the quality of raw materials and by improving production processes. Quality is not a result of some random process. It does not happen on it own. It ...

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Extension and Contraction of Demand with Graph

byBankX
May 8, 2022

Assuming other factors (or determinants) remain constant (don’t change), the change seen in the demand due to a change in the price is called Extension and Contraction of Demand. The concept of extension and contraction of demand in economics can be studied and best understood with the help of the following graph. In the above ...

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Factors Affecting Demand – Determinants of Demand

byBankX
May 8, 2022

The following image depicts determinants of demand with their relations. The factors affecting demand are: Price, Income, Tastes, Price of Related Goods, Consumers’ Expectations, Number of Buyers, Climatic Condition, Level of Economic Activity, and Miscellaneous Factors. Now let’s discuss in detail each factor that influences demand. 1. Price Price is the value of a product ...

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Zig Zag Indicator: About, Strategy, Settings, Formula & Limitations

byBankX
December 25, 2021
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Forex trade has become popular than ever before. Many people are now going into forex, with some making millions in the forex market, while others are losing their hard-earned money in the forex market due to its volatile nature. Many tools and AI robots that give forex signals have been developed. One of such tools ...