Month: December 2023

Ultimate Evolution | 7 Significance of Consumerism | Rights of Consumers

31/12/202311/12/2023 Renu Saroha No Comments

Consumerism refers to the activities of voluntary organizations and others designed to protect the rights of consumers. It implies the organized efforts of consumers seeking redress, restitution and remedy for dissatisfaction caused by policies and practices of business. Evolution of Consumerism The marketers’ slogan that “customer is the king” remains very often as a vocal…

Consumer Protection

Latest Types of Intermittent Production System

29/12/202306/12/2023 Study Notes Expert No Comments

Intermittent production systems are production strategies in which items are produced in batches or lots, with intermittent periods of production accompanied by intervals of no production or changeover. These systems are characterized by flexibility, as they can handle several products and accommodate modifications in production requirements. Various Types of Intermittent Production System Following are the…

Production & Operations Management

7 Important Approaches to Consumer Protection

27/12/202306/12/2023 Renu Saroha No Comments

It is essential to know the various methods or approaches to consumer protection. The following are the approaches to consumer protection. Approaches to Consumer Protection 1. Consumer Education One of the severe reasons identified for the cause of consumer problems is the need for more consumer education for numerous consumers in developing and developed countries….

Consumer Protection

2 Exclusive Factors Affecting Selection Procedure

25/12/202306/12/2023 Study Notes Expert No Comments

The procedure of selecting candidates involves shortlisting individuals with the vital qualifications to fill organizational vacancies. Since the process varies among groups, it’s critical to recognize which kind of manner is appropriate. In the following article, you will know the factors affecting selection procedure. The selection process is commonly prolonged and difficult, encompassing numerous steps…

HRM

Intermittent Production System: Characteristics, Advantages & Disadvantages

23/12/202325/04/2024 Renu Saroha No Comments

The device of the intermittent production system does not envisage ongoing manufacturing for storage cause; production activities take region only to meet an order of product. The flow of raw cloth is not non-stop, and manufacturing facilities are extremely flexible, designed to look after a wide range of merchandise. Because of the character of this…

Production & Operations Management

Small Online Business Ideas from Home for Students

21/12/202303/12/2023 Study Notes Expert 5 Comments

After the pandemic era, the nations had to adapt to the new culture to get the work done. Here comes the new working model known as work from home, which is very much beneficial for employers and employees. In this article, we will discuss the small online business ideas from home students. Work from home…

Entrepreneurship

Explore the Types of Channels of Distribution in 2024

19/12/202303/12/2023 Study Notes Expert No Comments

The distribution channel is the course between producers and users through which goods are dispensable. This path is also known as the Channel of Distribution or Trade Channel. In the case of offerings, the distribution channel is direct because services are intangible. A distribution channel normally requires a consumer and a supplier. The customer can…

Marketing Management

Contents/Items under Balance Sheet in Accounting

17/12/202303/12/2023 Study Notes Expert No Comments

A company’s balance sheet is a statement of its assets and liabilities as of a specified date. A company’s assets may be categorized into two major groups viz noncurrent assets and current assets. In contrast, the liabilities may also be categorized into two other groups: long-term liabilities (including the shareholders’ equity, i.e., paid-up share capital…

Financial Accounting

Fixed Position Layout | Flexible Manufacturing System

15/12/202301/12/2023 Study Notes Expert No Comments

Fixed Position Layout In a fixed position layout, the primary focus is on retaining the production of the most important product stable and stationary in a single location. This designated web page serves as the main hub for all associated activities, wherein equipment, tools, components, and labor are all brought together collectively. This arrangement, which…

Production & Operations Management

Genuine 5+ Challenges to Consumer

13/12/202301/12/2023 Renu Saroha No Comments

In earlier years, some consumer problems were purchasing goods’ transactions- their quality, price, and weight. But now, with the advancement of science and technology, lifestyles are fast changing, and so are consumption habits. In the following article, you will know the challenges to consumers. In the first four decades of the independent era, Indian consumers…

Consumer Protection