Customers are the vital element of any business and their satisfaction is the most challenging and important matter of account which impacts the business value of an entity. Prepare a case study listing the reasons of customer service policies and their assistance in staff training.
Different types, size and scope of organisations and interrelationship of the various functions within an organisation and how they link to organisational structure
Your next door neighbour intends to open his own business in UK. He knows that you are pursuing a HNC in Business Management course. He requested you to provide him with background knowledge and understanding of business, the functions of an organisation and the wider business...ReadMore
Develop techniques for data collection, an understanding of the tools available to create and present useful information, in order to make business decisions.
Assume you are Marketing Manager of a restaurant and the boss is considering to expand the current operation and business. Before making his decision, you are asked to conduct a survey by questionnaire and perform an analysis to see if it is adequate for the restaurant to expand its business.
1: Create a plan for...ReadMore
(a) Illustrate and explain using diagrams of how a single seller within the market can maintain an inefficient allocation of resources.
(b) Are there any advantages to a single market seller and how do they compare to its perceived disadvantages.
(a) What market structure is used to benchmark allocative efficiency and why do we use it? Illustrate and explain using a diagram
(b) Why and how do monopolistically competitive firms fail to achieve allocative efficiency? Illustrate...ReadMore