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Business Ethics – Chapter 2

Business ethics refers to the study and application of ethical principles and moral values in the context of business activities and decision-making. It involves examining and addressing ethical dilemmas that may arise in various business situations, considering the impact of choices on stakeholders and society at large. Key Components: 1. Ethical Decision-Making: Business ethics involves …

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CRM & CEM

Customer Relationship Management (CRM) is a strategic approach that focuses on managing a company’s interactions with current and potential customers. It leverages data analysis to understand customer behaviors and preferences, aiming to enhance customer satisfaction and loyalty. CRM systems compile information from various channels, including the company’s website, telephone, email, live chat, marketing materials, and …

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AI Subfields and Technologies

Artificial intelligence (AI) is a branch of computer science dedicated to creating intelligent computer systems. These systems exhibit characteristics we typically link to human intelligence, such as understanding language, learning, reasoning, and problem-solving. Essentially, AI aims to enable machines to replicate human cognitive behaviors. AI, machine learning, and data science are closely related fields. 1. …

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Business Ethics – Question & Answers

What is Happiness? Happiness is a complex and subjective emotional state characterized by feelings of joy, contentment, and overall well-being. It is a positive and pleasurable experience that encompasses a range of emotions, from moments of elation to a general sense of life satisfaction. The concept of happiness is multi-faceted and varies from person to …

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NMIMS Financial Accounting & Analysis Assignment -April 2024 Examination

Prachi Industries purchased a land worth 2 crores, office fixtures and furniture worth Rs 50 lakhs. Five years back the company has purchased an investment property for Rs 5 crores out of which today they disposed of 20% of the property, at a realizable value of Rs 3 crores. As a consultant to the company …

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Demand Forecasting Techniques

Demand Forecasting- Question & Answers

What is Demand Forecasting? Demand forecasting is the process of estimating the future demand for a product or service. It involves predicting the quantity of goods or services that customers will purchase over a specific period. The primary goal of demand forecasting is to help businesses make informed decisions regarding production, inventory management, and overall …

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Macroeconomics Question & Answers

Quick Revision notes for B.Com | BBA| BBM | BMS | BHM | MBA | MHA | MMS | CA| CS | CMA | ICWA & Others Aggregate Demand and Aggregate Supply Aggregate demand and aggregate supply are key concepts in macroeconomics that help explain the overall performance of an economy. These concepts are used …

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Economics – Question & Answer

Define the term “Elasticity of demand.” Discuss different types of elasticity of demand. Also, explain why this concept should be of interest to anyone in business who has a choice to determine the price at which to sell their products. The Elasticity of Demand: Understanding Price Sensitivity in Business Introduction: Elasticity of demand is a …

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Quantitative Techniques for Management Solved question paper of Calcutta University

2021BUSINESS ADMINISTRATION — HONOURSPaper : A501 (C-11)(Quantitative Techniques for Management)Full Marks : 80 Solution: To formulate this problem as a Linear Programming (LP) problem, we need to define the objective function and the constraints. Objective Function: The objective is to minimize the cost of production. We’ll define this cost as the total cost (in rupees) …

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Business Law – Question and Answers

Explain what is Free Consent and the instances under which Free Consent in an agreement would be affected. Please provide examples for each of such instance. ANSWER Free consent is a fundamental principle in contract law, indicating that parties involved in an agreement must willingly and voluntarily enter into the contract without any external pressures …

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