forecast the sales of the company in future and it helps the company in budgeting it’s sales and to determine the resources which the company will require to fulfill that demand. 2. Forecasting demand method can also help the companies to avoid oversupply and undersupply of the products 3. This also helps the company in inventory management and lowers the cost of the warehousing. Quantitative methods are 1. Although this technique may seem too simplistic‚ its advantages are low cost and ease of preparation
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Training The most frequently used method in smaller organizations that is on the job training. This method oftraining uses more knowledgeable‚ experienced and skilled employees‚ such as mangers‚ supervisors to give training to less knowledgeable‚ skilled‚ and experienced employees. Training is defined as an organised procedure by which people learn knowledge/skill for a definite purpose. Thus‚ training improves‚ shapes and increases an employee’s knowledge‚ skill‚ behaviour‚ attitude and aptitude
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Exercise 1 The Scientific Method & Experimentation 1. Title of Paper | The Antibacterial Activity of Crude Leaf Extract of Citrus sinensis (Sweet Orange) | 2. Author(s) | Uchechi N. Ekwenye and Oghenerobo V. Edeha | 3. Name of Journal | International Journal of Pharma and Bio Sciences | 4. Define the Problem | The antibacterial activity of crude leaf extracts of Citrus sinensis on 5 bacteria strains. | 5. State the hypothesis (es)‚ if applicable | | 6. Statement
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1 of 20 Which of the following is a property of life that is best illustrated by shivering and sweating? Order Reproduction Regulation Growth and development Question 2 of 20 Which of the following is the correct order of complexity‚ going from least to most complex? Atom‚ molecule‚ cell‚ tissue‚ organelle‚ organ Atom‚ molecule‚ organelle‚ cell‚ tissue‚ organ Organ‚ tissue‚ cell‚ organelle‚ molecule‚ atom Molecule‚ atom‚ organ‚ tissue‚ cell‚ organelle
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Methods of Technology Transfer There are many reasons that a company might want to expand its operations on an international level: growth‚ profitability‚ and local market saturation are just a few examples (Beamish‚ Morrison‚ Inkpen‚ & Rosenzweig‚ 2003). Because different types of companies have different priorities when they expand into global markets‚ it is important to choose an appropriate method of internationalization. The purpose of this paper is to discuss the benefits and challenges associated
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Quantitative Research Methods Quantitative means quantity which implies that there is something that can be counted. Quantitative research has been defined in many ways. It is the kind of research that involves the tallying‚ manipulation or systematic aggregation of quantities of data (Henning‚ 1986) John W. Creswell defined quantitative research as an inquiry into a social or human problem based on testing a theory composed a theory composed of variables‚ measured with numbers‚ and analysed with
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Business Research Methods Define the distinctions between primary‚ secondary‚ and tertiary sources in a secondary search A primary source is one that is original. An example of a primary source is the recently published results of a new study. Primary sources are the work of the only the author. When using a primary source‚ it is usually contemporary with the research being examined. A primary source is without interpretation. Examples of secondary sources would include newspaper articles‚ newscasts
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Scientific Method - Mealworms Abstract The experiment is designed to determine which substrate‚ A (oat bran) or B (peat moss) will be better nourishment for a mealworm after exposed for 7 days. A total of 30 mealworms were placed in the substrates for a period of 7 days; 15 in substrate A and 15 in substrate B. The data was compiled and analyzed on day 7 to determine the change of mass in each of the mealworms. The experiment proved my hypothesis to be correct; the mealworms would not thrive
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Comparative Method Sociologists have embraced what is known as the comparative method as the most efficient way to expose taken-for-granted ’truths’ or laws that people have adopted. But what is this comparative method and how does it work? Are there any advantages/disadvantages to exposing these false ’truths’. What forms or variations of the comparative method exist? In the pages to follow I will attempt to give you some insight and understanding of what the comparative method is‚ and how
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Communication Multimedia communication is information/data that is transferred over the network and is composed in the following types: Text‚ images‚ audio‚ Fax‚ Memos and Videos. Web-based Communication Web-based communication would be speaking to people via e-mail and using the internet to get certain information about things. For example‚ certain websites are set up to communicate to people about the world and what is going on e.g. Daily Mail. Methods of communication Telephone – This is speaking
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