of forecasting demand Business forecasting is an essential ingredient of corporate planning. Such forecasting enables the manager to minimize the element of risk and uncertainty. Demand forecasting is a specific type of business forecasting. Concepts of Forecasting: The manager can conceptualize the future in definite terms. If he is concerned with future event- its order‚ intensity and duration‚ he can predict the future. If
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1. Explain economics? Economics is the study of how society allocates scarce resources and goods. Resources are the inputs that society uses to produce output‚ called goods. Resources include inputs such as labor‚ capital‚ and land. Goods include products such as food‚ clothing‚ and housing as well as services such as those provided by barbers‚ doctors‚ and police officers. These resources and goods maybe be considered scarce because of society’s tendency to demand more resources and goods than
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Tools of communication in organization Introduction Organizations are made up of people and each person receives information and processes them in different ways‚ and it is important that in every organization we have different tools to communicate with each other‚ and we have to make it sure that every message is understood by everyone to have a better implementation. Communication is one of the key to an organization ’s success. So it is important to know how to have effective communication
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Q1. Discuss and define the concept of ‘entrepreneurship’. The entrepreneur is our visionary‚ the creator in each of us. We’re born with that quality and it defines our lives as we respond to what we see‚ hear‚ feel‚ and experience. It is developed‚ nurtured‚ and given space to flourish or is squelched‚ thwarted‚ without air or stimulation‚ and dies. Michael Gerber The term ’entrepreneur’ has been around since the seventeenth-century‚ it originates from France‚ where the phrase “entreprendre” was
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Response to The Lost Tools of Learning Sayers believed the main problem with modern education is that children aren’t being taught to think. She believed that public education does not teach students how to understand relationships between subjects‚ nor does the public system teach students how to make sense of the information they learned. She was frustrated that adults cannot properly debate a question‚ write a lucid article in the newspaper or think for themselves when it comes to evaluating
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In Week 2 the discussion was about employee relations. To identify recruitment and selection strategies and methods as part of the workforce. Understanding and differentiate between job analysis‚ job description‚ and job specification. Discussing about the process an organization uses to ensure that it has the right amount and the right kinds of people to deliver a certain level of output or services in the future. Learning of the forecasting techniques which are quantitative and qualitative‚ a variety
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TOOLS TO ASSESS CURRICULUM ASSESSMENT STRATEGIES - Assessment strategies are the structures through which students’ knowledge and skills are assessed. A. PAPER-AND-PENCIL STRATEGY Essay - is a pencil-and-paper assessment where a student constructs response to a question‚ or brief statement. Select response - is pencil-and-paper assessment in which the student is to identify the correct answer. B. PERFORMANCE-BASED STRATEGY - is an assessment which requires students to demonstrate a skill
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Grade 9 Christian Living A. CONCEPT OF MORALITY Understanding Morality Adjectives that describe the morality of a person: 1. Moral correctly judges between right or wrong. Examples a. Moral - protect the weak‚ stand up for the downtrodden‚ love everyone as much as you can and more every day‚ jump on any and all opportunities to save an innocent life‚ do your best to live up to your potential for the betterment of the world. Doing what is right because it is right‚ feeding a starving
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Decision Making Tool Introduction Decision-making is whereby an individual makes a choice from among several available options. The decision that is made has to be logical so that benefits can be derived from the decision (Nutt and Wilson 7). Personal decision making topic The topic selected is one that many international university students face today‚ the topic for this decision making process is “ to go to school or not” this decision is critical since it highly shapes
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Advertising and promotional tools The basic idea behind the marketing concept is that you make what you can sell. Even a good product that satisfies a need has to be made known to its target customers. During the introduction and growth stages of the standard product life cycle‚ the producer has to develop brand awareness‚ inform potential customers about its existence and features. According to the well-known “four ps” formulations of the marketing mix (product‚ price‚ place‚ promotion)‚ this
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