Product packaging has earned a great importance today. Probably, It is said that first impression is the last impression. If your product did not attract the customers first time, then you never make your product a brand in the market. The process of enclosing and distributing the product in the market, Storing the product in the warehouses and selling the products in the retail store and shopping malls and protecting it for the use of end consumers is called product packaging. Product packaging is used to preserve and contain the products, Product packaging protects the product from damaging before it reaches to the buyer. Product packaging prepares the product for transporting, warehousing, selling, and using.
Archives for May 2016
To know exactly what methods of exchange control are? First we should try to understand that what exchange control is? Exchange control refers to the policy of the government through which it controls or intervenes in the foreign exchange market. In other simple words, government puts restrictions on the sale and purchase of foreign currencies and refers a measure which influences the foreign exchange rate and closing free movements of foreign exchange in the country.
Brand management is all about fulfilling the expectations of the consumers by providing continuous and consistent consumer satisfaction. Brand Management enables the companies to earn more money from the products, grab a large market share, and win the loyal customers by creating positive associations towards the brand.
There are four reliable methods of advancing loan by banks. As we know that “banks borrow to lend”. After keeping a portion of the total deposits, as cash reserve, the balance amount is either invested or advanced to needy persons and businessmen to earn profit. Hence for this purpose, bank advances his balance cash by using different methods. These methods are known methods of advancing loans from bank.
Marketing segmentation strategies have documented a lot benefits of the successful implementation of marketing plan. In order to understand the strengths of the Market Segmentation Strategies in business it is very important to fully grab the meaning of Market Segmentation itself. Let’s just have an eye ball of Segmenting the Broad Market.
Letters of credit are issued by the bank to his customers specially the businessman to provide facilities in the business transaction in different places. There can be personal letters of credit and commercial letters of credit. Commercial letter of credit is used in foreign trade when one exporter wants to get the value of his exported goods before the delivery of importers, and the importers in such a situation get help from bank in the shape of issuing “Letter of Credit”, to receive the delivery of the good.
There are number of reasons of dishonor of cheque and without any valid reason, bank never refused to make payment. If the bank for a valid reason refuses to make the payment of a cross cheque, this cheque is called as a “Dishonored Cheque”. It is the duty of the bank to honor the cheque of his clients if complete or valid in all respects. However, the bank can refuse to make the payment of a cheque in the following cases:
Sales force management is the soul of the company. Establishing a world recognize brand does not only require marketing and advertise efforts, but it also requires the sales representatives or in simple words sale force along with all other promotional activities. Firms are now investing considerable funds, time and expertise to rain the sales force. In order to compete in the market and getting brand recognition; a quality product needs a quality sale force. The Sale Force is the FACE of the Brand or the Product. A very important aspect of marketing that yields business is the efficient and effective use of sales force management and companies are always looking for better ways to complete this task.
Research and development is one of the major functional areas of an organization that is helpful in the identification of strengths & weaknesses of the organization after proper examination. There are certain organizations that are not involved in the research & development activities while there are certain other organizations whose survival depends on the effective research and development activities. When an organization formulates & implements product development strategy, then it strongly needs potential research and development activities. It is all about the research and development of business organization that its able to introduce a new idea or product in the market. So research & development have great importance in businesses.
Supply Chain Management (SCM) is very critical to the success of any business organization. It involves the management of movement of products or services of business organizations. It begins with the accumulation of raw materials, than moves towards required processing on materials to convert them into finished goods and further it involves making the product available for sale, and finally concludes at the delivery of product to the end consumer.