What is Word-of-mouth marketing? Abbreviated as WOM marketing, it is a form of marketing wherein the consumer’s interest in the company’s offering is shown in their day-to-day dialogues. More precisely, it is free of cost promotion that takes place out of customer’s experiences, when they use the product offered by the company and get more […]
Test Marketing
What is Test Marketing? The best way for testing a new product is to introduce it in a full-blown test market. Test Marketing is a form of marketing the company supplies free samples to the target market. These samples are offered for sale in a limited number of stores. This will estimate the market response […]
Microprocessor Vs Microcontroller
Microprocessor and microcontroller are two different kinds of processors designed for different systems. A microprocessor is specially designed to fit into the computer systems. However, if we talk about the microcontroller, it is specially designed to fit into the embedded systems. Microprocessors only have the processor circuity on a single chip. On the other hand, […]
Channel Assignment Strategies
What are Channel Allocation Strategies? Channel Allocation is a method of assigning the existing channels to the various cells within the cellular system. Channel assignment is mainly done to manage the traffic demands of the cell. Concept of Channel Assignment We are aware of the basic idea involved in mobile communication that a radio signal […]
Balanced Scorecard
What is Balanced Scorecard? Balanced Scorecard implies a strategic management tool that helps identify and level up the internal functions and their external outcomes. It is a tool of management that converts the organizational goals into a number of objectives. These objectives are gauged, analysed and changed whenever required to ensure that the organisation reaches […]
Advertising Copy
What is Advertising Copy? Advertising copy implies a branded message that attempts to convert prospects into customers. It is the key text or script which advertisers use in the advertisement, be it radio, TV, printed or digital. This will include dialogue, catchy phrases, etc. Further, an advertising copy not just specifies your brand’s message, but […]
Strategy Evaluation and Control
What is Strategy Evaluation and Control? Strategy Evaluation and Control is concerned with that facet of strategic management, with which an organization makes certain that it is attaining its objectives considered in the strategic action. If the answer is no, then what are the necessary measures needed for achieving strategic effectiveness? In short, it is […]
Network Security Services
Network security services ensure adequate security systems connected in the and it ensures a secure data transfer. It is X.800, a security architecture for Open Systems Interconnection that defines these security services. We can also define security services as a processing or communication service provided by the system that offers a specific kind of protection […]
Advertising Agency
What is an Advertising Agency? An advertising agency refers to a team of creative experts appointed by the client (advertiser) to design, develop, produce and place advertising messages in media. For doing this work, the agency charges a commission of 15% on media bills from the media owners. Along with that, they also charge out-of-pocket […]
Profiteering
What is Profiteering? Profiteering is an unfair trade practice whereby businesses use unethical means to make excessive or unreasonable profits. It is also when businesses take undue advantage during the time of emergency so as to make more and more profit. They do so by charging high prices for essential goods. It is a form […]