Notes and Study material for Exams
[su_heading size=”21″]Types of Industries[/su_heading] Based on the value addition and tangibility broadly we can have three types of industries – primary industries,secondary industries and tertiary industries. Primary industries are usually very simple industries involving processing of raw materials to give input goods for secondary industries. Here value addition is usually minimal and they are … Read more
The Consumer protection Act is an Act to provide for better protection of the interests of consumers and for that purpose to make provision for the establishment of consumer councils and other authorities for the settlement of consumers’ disputes and for matters connected therewith .A number of laws have been enacted in India to … Read more
Consumer protection and Remedies In regulatory jurisdictions that provide for it (comprising most or all developed countries with free market economies), consumer protection is a group of laws and organizations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace. The laws are designed … Read more
PDCA Cycle Plan, Do, Check, Act (PDCA) is a well-known and respected approach to helping teams plan and implement a solution to a problem, often testing it on a micro scale and reviewing the results before agreeing how to proceed. PDCA encourages an engaged, problem-solving workforce – the method is not limited to … Read more
Marketing MIX Marketing involves a number of activities. To begin with, an organisation may decide on its target group of customers to be served. Once the target group is decided, the product is to be placed in the market by providing the appropriate product, price, distribution and promotional efforts. These are … Read more
Liability based on fault Fault liability requires some basis to determine whether someone was negligent, i.e. at fault for the harm he caused. Briefly, that would require: Duty Breach of that duty Proximate cause Actual cause Damages For example, if you were in a car accident, the fact that you were speeding … Read more
Consumer protection is a group of laws and organizations designed to ensure the rights of consumers, as well as fair trade, competition, and accurate information in the marketplace. The laws are designed to prevent the businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors. They may also provide additional protection for those most vulnerable … Read more
Marketing Management is a social and managerial process by which individuals or firms obtain what they need or want through creating, offering, exchanging products of value with each others. CORE CONCEPTS OF MARKETING NEED/ WANT/ DEMAND: Need: It is state of deprivation of some basic satisfaction. Want: Desire for specific … Read more
Vulture Restaurants: A Feast of Controversy and Culinary Innovation The world of fine dining is a delicate ecosystem, where reputation, innovation, and customer experience are constantly intertwined. In recent years, a new breed of restaurant has emerged, challenging traditional notions of service and cuisine. These establishments, often dubbed “vulture restaurants,” have garnered significant attention, sparking … Read more
Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme: Boosting India’s Export Competitiveness Introduction India’s export sector plays a pivotal role in driving economic growth, generating employment, and fostering technological advancements. However, the country faces stiff competition in the global market, often hampered by high input costs and complex tax structures. To address these … Read more