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Strategic Groups Definition – Meaning And Examples

Definition Strategic groups can be defined as a group of companies within a particular industry that follows a similar strategy or similar business model. The companies that are part of the same...

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Marketing Intermediaries – Meaning and Types Of Intermediaries

It rarely happens that customers directly buy from the company. In most of the cases, there are many intermediaries which are present between the company and the customer. These intermediate...

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What is a Lean Office? Principles and Design of a Lean Office

In simple terms, the lean office is defined as the application of lean management principles or lean philosophy to the front end processes. It was Toyota manufacturing that developed the concept of...

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Recency Effect – Meaning, Examples and Role

As per many psychological theories, when you will be asked to recall the items in any order from a list, there are brighter chances that you will remember the things that were at the end of the list...

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Quality Audit – Definition, Meaning, Types, Advantages

Definition Quality audit is a process of examination and verification of procedures, records, and activities of a quality system that is carried out by an audit team or an internal or external quality...

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Training Needs Analysis – Features, Components, Levels and Benefits

Training Needs Analysis is the process of identifying the training and development needs of the workforce, so they can perform their jobs more effectively to accomplish individual and company goals....

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What is Product Quality? 7 Steps of Product Quality Management

In simple terms, you can understand product quality as a characteristic that is a further conglomeration of different features for fulfilling the customer needs and maintaining the industry standards,...

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Marketing Request Forms: How to Create One Your Team Will Actually Use

Requests from your marketing team are pouring in left, right, and center. Your email marketer needs access to a tool, your content writer needs a brief for your latest blog post, and your social media...

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Quality Assurance – Definition, Meaning, Certifications, Models

Definition Quality assurance is a method to meet customer needs, requirements and expectations in terms of price, reliability, design, functionality, and durability of a product. It ensures that the...

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What is a Market Profile? Definition and How To Create One

Definition  Market profile is the set of characteristics that can help a business entity in recognizing a market segment or a target group of population or buyers. Understanding market profile Market...

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Unit Price – Definition, Examples and Calculations

You must have faced situations when you are supposed to compare prices of items that are not sold in equal quantities. If it has confused you a bit, then let me tell you here that by knowing the unit...

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Marketing Operations: The Start to Finish Guide for Busy Managers

You’re managing a team of marketers. Each has a different job, a different set of tools, and a different way of working. How can you manage those and make sure they’re spending their time effectively...

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Underutilisation Definition, Meaning and Factors

When full utilisation of the potential/capacity of the workforce and resources essential for optimized growth rate is not being practiced, it is termed as underutilisation. An organization suffering...

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How Marketers Can Identify Their Best Customers to 3X Business Growth With...

How much do you know about your customers, especially the very best ones? Companies that conduct ongoing customer research grow two to three times faster than those that don’t. How many? About 70% of...

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Labour Relations – Components, Importance, Purpose

Labour relations incorporate the processes involved in between Management & Union or Employers & Workforce for making effective decisions and channelising an organisation. With the inclusion...

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Market Development – 4 Steps and 5 Types Of Market Development

Market development is a strategy for growth that organizations use to develop new markets or new market segments for existing products. The primary targets of market development strategy are the...

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Freelance Marketing: Your Guide to Getting Started and Finding Success

So, you’re freelancing, and you want to figure out how to market more effectively? You’ve spent some time learning your industry and figuring out what you’re good at. You know there’s more you can be...

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What is Marketing Intelligence? Benefits and Tools

Marketing Intelligence is a process where a company or business gathers, monitors and analyzes relevant information for result-driven decision making about marketing opportunities, niche market...

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What Is Marketing Resource Management (and How Can It Help You Defeat Daily...

If you’re a marketing manager, you know how challenging the job can be. Take a second to think about your day-to-day routine. How many of these tasks are part of your daily working process? You’re...

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Interactive Marketing – Meaning, Types, Advantages of Interactive Marketing

A marketing campaign that improvises as per the inclinations, preferences, and reactions of customers to make the campaign more relevant and personalized is understood as Interactive Marketing. We all...

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