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Ii is experienced that sometimes a vaguely formulated problems introduces many difficulties in proper decision making as well as to conduct true and relevant research. A proper definition not only arrives at an operational statement but it also uncovers the basic problem that underlines the symptoms which are to be solved. The followings are the main advantages of problem formulation:
a. It orients i ,e, brings into clear understanding of the relations and determines the position of decision maker and there searcher within the framework of classified marketing.
b. It tires to relate the problem with other marketing problems by finding hidden difficulties and new opportunities.
c. Suggests the source of data and facilitates their interpretation.
d. Determines the action needing priority and the one with needs more detailed investigation.
e. Enables the decision model to be well conceived.
f. Identifies the data relevant to the problem.
g. Pinpoints the gaps in the knowledge that may call for formal research
This is caused when the information gathered is different from the information sought. For example respondents are asked to indicate whether they own a color television set,. Some
Denomination of Export Contracts: All export contracts and invoices shall be denominated in freely convertible currency and export proceeds shall be realised in freely convertible
Registration-cum-Membership Certificate: Any person, applying for a licence to import or export or for any other benefit or concession under this policy shall be required to finis
Consider the needs of your community and the world around you through the eyes of a social marketer. To this end, choose a social, environmental or health issue (e.g. recycling, sm
METHODS OF DISPUTE SETTLEMENT : There are many reasons due to which a dispute may arise between an exporter and an I importer. A common cause for dispute relates to quality. Und
Q. Explain the concept of product positioning? Ans : As rightly said by Al Ries with Jack Trout (who introduced the concept of Positioning in the early 1970's in their series
Marketing Reasearch Process: 1. specifying research objectives: In this step of the research process researchers must first obtain answer to the question," what is the purpos
Q. Areas of operation in industrial buying? The initiation stage: This is a phase in which a problem or a need is recognised by the organisation. For instance as a result of
Advantages of --Duality in linear programming?
Amount: The loan amount is decided on the basis of export order and the credit rating of the exporter by the bank. Generally the amount of packing credit will not exceed FOB value
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