The balance of trade, also known as the trade balance or net exports, is a crucial indicator of a country’s economic health and its relationship with the global
The balance of trade is a fundamental economic indicator that measures the difference between a country’s exports and imports in terms of value. It provides valuable insights into
Advantages of Sales Quotas The following are some of the advantages and disadvantages of fixing sales quotas. 1. Sales quotas enable the management to estimate the total sales
Methods of Setting Sales Quotas The sales quota is determined in many ways. 4 important methods of setting sales quotas are discussed as follows: 1. Top Management Downward
Different Approaches to the study of Marketing 7 different approaches to studying marketing are discussed briefly as below. 1. Product approach in studying marketing The focus here is
Marketing Information System (MIS) A company should establish a system to interpret the market information available to it efficiently. The system is expected to do more than mere
When was Indian Council of Arbitration established? The Indian Council of Arbitration was established in 1965 as the apex arbitration body by the government. It promotes arbitration as
What is a Primary Data in Marketing Research? Data collected originally by the researcher himself for the purpose of his study are known as primary data (datum is
Incorporation of State Trading Corporation (STC) The State Trading Corporation (STC) was established by the Union Government in May 1956. It was incorporated under the Indian Companies Act,
Origin and History of United Nations Conference on Trade and Development (UNCTAD) The need for reducing disparities between the rich and the poor was keenly felt at the
