What is innovation in simple words? The process of translating an idea or invention into a good or service that creates value or for which customers will pay. … In business, innovation often results when ideas are
Read moreLatest Posts
2. Procurement and logistics
What is a recurring cost example? Recurring expenses are those expenses which are incurred by a business on a regular basis. These expenses are essential for running the business. For example rent, electricity, insurance, salaries and travel expenses. These are the expenses which a firm
Read moreMarketing 4.0
The four strategies of the Ansoff Matrix are: Market Penetration: It focuses on increasing sales of existing products to an existing market. Product Development: It focuses on introducing new products to an existing market. Market
Read moreEnglish Process writing
The Task Here is the process which we used for the entire 5-days: The diagram shows the stages involved in the process of making leather goods. Summarise the information by selecting and reporting the main
Read moreMaterial science 9 & 10
A solid solution is created when the atoms of one component are added to the lattice of the host material. there are two types of solid solutions: substitutional solid solution: atoms replace atoms
Read moreMaterial Science 7
Materials in which dislocations can move easily are those which tend to be soft and subject to easy plastic deformation. On the other hand, hard and strong materials can be obtained if it is difficult
Read moreMaterial science unit 8
When mild steel material is subjected to tension test, then it passes through various stages before fracture. Discussion is limited to Plastic region only. Beyond the elastic limit plastic deformation occurs and strains are not
Read moreINTRO TO BUSINESS ADMINISTRATION unit 1
Operational transformation processes:- A transformation process is any activity or group of activities that takes one or more inputs, transforms and adds value to them, and provides outputs for customers or clients. – free goods vs. scarce
Read morePhysics formula for semester 1
Physics formula :- What is instantaneous velocity? Instantaneous velocity is the velocity of an object in motion at a specific point in time. This is determined similarly to average velocity, but we narrow the period of time so that
Read moreECONOMICS 2 topics
The difference between households and enterprises Typical characteristics and types of enterprises Transformation processes and input/output ratios The economic principle Classification of goods and markets Shareholders and stakeholders of a company Business Administration as a
Read more