Search results for keyword: incremental
Service Forge Mode
Introduction
With todays increasingly competitive and globalized market, organizations must find ways to differentiate themselves to remain competitive. One of the most successful competitive strategies is to develop customer service-oriented models and initiatives. By focusing on customer servic......
17/07/2023 
1106 
Alice
potential market
Potential Markets
With the increasing use of the internet and technology in businesses, knowing and understanding potential markets is essential for any business in their success and growth. To identify and develop a potential market, it must first be defined. A potential market is defined as any......
Weber-Feller law
Weber-Fechner Law
Weber-Fechner Law is a law in psychophysics which deals with relationships between physical stimulus intensity and the perceptual intensity or experience of the stimulus as rated by a subject. This law states that the magnitude of a sensation increases proportionally with the ma......
The Two-Factor Theory of Advertisement Effect Accumulation
Advertising Effect Accumulation
The goal of any business using advertising is to build a successful, profitable brand in the most cost and time effective way possible. While it’s not easy to keep track of the effectiveness of our advertising efforts, one tool that marketers can use to measure su......
bidding system
Introduction
Bidding is a mechanism for open negotiation and competition among potential buyers with the purpose of deciding the most competitive price and the party that can provide the best terms of a specific service or good. The term “bidding” denotes a situation in which potential buyers m......
70 rule
Hydrofluorocarbons in Climate Change Mitigation
Hydrofluorocarbons (HFCs) are among the most potent man-made greenhouse gases established by the Kyoto Protocol, and their rapid increase across the globe threatens the stability of our climate system. It is important to develop a comprehensive glob......
Austrian School of Economics
Austrian Economic School
The Austrian Economic School is a school of economic thought founded in the late 19th century by Carl Menger and today associated with the theories of Friedrich von Hayek and Ludwig von Mises. The school of thought is known for its emphasis on methodological individualism......
Dafinan's Tax Thoughts
Adam Smith: Father of Taxation
Adam Smith is widely considered to be the “Father of Taxation” because of his groundbreaking work on the subject. He wrote a major treatise outlining the principles that underlie taxation and public finance, which became the basis for modern tax policy. Adam Smith......
Inframarginal Analysis Method
Introduction
The concept of marginal analysis is one of the most important economic tools used in decision making. It is the process of examining how the marginal benefit or cost of a given choice will change in response to a one-unit change in the choice. Marginal analysis is closely associated ......
bargaining model
Bargaining Models
Bargaining models are used in many negotiation contexts, from individual transactions to international agreements. Bargaining models are applied to assist negotiators in finding mutually beneficial outcomes in a difficult negotiation process. This article will provide a brief ov......
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