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If we consider the injunctions of the Holy Quran, it would appear that the system for the distribution of wealth laid down by Islam envisages three objects: a) The establishment of a practicable system of economy: The first object of the distribution of wealth is that it would be the means of establishing in the [...]

There are usually three types of Business: service enterprise merchandise (sale and purchase) enterprise manufacturing enterprises TYPES OF BUSINESS ORGANIZATIONS: Corresponding to three types of business, there are three types of business organizations viz Sole Proprietorship, Partnership firm and Public Limited Companies or Corporations. Different combinations of businesses and business organizations can occur. For example, [...]

MEETING THE CHALLENGE: CREATING A SUCCESSFUL CENTRAL BANK The boom in the past decade with its associated decrease in volatility may have happened because technology sparked a boom just as central banks became better at their jobs. Policymakers realized that sustainable growth had gone up, so interest rates could be kept low without worrying about [...]

INDIVIDUAL CULTURAL VARIABLES Food It may be a good idea prior to visiting your host country to visit various ethnic restaurants in your home country. Then you’ll have an initial idea as to the kinds of foods available: how they are served, fixed or eaten. Perceptions of Food a.Are you aware of the eating habits [...]

ATTITUDES CHAPTER 5: INDIVIDUAL DETERMINANTS OF CONSUMER BEHAVIOR Understanding: Attitudes Attitude Research Characteristics of Research Attitude is a learned predisposition to behave in a constantly favorable or unfavorable way with respect to an object As consumers each of us has a vast number of attitudes towards products, services, advertisements, internet, etc… Whenever we are asked: [...]

CONSUMER MOTIVATION CHAPTER 5: INDIVIDUAL DETERMINANTS OF CONSUMER BEHAVIOR Understanding: Motivation as a Psychological Force Needs Goals Positive & Negative Motivation Rational vs. Emotional Motivation Types and systems of Needs Hierarchy of Needs Savvy companies define their missions in terms of consumer needs they satisfy rather than the products they make and sell. Consumers basic [...]

UNDERSTANDING PERSONALITY CHAPTER 5: INDIVIDUAL DETERMINANTS OF CONSUMER BEHAVIOR 1. PERSONALITY The Nature of Personality Theories of Personality Freudian Theory Trait Theory Brand Personality Self and Self Image 2. MOTIVATION Motivation as a Psychological Force Needs Goals Positive & Negative Motivation Rational VS. Emotional Motivation Types and Systems of Needs Hierarchy of Needs Trio of [...]

SOCIAL CLASS CHAPTER 4: ENVIRONMENTAL INFLUENCES Understanding: Social Class Measurement of Social Class The concept of Social Class is used to assign individuals or families to a social class category. Social Class may best be e thought of as a continuum – a range of social positions on which each member of society can be [...]

PM’s nine Knowledge Areas 1. Project Integration Management Project Integration Management includes the processes required to ensure that the various elements of the project are properly coordinated. It involves making tradeoffs among competing objectives and alternatives to meet or exceed stakeholder needs. These processes interact with each other and with the processes in the other [...]

MORAL INSTITUTIONS The social imperative This idea means that, according to H, Spencer,(as he discussed in his book, Data of Ethics) we must consider the ideal man as existing in the ideal social state. A state is supreme social institute that is the hub of our social and moral activities. It is impossible for a [...]