Business Awareness Questions

DMAIC refers to define, measure, analyze, improve, control phases.

Capital budgeting is the process by which a company or an industry determines whether projects such as investing in R&D, opening a new branch, replacing a machine are worth pursuing. A project is worth pursuing if it increases the value of the company. Capital budgeting also known as investment appraisal. 

It is primarily concerned with evaluating investment alternatives.

Effective sales management begins with determining sales goals. Effective sales management stems from a success-oriented sales force that accomplishes its mission economically and efficiently.

A market is said to be in equilibrium when market demand is equal to market Supply.

The primary goal of a business firm is to maximize profit.

Inclusive unionism is practiced mostly by industrial unions. The practice of a labor union of including as members all workers employed in an industry is called as Inclusive unionism.