Meaning of Revolving Credit

What is Revolving Credit? The caveat in credit card spending is never to have any bills outstanding.  If a customer does not pay the total outstanding amount by the due date, the Card Issuing Bank will charge a very high interest rate( even up to 44% per annum) on the outstanding amount and probably another service charge on top of that.  This is where the Card Issuing Bank make extra money.  In fact, Card Issuing Bank actually encourage customers to revolve credit by offering appropriate schemes...

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Credit Card Complete Transaction Cycle

How does the credit card transaction takes place, with complete transaction process cycle? Lets understand the complete cycle with an example.  Let's assume that you make an purchase of an good for $/Rs.xxx.  You pay with your Bank Credit Card.  The Merchant establishment accepts your card, swipes it on a console and enters the billed amount.  When the swipe is done, the information contained in the magnetic strip of the card...

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Infosys: KV Kamath, the Successor of Narayana Murthy.

On April 30, 2011 in Bangalore, India. Announcing in the Press meet the successor of Narayana Murthy and other changes made in the Top management of Infosys. Starting with the change in the company's name from Infosys Technologies to Infosys Ltd. Narayana Murthy passes the baton to Kv Kamath. Narayana Murthy(left), KV Kamath (right) Nagavara Ramarao Narayana Murthy, who is considered to be an great leader and the search for...

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Understanding Customer Experience, The importance of CEM over CRM

The points mentioned in this article can be described briefly under the following headings. 1. Defining what is customer experience2. The importance of CEM over CRM3. Means of tracking customer experience and acting on it4. Rating the customers Most companies forget to keep the customer experience on the forefront and prioritize on factors like marketing, advertising, increasing sales and promoting their products. Customers are baited...

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Article Summary: Using Activity Based Costing and Economic Profit to Grow the Bottom Line

Using ABC costing management technique as well as Economic Profit or EVA can dramatically improve the financial health of a Company as it presents the real picture or the fact sheet, as the ABC tracks the cost objects consumed in the activities and therefore the resources consumed in those activities, to know accurate individual overheads instead of simply relating on the volume. The ABC concept is defined as costing technique that takes into...

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Article Summary: Leadership – The 5 Big Ideas

Although there are a plethora of books on the subject of leadership, they revolve around the concepts and ideas mentioned below under the following headings. 1. Good leaders have good characterCharacter of a person can play a vital role in the making of a good leader. The followers want to listen to someone who has integrity of character, which means he should be trustworthy, truthful, genuine, sincere, responsible, committed and so on so forth....

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The Balanced Scorecard, Competitive Strategy, and Performance

The objective of this summary is to explain the different types of indicators and various types of groups who give emphasizes on these perspective indicators in balanced scorecard for the purpose of formulating competitive strategy. The Balanced scorecard (BSC) takes both financial and Non-financial performance indicators for the purpose of measuring the performance for an accurate decision making.  The major indicators/management control perspectives...

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Article Summary: Innovation in Internet Age

Article Summary on, "Innovation in the internet age" written by Christopher Skinner. The objective of this summary is to explain the importance of innovation in the current business field with the help of Internet. Now the companies are looking forward for renewing their business processes and involved in building new markets using the new medium called Internet, Internet has become an integral part of the individual. Internet is playing an important...

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Article Summary: Innovative HRM and Corporate Performance

Article Summary on, "Innovative human resource management and corporate performance in the context of economic liberalization in India" written by “Ashok Sam”. The objective of this summary is to explain whether any changes took placed post liberalization in India and what are those if any? How HRM is perceived by the organization and its scope in the present situation? A study has been conducted in various organizations irrespective of size of the company to find out various practices which has been implemented and given weight in the decision...

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Article Summary: The Long-Term Impact of Loyalty Programs on Consumer Purchase Behavior and Loyalty

Article Summary on, "The Long-Term Impact of Loyalty Programs on Consumer Purchase Behavior and Loyalty" written by Yuping Liu. The objective of this summary is to explain the research conducted on impact of loyalty program on various type of customer and how the customer perceives the customer loyalty program.  The study was more concentrated on these consumer loyalty programs which changes consumers’ patronage levels to the firm and the outcomes...

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Article Summary: The Effect of Perception on Indian Urban Female Consumer Buying Behavior

Summary of the Article, "The effect of perception on Indian urban female consumer buying behavior" written by Dr.Avinash Kapoor and Dr.Chinmaya Kulshrestha. The objective of this study is to know the fashion involvement of selected affluent female consumers and to find the relationship between the fashion involvement and the media usage, personality traits (self-confidence and public self-consciousness), price perceptions (price/quality and prestige sensitivity), and selected demographic characteristics of affluent females consumers and to know...

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Article Summary: Impact of Mergers and Acquisitions on Corporate Performance in India

This is to summarize the article, “The impact of mergers and acquisitions on corporate performance in India" written by “Satish Kumar and Lalit K. Bansal ”. The objective of this summary is to explain the changes occurred post M&A of the firms and financial performance of the firms and to find out whether merger or acquisition is suitable to increase the different perspectives of the organization performance.   The main reason for this kind of move by the corporate  are to gain greater market power, gaining the new innovations thus...

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Brand Name and Mascot, Logos - Business Quiz Questions with Answers

Click Here: INDEX PAGE: BUSINESS Quiz MATERIAL. What is the Reebok Logo called? Answer: The Dynamic Vector What is the Nike Logo Called? Answer: Swoosh What is the name of the tiger mascot of Kellogg's Frosties breakfast cereal? Answer: Tony This Tyre company's logo was formed with the suggestion of a lorry driver at a small road-side dhaba, who said that a good tyre should be tough and rugged as a wrestler - thus...

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