In this article we will discuss about the concepts of heuristic model and heuristic programming used in managerial decision making. Heuristic Model: The term 'heuristic' means serving to discover or to stimulate investigation, in a literary sense. In its technical sense, heuristic is frequently associated with the simulation of human problem-solving techniques by means of computers. Heuristic model refers to [...]
In this article we will discuss about the meaning and determination of market share of a company. Meaning of Market Share: Market share is the percentage of a business's sales relative to the combined sales of all competitors in a given market. By achieving a large share of the market in which it competes, a business firm can gain important [...]
This article will help you to learn about the difference between a private company and a public company. Difference between a Private Company and a Public Company Private Company Difference - 1. Minimum number: The minimum number of persons required to form a private company is two. Difference - 2. Maximum number: The maximum number of members in a private [...]