TERMINOLOGIES
EFFECTIVE COMMUNICATION
Communication is the process of sharing information, thoughts and feelings between people through speaking, writing or body language. Effective communication extends the concept to require that transmitted content is received and understood by someone in the way it was intended.
What is managerial economics?
Managerial economics is a science that helps to explain how
resources such as labor, technology, land, and money can be allocated
efficiently. Managerial economics focuses on decisions individuals
make.
SUPPLY CHAIN PERFORMANCE
Competitive strategy
It is defined as, relative to competitors, the set of customer needs that it seeks to satisfy through its product and services.