Consumer’s Equilibrium || Theory of Consumer Behavior || Bcis Notes
Consumer’s Equilibrium A consumer’s equilibrium is defined as a point where he maximized the level of his satisfaction, given his resources and another condition. At […]
Introduction to Learning || Learning and Memory || Bcis Notes
Introduction to Learning: Learning is a continuous process and encompasses much more than what we do in school. It is a key process in human […]
The Law of Diminishing Marginal Rate of Substitution || Theory of Consumer Behavior || Bcis Notes
The Law of Diminishing Marginal Rate of Substitution (MRS) Marginal Rate of Substitution is the rate at which units of two goods ate substituted each […]
Four Levels of King David’s Crime || Ancient Tales || Bcis Notes
Four Levels of King David’s Crime (From the Holy Bible) 1. Literal Comprehension In the text, “King David’s Crime” King David lives in his palace […]
Properties of Indifference Curve || Theory of Consumer Behavior || Bcis Notes
Properties of Indifference Curve The main properties of indifference curves are explained below: 1. Indifference Curve Always Slopes Downward from Left to Right: This property […]
Social Influence || Sensation and Perception || Bcis Notes
Social Influence Social Influence is the change in behavior that one person causes in another intentionally or unintentionally as a result of the way, the […]
Indifference Curve || Theory of Consumer Behavior || Bcis Notes
Indifference Curve The indifference curve is supposed to be a very important tool to analyze utility. They are used to represent an ordinal measurement of […]
Cardinal Approach of Utility || Theory of Consumer Behavior || Bcis Notes
Cardinal Approach of Utility The central theme of the consumption theory is the utility-maximizing behavior of the consumer. The specific questions that consumption theory seeks […]
Social Behavior || Sensation and Perception || Bcis Notes
Social Behavior: Social Behavior focuses on how an individual responds to their environment. While living together or people share or gain experiences and attempts to […]
Uses and Importance of Elasticity || Theory of Consumer Behavior || Bcis Notes
Uses and Importance of Elasticity Some of the uses and importance of Elasticity are described below: 1. Product pricing: By evaluating the various degree of […]
Social Cognition || Sensation and Perception || Bcis Notes
Social Cognition: Cognition is a mental process in which the information is obtained, transformed, stored, retrieved and used. Social Cognition refers to the way in […]
Employee Motivation || Mobilizing Individuals and Groups || Bcis Notes
Employee Motivation Employee motivation is the level of energy, commitment, and creativity that a company’s workers bring to their jobs. Whether the economy is growing […]
Determinants of Price Elasticity of Supply || Theory of Consumer Behavior || Bcis Notes
Determinants Price Elasticity of Supply The main determinants/factors which determine the degree of price elasticity of supply are as under: (i) Time period. Time is […]
Conflict Management Strategies and Techniques || Mobilizing Individuals and Groups || Bcis Notes
Conflict Management Strategies and Techniques In any situation involving more than one person, conflict can arise. The causes of conflict range from philosophical differences and […]
Organizational Conflicts || Mobilizing Individuals and Groups || Bcis Notes
Organizational Conflicts Organizational Conflicts is also known as workplace conflict is described as the state of disagreement or misunderstanding, resulting from the actual or perceived […]
Team Management || Mobilizing Individuals and Groups || Bcis Notes
Team Management Team management is the ability of an individual or an organization to administer and coordinate a group of individuals to perform a task. […]
Determinants of Elasticity of Demand || Theory of Consumer Behavior || Bcis Notes
Determinants of Elasticity of Demand Determinants of Elasticity of Demand are discussed below: Income: The income of the consumer also affects the elasticity of demand. […]
Price Elasticity of Supply || Theory of Consumer Behavior || Bcis Notes
Price Elasticity of Supply Law of supply shows the direction of change in quantity supplied of a commodity with the change in the price of […]
Introduction to Illusions and Delusion || Sensation and Perception || Bcis Notes
Introduction to Illusions and Delusion: Illusions Perceptual illusions are a false perception. They are the misinterpretations or interpretations of stimuli that do not correspond to […]
Managing Work Teams || Mobilizing Individuals and Groups || Bcis Notes
Managing Work Teams Managing work teams are made up of a number of formal and informal groups. Such groups and teams are formed to satisfy […]
Process Of Organizing || Organizing Structure And Design || Bcis Notes
Process of organizing As a process of organizing involves the division of work, a grouping of activities, design of authority, and coordination of activities among […]
Principle Of Organizing || Organizational Structure And Design || Bcis Notes
Principle of organizing The principle of organizing clarifies the philosophy of organizing in a comprehensive way. Organizing can be started by keeping in view some […]