Consumption function and constituency analysis, Management Theories

Assignment Help:

Consumption Function:

A function capturing the dependent  relationship  between customer spending and income, where changes in customer spending are directly proportional  to changes in profits, but these changes do not occur in a one to one fashion. This means that if a person were to get a profitable, he or she would not spend the entire increase on services and products existing in the economy, but would spend some of it.

Constituency Analysis:

This involves identifying detailed groups and subgroups within a community at huge. These groups are characterized by certain individuality that will influence how they receive and interpret an outer communication message about an organization. The goal with constituency analysis is to first identify who the constituency really is, then determine what their attitude is toward the organization, and then determine what they previously know about the communication in question. It is not always evident who the main constituency is, and subgroups with various characters will also likely exist. Thus, the analysis of relevant constituents is important because it ultimately determines the nature of your message.

 

 


Related Discussions:- Consumption function and constituency analysis

Importance of management, Importance of management: 1. It will be all c...

Importance of management: 1. It will be all confusion and no body will know what to do and when to do . It is management which guides and controls the activities of man power f

Limitations of management, Limitations: 1. Workers feared that they req...

Limitations: 1. Workers feared that they require working harder and faster and may lead to exhaust whatever work was available causing lay off and therefore they formed unions

Explain the advantages of planning, NEED,IMPORTANCE AND ADVANTAGES OF PLANN...

NEED,IMPORTANCE AND ADVANTAGES OF PLANNING  Planning is valuable due to the following reasons:  1.  Basis of Success  Planning is the foundation of successful operation

Components of the strategic planning process, 1. Briefly explain the monito...

1. Briefly explain the monitoring, measuring, and adjusting components of the strategic planning process. The strategic plan are designed based on the predictions and assumptions,

Hrm, concept,prospective and importance of hrm in a growing organization?

concept,prospective and importance of hrm in a growing organization?

Causality and correlation, Causality and Correlation: Often there may ...

Causality and Correlation: Often there may be a connection among 2 events: That is, when event happens, event B tends to happen.  However, this does not mean that A causes B;

ORGANIZATION, Explain the difference between formal and informal team and d...

Explain the difference between formal and informal team and describe two different organizational structures.

Process for making informed predictions, Process for making informed predic...

Process for making informed predictions Informed predictions are made by the help of strategic planning process and there are three steps to successfully make the informed predicti

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd