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Description (Main Difference) Microeconomics can be described as the study of individuals, firms, particular markets or households’ behavior in regard to decision making and allocation of resources. It focuses on economic issues at an individual level, company or group level like why an increase in the price of a product can lead to a lower … Read more
What Is PERT? PERT is an acronym for Program (project) Evaluation And Review Technique whereby planning, scheduling, organizing, coordinating and controlling are involved to make sure that the projects are done within due time. The emphasis of this technique is focused on start and completion of events rather than on activities. The activities taking place … Read more
The difference between a wet lease, dry lease and damp lease are usually used interchangeably within the aviation sector, normally the terms can be confusing especially if you haven’t had about them. Here is a simple explanation of the terms. What Is A lease? A lease is a contract outlining the terms under which one … Read more
Intensive Distribution, Exclusive Distribution, and Selective Distribution are three different distribution strategies that companies use to make their products available to customers. The chosen level of distribution chosen generally depends on different factors such as the production capacity, the size of the target market, pricing and promotion policies as well as the seasonal requirement of … Read more
The dependent variable, also referred to as the explained variable is the variable who’s outcome the researcher wants. The independent variable, also known as the explanatory variable is used to predict the outcomes of the dependent variable. In other words, the independent variables are used to explain the outcomes of the dependent variable in the … Read more