-Anticipation of demand requires a firm to do consumer research in anticipation of market's potential and consumers' desires.
-Management of demand includes:
-Stimulation: motivates consumers to want firm's offerings.
-Facilitation: makes it easy to buy offerings
-Regulation: involves balancing inventory to consumer demand.
-Satisfaction of Demand involves product availability, product performance, perceptions of safety, and after-sale services.
-An Exchange Process includes the agreement for payment: cash/credit/promise to pay or support for a firm, institution, idea, or place.
[...] They provide credit for all section of society Financial institution are responsable of the developpment of economy. Untitled-2.JPG Conclusion In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Whether it's important to note that not all financial institution are banks. There are to major types. However, they all do similar financial services. [...]
[...] What's the difference between a bank and a financial institution? Types of financial institutions Types of Financial institutions services The role of Financial institution Conclusion Untitled-2.JPG What is financial institution? Financial institution can be both private or public in nature. They act as a channel between savers and borrowers of funds They provide various types of financial services Untitled-2.JPG What's the difference between banks and financial institution? Broadly speaking, there are two major types of financial institutions Banks and other Deposit-type institutions Non-Deposit financial institution: Untitled-2.JPG Banks and other deposit types Commercial banks Savings and loan association Mutual saving banks Credit-union Untitled-2.JPG Non Deposit financial institution Life insurance companies Investement company Mortgage companies Check-cashing outlet Untitled-2.JPG Types of Financial services Accepting deposits Transfering funds Lending money Providing financial advice and investement services Untitled-2.JPG The role of Financial institution The financial institutions are responsible to transfer funds from investors to the companies. [...]
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