Appendix A contains a portion of random number table. For convenience of readers, the digits are grouped into sets of 3 and are arranged in 12 rows on each page. For obtaining random number, a pencil may be dropped blindly and the starting point for reading of the numbers shall be the random digit nearest to the spot indicated by [...]
After reading this article you will learn about the concept of probability and its application. Concept of Probability: The basic idea in the theory of probability is the law of large numbers. Probability concept states that certain mass phenomenon have a tendency towards regularity in behaviour i.e. if sample is drawn from the mass of universe (population) without any bias, [...]
This article throws light upon the five most common routes used for bringing products in the market. The routes are: 1. Manufacturer→ Consumer→ Channel 2. Manufacturer→ Retailer→ Ultimate Consumer 3. Manufacture→ Wholesaler→ Retailer→ Consumer 4. Manufacturer→ Agent→ Wholesaler→ Retailer→ Consumer 5. Manufacturer→ Wholesaler→ Consumer or User. Route # 1. Manufacturer→ Consumer→ Channel: (Direct Sale) There are three alternatives in direct [...]