Discy Latest Questions

  1. Types of video conferencing can be segregated on various parameters like the type of network used for video conferencing, system being used for video conferencing or number of participating sites. 1. Depending on the type of network, we can list two types as follows: a. Video conferencing over ISDN:Read more

    Types of video conferencing can be segregated on various parameters like the type of network used for video conferencing, system being used for video conferencing or number of participating sites.
    1. Depending on the type of network, we can list two types as follows:
    a. Video conferencing over ISDN: ISDN is necessary to conduct video conference. These lines enable stability in the video conference because the speed of connection does not fluctuate and ensures quality throughout internet.
    b. Video conferencing over IP network: It is video conferencing over IP. The quality of the conferencing here depends on the internet speed of the participants.

    2. Depending on system or protocol being used, there are two types as below:
    a. Video conferencing with desktop applications: Desktop applications like Skype, Google talk are used for the video conference which do not used standard codecs and hence the quality is comparatively poor.
    b. Video conferencing with professional video conferencing systems: Video conferencing systems like, Sony, Lifesize are used. Usage of such external equipments improves the video conferencing quality.

    3. Depending on number of participating sites, there are again two types are follows:
    a. Point-to-point conferencing: In this conferencing only two parties are involved.
    b. Multipoint conferencing: As the name suggest, in this conferencing multiple participating sites are involved. A central unit is responsible for sending sound and images to all the participants.
    Here is an article which details out the types of video conferencing for your reference: https://si.ua.es/en/videoconferencia/types-of-videoconferences.html

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  1. Going by the formula, it is the percentage of the number of customers that you lost last quarter divided by the number of customers that you started with last quarter. Simply saying, the churn rate is the rate at which customers stop doing business with an entity. It is most commonly expressed as thRead more

    Going by the formula, it is the percentage of the number of customers that you lost last quarter divided by the number of customers that you started with last quarter.
    Simply saying, the churn rate is the rate at which customers stop doing business with an entity. It is most commonly expressed as the percentage of service subscribers who discontinue their subscriptions within a given time period. For a company to expand its clientele, its growth rate (measured by the number of new customers) must exceed its churn rate.
    It is also the rate at which employees leave their jobs within a certain period. While the churn rate is also known as the rate of attrition or customer churn.

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  1. Consumer behavior is the study of how consumers make decisions about what they need, want, and desire and how do they buy, use, and dispose of goods. Following are some of the factors that influence consumer behavior: 1. Personal factors: Personal demographics like age, gender, income, occupation afRead more

    Consumer behavior is the study of how consumers make decisions about what they need, want, and desire and how do they buy, use, and dispose of goods.
    Following are some of the factors that influence consumer behavior:
    1. Personal factors: Personal demographics like age, gender, income, occupation affect individuals preferences and hence the behavior.
    2. Psychographic factors: A persons attitude towards a product or an individuals lifestyle can heavily influence their buying behavior.
    3. Socio-cultural factors: The group that a particular individual interacts with play a vital role in their behavior towards a product or a service. It influences their preferences for brands as well.
    4. Motivation: The Freudian theory and the Maslow’s theory explain how a consumer decides to buy anything.
    You can read https://www.feedough.com/what-is-consumer-behaviour-ultimate-guide/ article to know anout the theories and also how consumer behavior works.

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  1. Value proposition is the promise of a tangible benefit that the consumer with experience on using a product or service by the business. A search engine Duck Duck Go states their value proposition as 'The search engine that doesn't track you'. They propose this because as a search engine they do notRead more

    Value proposition is the promise of a tangible benefit that the consumer with experience on using a product or service by the business.
    A search engine Duck Duck Go states their value proposition as ‘The search engine that doesn’t track you’. They propose this because as a search engine they do not collect user data for targeting ads.

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  1. MVP is a Minimum Viable Product created in the initial phase of business with minimal features that demonstrate that would demonstrate your business idea. An MVP is not a prototype. Following are some of the reasons why an MVP is created: 1. Validate assumptions: An MVP enables you to validate yourRead more

    MVP is a Minimum Viable Product created in the initial phase of business with minimal features that demonstrate that would demonstrate your business idea. An MVP is not a prototype.
    Following are some of the reasons why an MVP is created:
    1. Validate assumptions: An MVP enables you to validate your assumptions about the usability of your final product.
    2. Demand projection: You may be able to forecast demand for your final project depending on the response you receive from users with respect to your MVP
    3. Avoid Overbuilding: Inculcating the feedback received for MVP while developing the final product will make sure that you incorporate the features users want and not everything you desire.
    https://www.feedough.com/minimum-viable-product-mvp/ this article is a good read for the topic.

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  1. "Any place you work from becomes your workplace. It could be your home or office space in a large building. Within your workplace, a space that you sit at to get your work done becomes your workspace. For example if your workplace is office in a large building and you sit in cafeteria and do your woRead more

    “Any place you work from becomes your workplace. It could be your home or office space in a large building.
    Within your workplace, a space that you sit at to get your work done becomes your workspace.
    For example if your workplace is office in a large building and you sit in cafeteria and do your work then that becomes your workspace.

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  1. Both adverse selection and moral hazard is the result of asymmetric information. Moral hazard occurs when there is asymmetric information between a buyer and a seller and a change in behavior after a deal while adverse selection occurs when there is asymmetric information between a buyer and a selleRead more

    Both adverse selection and moral hazard is the result of asymmetric information. Moral hazard occurs when there is asymmetric information between a buyer and a seller and a change in behavior after a deal while adverse selection occurs when there is asymmetric information between a buyer and a seller prior to a deal. To explain adverse selection, it could be illustrated by market of lemons. n this market, the sellers have more knowledge about the quality and the history of their cars than the buyers. For example, we’ll assume there are two types of cars in this market, high-quality cars (peaches) and low-quality cars (lemons). The sellers know whether a car is a lemon or not, but the buyers cannot distinguish between the two (since lemons can only be identified as such after they have been bought). Hence the buyer would quote a real low price and therefore the peaches will leave the market and sellers of lemons would still stay this way it could prevent the adverse selection.
    The example of moral hazard could be explained by the carelessness adopted by the insuree after getting the insurance. For example if an insurer buys a car and does not care for it because anyway it has insurance then this is called problem of moral hazard.
    Hence, adverse selection and moral hazard describe many different situations between two parties where one of them is at a disadvantage due to a lack of information.

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  1. Generally, there are two major types of goodwill. The first one being the purchased goodwill. Goodwill is an intangible asset and it could be seen that the purchased goodwill comes around when a business concern is purchased for an amount above the fair value of the separable acquired net assets. ThRead more

    Generally, there are two major types of goodwill. The first one being the purchased goodwill. Goodwill is an intangible asset and it could be seen that the purchased goodwill comes around when a business concern is purchased for an amount above the fair value of the separable acquired net assets. This type of goodwill is then written under assets in a balance sheet. They are the only types of goodwill which can be recognized on a company’s accounts. The second one is, inherent goodwill and it is a complete opposite of purchased goodwill. This type of goodwill is internally generated and arises over time due to reputation, and it can be either positive or negative. This is a great kind as it costs you nothing and you can gain a lot from it however it takes a lot of time to build inherent goodwill.
    Although there are three other classes of goodwill i.e., dog goodwill, cat goodwill and rat goodwill. You can read more about it on this link: https://efinancemanagement.com/financial-management/goodwill

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  1. Economies of scale is companies enjoying cost benefits because of efficient production processes. When production increases the fixed cost amount decreases. Also since the material that the company is purchasing for production is in bulk, that cost also can be negotiated which may lead to reductionRead more

    Economies of scale is companies enjoying cost benefits because of efficient production processes.
    When production increases the fixed cost amount decreases. Also since the material that the company is purchasing for production is in bulk, that cost also can be negotiated which may lead to reduction in variable cost.
    Economies of scale provide competitive advantage to organizations.
    It is mostly enjoyed by large scale businesses that produce standardized products in large volumes.

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