Organization Need People or People Need Organization Essay Example For Students

Association Need People or People Need Organization Essay Hierarchical Behavior PEOPLE NEED ORGANIZATION OR ORGANIZATION NEED PEOPLE SUBMITTED BY MONIKA RAJPUT MBA 1. Presentation Definitely association consistently works for its clients. Benefits of any association are just relying upon the no. of clients it have. So you can say that association needs individuals (as clients) for its appropriate development and supportability. On the opposite side inquiry emerges that how an association work? Straightforward answer! The individuals working for the association make it to work. This gathering of individuals is known as workforce. Is it not the two of a kind which is consistently centers for the benefit, development and individual necessities whether it is an association or the individuals. Without individuals, association can't accomplish their objectives, and the other way around without association individuals can't satisfy their necessities and wants . So both the association and individuals are commonly reliant on one another. Let’s talk individually. 2. WHY ORGANIZATION NEED PEOPLE There are two manners by which an association needs individuals for its reality 1. As Customers 2. As workforce 1. AS CUSTOMERS With the expanded globalization of business sectors, rivalry among advertise players has gotten progressively serious. In this serious market, one of the most significant elements is the accomplishment of consumer loyalty and greatness in administration. In spite of the fact that the idea of consumer loyalty in client arranged administration isn't new, the connection among clients and partnerships has been changing practically every day. Clients are turning into the supreme substance for companies as an official conclusion creators for business arrangements and acquisition of items. All associations exist to serve a client. Clients are genuine individuals, not account numbers or endeavor names. Along these lines, client purchasing choices are all the time made for enthusiastic reasons. It is in this manner generally critical to get clients, their degree of fulfillment, and their assessments of an endeavor, just as their assessments of its rivals, if the venture is to develop and improve its piece of the pie. SWOT examination can likewise assume a job in getting clients. Subside Drucker, the exceptionally respected administration researcher and essayist, expressed, â€Å"The just legitimate meaning of business design is to make a client. † Successful associations of things to come will be those that can give merchandise and ventures to the clients who need it, where they need it, and in the amount and at the value they need it, in this manner pleasing instead of simply fulfilling clients. Client enjoyment will prompt dependability, which is one of the basic pointers used to quantify the accomplishment of an advertising system. Administrations can't, in any case, be performed without some type of connection between the maker and the shopper and can't be put away and held for later use in the manner normal of numerous substantial products. Business companies put forth attempts to make and furnish their clients with higher worth included, which comprises of components, for example, lower costs, extra advantages, and uniqueness in administrations. With fast advances in data and correspondences innovation, companies can exploit the rising IT frameworks to make foundation inside the association to improve responsiveness to client needs and to follow those necessities, in this way improving consumer loyalty altogether. Top administration ought to know about how to tap its intensity to improve client administrations, bringing about better assistance quality and smoothing out of procedures. Here is a model where you can find that why clients are significant for the presence of an organization or association Model 1: Auto insurance agencies require data about individuals who live with you Are vehicle safety net providers permitted to require data about the individuals who live with you for your accident coverage strategy? The general concept of an accident coverage organization requesting such data from you may appear to be hostile. All things considered, what business is it of theirs, who lives in your houseâ€particularly in the event that you are the main individual driving the protected vehicle? Insurance agencies must consider an assortment of components before deciding the last cost of your accident protection strategy. Recall that the protection supplier isn't just safeguarding the cost of the vehicle, yet additionally guaranteeing the government assistance and prosperity of every traveler associated with an impact The insurance agency will demand that any individual who lives in a similar house, and who as often as possible or unpredictably works a similar vehicle as a guaranteed driver, must be represented on the approach and should accept responsibility as a subsequent driver. Thusly, on the off chance that a youngster happens to legitimate age, at that point the insurance agency will typically demand that the person in question is formally added to the strategy, except if they have their own different approach. Does the insurance agency reserve the privilege to get some information about different drivers in your home? Certainly. The insurance agency is attempting to choose if they need to put resources into your driving wellbeing. Additionally remember that the National Highway Traffic Safety Administration (NHTSA) requires insurance agencies to request this data, as this demonstrates the organization to be an authentic and authorized protection supplier. Since the insurance agency is required to pose this inquiry, they should be offered a response relating to all individuals from the close family, and their driving history. This data will assist the organization with assigning an appropriate accident coverage rating, and will at last choose the measure of hazard included. Continuously answer this inquiry honestly. In spite of the fact that no one appreciates obtrusive addressing, with regards to protection arrangements, these inquiries must be replied. All things considered, you as an essential driver need to reveal any potential situations to the insurance agency well ahead of time of an agreement being agreed upon. At whatever point an unexpected situation happens (something not recorded on the approach) at that point it is normally not secured. Not honestly responding to questions is equivalent to distortion. This will bring about a forswearing everything being equal and an abrogation of the strategy. So you may effectively reason that why association need individuals as clients. Let’s take one more model The promoting idea and reasoning is perhaps the least complex thought in showcasing, and simultaneously, it is additionally one of the most significant advertising ways of thinking. At its very center are the client and their fulfillment. The advertising idea and theory expresses that the association ought to endeavor to fulfill its clients needs and needs while meeting the associations objectives. In basic terms, the client is above all else. The ramifications of the showcasing idea is significant for the executives. It isn't something that the showcasing division controls, nor is it the sole space of the promoting office. Or maybe, it is received by the whole association. From top administration to the least levels and over all branches of the association, it is a way of thinking or method of working together. The clients needs, needs, and fulfillment ought to consistently be principal in each chief and workers mind. Wal-Marts maxim of fulfillment ensured is a case of the showcasing idea. Regardless of whether the Wal-Mart worker is a bookkeeper or a clerk, the client is in every case first. Model 2: Selling reasoning of portage engine organization The Ford Motor Company is likewise a genuine case of the selling theory and why this way of thinking doesn't work in numerous cases. Portage delivered and sold the Model T for a long time. During its creation, the car advertise pulled in more rivalry. Not exclusively did the opposition start to offer vehicles in different hues, the styling of the opposition was seen as current and the Model T got considered as antiquated. Henry Fords children knew about the adjustments in the car market and attempted to persuade their dad to adjust. Notwithstanding, Henry Ford was certain that his normalized low-value car was what the open required. Subsequently, Ford went to advertising strategies to sell the Model T. It kept on selling, yet its piece of the pie started to drop. Inevitably, even Henry Ford needed to perceive purchaser wants and present another model. The selling reasoning accept that an all around prepared and spurred deals power can sell any item. In any case, more organizations started to understand that it is simpler to sell an item that the client needs, than to sell an item the client doesn't need. At the point when numerous organizations started to understand this reality, the selling period offered route to the promoting time of the showcasing idea and reasoning. 2. AS WORKFORCE An association is an arranged coordination of various individuals and their exercises for the accomplishment of some particular objectives through division of work and progression of power. The association is separated into unmistakable divisions like showcasing, creation, fund, and work force and all the office need individuals who are ace in their fields and can accomplish association objectives and targets. Representatives or laborers are the most basic elements of business. It is seen that the fundamental goal of practically all the association is benefit amplification. So as to achieve most extreme benefit and riches, association needs individuals with inventive and creative thoughts. Authority Essay SummaryFor everyday endurance they need food, cover and so forth. For this they need associations which give them these. So individuals need these associations as clients for their requirements. To sum things up, what might occur if individuals lived separately? Associations are imperative to our general public, since associations give us wellbeing, improve our comprehension, decrease pressure and most significant fulfill our day by day needs. EXAMPLE5: Shopping Malls for Purchasing Example which underpins the reality individuals need association is the opening of any shopping center. Presently a day shopping centers are generally normal, we can see shopping centers even in little urban areas. So

The Red Badge of Courage Essay -- English Literature Essays

The Red Badge of Courage The Red Badge of Courage, by Steven Crane, has been viewed as one of the best war books ever. It is a story that practically portrays the American Civil War through the eyes of Henry Fleming, a standard ranch kid who chooses to turn into a trooper. Henry is extremely resolved to turn into a saint, and the story discloses to Henrys journey from being a youthful defeatist to turning into a bold man. This journey is the exemplary excursion from guiltlessness to encounter. To start, the story begins with an immense discussion between the officers. One kid had heard talk that the regiment would be proceeding onward to take on a conflict the following day. A portion of the officers concur with this kid. Others imagine that their regiment will never go into a genuine fight. While watching this contention, Henry, the hero, concludes that he would prefer to go set down and think rather then partake in the warmed contention between the troopers. Henry, a basic ranch kid, is somewhat energized when he hears the gossip that they will be battling soon. It had consistently been a fantasy of his to battle in a war, and become a legend. Presently his fantasy was working out as expected. Henry starts to consider what life resembled before he entered the military, and recalls a few accounts of war he has gotten notification from old veterans. This flashback is viable in indicating how his past encounters have influenced his musings on war now. It is extremely certain that he is anxious about the possibility that that he won't have the option to withstand the weights of a war. He continues disclosing to himself that in the event that he needs to turn into a saint and acknowledges he can not flee. He should stand out the fight with the remainde r of his individual officers. While walking along, Henry sees the principal carcass he has ever observed. He shows sorry for the man in light of the fact that the dead man had passed on in such poor conditions. The spirits of his shoes were worn exposed. At the point when Henry sees the carcass, he starts to think about whether his officers really realize what they are doing. He imagines that the commanders are driving him directly into a snare and directly into the center of the adversary, the radicals. Henry manages his dread of fight by acting quiet and sure. He goes about as though he has been in a thousand fights, and gripes about the strolling. It shows one of Henry’s resistance instruments and how he can utilize his egotism to shroud his honesty. Regiment 304 proceeds onward to fight the following day. Henry is getting exceptionally frightened, however is too ... ...hello will be battling will be extremely intense, and the general is searching for save regiment. The pioneer feels that it is extremely unlikely Regiment 304 will endure the fight alone, and calls the warriors ‘mule drivers’, believing that they are moderate, and rather moronic. At the point when Henry and Tom hear this, they are extremely disturbed. They are resolved to contend as energetically as could reasonably be expected, and with everything that is in them. Henry and Tom substantiate themselves well in the fight. They take the confederate banner, and are both daring enough to go out on the field without weapons. After the regiment withdraws, the general perceives the two fighters as very fearless, and remark that they are fit to be officers themselves. This last activity is the thing that concludes the development from blamelessness to encounter for Henry and Tom. They went into the war as meager young men, furthermore, presently they are proceeding onward as men. They have both earned their red identifications of mental fortitude, just as the legend status they had longed for getting until the end of time. Taking everything into account, The Red Badge of Courage is an incredible novel and I trust you will take an opportunity to understand it. However, on the off chance that The Red Badge of Courage isn't for you, Steven Crane has a lot progressively incredible books

Blog Archive Monday Morning Essay Tip Multidimensional Brainstorming, Part 2

Blog Archive Monday Morning Essay Tip Multidimensional Brainstorming, Part 2 Many MBA candidatesâ€"whether they are working as bankers or  lawyers, in internal corporate finance or corporate strategyâ€"feel they must tell a “deal story” in their application essays. Although discussing a deal can be a good idea, showing your distinct impact on the deal is what is vital. Remember that  you  are the central character, not the deal. As we have discussed before (Monday Morning Essay Tip: Conflict Is Compelling), a straightforward story about how you dutifully completed your work and steadily supported  others as a deal became a reality is not likely to be very compelling. Further, the important thing is that the admissions committee experience  your  personality, not your spreadsheets. Ask yourself the following questions to ensure that your story is truly about  you: What did you do that was beyond expectations for your role? Did you grow into additional responsibilities at a crucial time? Did any particular interactions take place in which you used your personality to change the dynamic, thereby ensuring the deal’s progress or success? Did you need to take a principled stand at any moment or speak out on behalf of a needful party? Did you help others overcome any corporate or international cultural barriers? These are just a few questions to get you started, but the point remains: do not simply offer  any  deal, but instead provide insight  into  your  deal. Share ThisTweet Monday Morning Essay Tips Tags: brainstorming Blog Archive Monday Morning Essay Tip Multidimensional Brainstorming, Part 2 Many MBA candidatesâ€"whether they are working as bankers or  lawyers, in internal corporate finance or corporate strategyâ€"feel they must tell a “deal story” in their application essays. Although discussing a deal can be a good idea, showing your distinct impact on the deal is what is vitalâ€"you  are the central character, not the deal. As we have discussed before (Monday Morning Essay Tip: Conflict Is Compelling), a straightforward story about how you dutifully completed your work and steadily supported  others as a deal became a reality is not likely to be very compelling. Further, the important thing is that the admissions committee experience  your  personality, not your spreadsheets. Ask yourself the following questions to ensure that your story is truly about  you: What did you do that was beyond expectations for your role? Did you grow into additional responsibilities at a crucial time? Did any particular interactions take place in which you used your personality to change the dynamic, thereby ensuring the deal’s progress or success? Did you need to take a principled stand at any moment or speak out on behalf of a needful party? Did you help others overcome any corporate or international cultural barriers? These are just a few questions to get you started, but the point remains: do not simply offer  any  deal, but instead provide insight  into  your  deal. Share ThisTweet Monday Morning Essay Tips Blog Archive Monday Morning Essay Tip Multidimensional Brainstorming, Part 2 Many MBA candidatesâ€"whether they are working as bankers or  lawyers, in internal corporate finance or corporate strategyâ€"feel they must tell a “deal story” in their application essays. Although discussing a deal can be a good idea, showing your distinct impact on the deal is what is vital. Remember that  you  are the central character, not the deal. As we have discussed before (Monday Morning Essay Tip: Conflict Is Important), a straightforward story outlining how you dutifully completed your work and steadily supported  others as a deal became a reality is not likely to be interesting. Further, the important thing is that the admissions committee experience  your personality, not your spreadsheets. Ask yourself some of these questions to ensure that your story is truly about  you: What did you do that was beyond expectations for your role? Did you grow into additional responsibilities at a crucial time? Did any particular interactions take place in which you used your personality to change the dynamic, thereby ensuring the deal’s progress or success? Did you need to take a principled stand at any moment or speak out on behalf of a needful party? Did you help others overcome any corporate or international cultural barriers? These are just a few questions to get you started, but the point remains: do not simply offer  any  deal, but instead provide insight  into  your  deal. Share ThisTweet Monday Morning Essay Tips Blog Archive Monday Morning Essay Tip Multidimensional Brainstorming, Part 2 Many MBA candidatesâ€"whether they are working as bankers or  lawyers, in internal corporate finance or corporate strategyâ€"feel they must tell a “deal story” in their application essays. Although discussing a deal can be a good idea, showing your distinct impact on the deal is what is vital. Remember that  you  are the central character, not the deal. As we have discussed before (Monday Morning Essay Tip: Conflict Is Key), a straightforward story outlining how you dutifully completed your work and steadily supported  others as a deal became a reality is not likely to be very compelling. Further, the important thing is that the admissions committee experience  your  personality, not your spreadsheets. Ask yourself some of the following questions to ensure that your story is truly about  you: What did you do that was beyond expectations for your role? Did you grow into additional responsibilities at a crucial time? Did any particular interactions take place in which you used your personality to change the dynamic, thereby ensuring the deal’s progress or success? Did you need to take a principled stand at any moment or speak out on behalf of a needful party? Did you help others overcome any corporate or international cultural barriers? These are just a few questions to get you started, but the point remains: do not simply offer  any  deal, but instead provide insight  into  your  deal. Share ThisTweet Monday Morning Essay Tips Blog Archive Monday Morning Essay Tip Multidimensional Brainstorming, Part 2 Many MBA candidatesâ€"whether they are working as bankers or  lawyers, in internal corporate finance or corporate strategyâ€"feel they must tell a “deal story” in their application essays. Although discussing a deal can be a good idea, showing your distinct impact on the deal is what is vitalâ€"you  are the central character, not the deal. As we have discussed before (Monday Morning Essay Tip: Conflict Is Compelling), a straightforward story about how you dutifully completed your work and steadily supported  others as a deal became a reality is not likely to be very compelling. Further, the important thing is that the admissions committee experience  your  personality, not your spreadsheets. Ask yourself the following questions to ensure that your story is truly about  you: What did you do that was beyond expectations for your role? Did you grow into additional responsibilities at a crucial time? Did any particular interactions take place in which you used your personality to change the dynamic, thereby ensuring the deal’s progress or success? Did you need to take a principled stand at any moment or speak out on behalf of a needful party? Did you help others overcome any corporate or international cultural barriers? These are just a few questions to get you started, but the point remains: do not simply offer  any  deal, but instead provide insight  into  your  deal. Share ThisTweet Monday Morning Essay Tips

Essay on Documentary †Steve Jobs Billion Dollar Hippy, Bbc

DOCUMENTARY – STEVE JOBS: BILLION DOLLAR HIPPY, BBC RESEACH QUESTIONS – based on Steve jobs and Apple MARKETING THE BRAND 1. How has apple marketed itself to the world? How has it continued with its vision over the 25 years that it has been in business? At the conference, Jobs introduced the new generation of computer with Macintosh. The computer had interactive graphic and mouse. Moreover, it promoted the brand of Apple as the pioneer of computer technology. In other words, Apple changed the trend of technology with globalization and customer. 2. What is the company philosophy and vision? The vision and philosophy of company is dominating the global market through innovating software, hardware and services. Moreover,†¦show more content†¦What was the turning point for Apple in the early stages of its business that propelled its success? Apple II was a product to make the brand of Apple 5. By how much did the business grow initially when it hit the stock market? 6. Why did the company loose market share in the 1980’s after it had such incredible initial growth? The big problem is Jobs just focused on the appearance of computer, and the operating system of Apple is not strong enough to attract customer. On the other hand, Microsoft can contribute the perfect operating system which is Microsoft window. In addition, IBM is a big competitor which incorporates with Microsoft to offer perfect computer rather than Apple. That is a reason why most of people 7. What was the Macintosh computer named after? The name of Macintosh computer after was Mac 8. Who controlled the computer industry at the time the Apple Macintosh was introduced? IBM corporation 9. How did Apple take over the market share of personal computers? Catch up the demand of market. Furthermore, Apple can exceed Customer expectation in term of technology. 10. Why was Steve jobs fired from Apple? What impact did this have on the business and its future? The conflict between Steve and John Sculley who was Pepsi operation director, is invited to incorporate with Apple by Steve Job. 11. What did Steve Jobs do after he was fired from Apple? He worked for Pixaz cartoon corporation. Then he was a

Gandhi Vs. Greek Heroes - 936 Words

The definition of heroes has been evolved variously through the ages. Greeks defined heroes as brave, strong men or demigods who accomplished great quests during their lives. People nowadays may define heroes as people who are changing the world to become a better place. A hero is someone who has given his or her life to something bigger than oneself.1 Both Greek heroes and modern day heroes complete tasks which are nearly impossible for a normal human. Mohandas Karamchand Gandhi, who was the leader of activists in getting India independence from Britain, is a great hero to many people. Although Gandhi and Greek heroes have many similar and different aspects about being a hero, there are great reasons what make Gandhi superior. Both Gandhi and Greek heroes have great perseverance and endurance to achieve their goals. Gandhi was imprisoned many times in his life, but he never gave up, and tried his best to achieve India Independence and peace. One of his great efforts is â€Å"The Salt Satyagraha† which he marched 200 miles which was accompanied by thousands of people because the British imposed a tax on salt and made it illegal for Indians to produce from sea water.2 Greek heroes also had great perseverance in completing their quests. Jason, for example, complete a quest to get the Golden Fleece by enduring all difficulties and dangers and Heracles also completed his twelve labors because of his great perseverance and effort. Therefore, perseverance and hard work are importantShow MoreRelatedQualitative Research and Celebrity Endorsement24767 Words   |  100 Pagesproduct type. It is known to be playing the role of a signalling strategy. (Mustafa, 2005). Also According to Reynolds (2000) celebrity endorsement can give a brand a touch of glamour. 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Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesavoid recognizing the capabilities of all women† (Shaarawi 1987, 131). In India a mass movement for independence developed after World War I, increasingly led by the single figure of Mohandas Gandhi. This movement marked a shift from the traditional strategies of the Indian Congress of which Gandhi was a member and which for much of its existence aimed for reforms in British policy in South Asia. After the war, the movement came to include millions of former servicemen and ordinary people

Cardiovascular Diseases A Health Challenge - 946 Words

Cardiovascular diseases continues to be a lingering health challenge globally (WHO, 2014) and also in the United States (CDC, 2014). Major efforts are geared towards tackling this health challenge; reducing the disease burden, addressing the underlying factors, as well as the risk factors. Preventing the onset of cardiovascular disease is the best approach and education is the most formidable tool for achieving the best results. For some individuals however, who already have cardiovascular diseases, treating and managing it, is the next best option and the tool for empowerment and proper management is education as well. Purpose Cardiovascular diseases occurs in many different forms, many of which can be prevented or treated with healthy lifestyle choices (Mayo Clinic Staff, 2014) and the tool for achieving this is by health education campaigns. Health education attempts to inform individuals and various populations and influence their behaviors towards healthier lifestyle choices aimed at an improved and healthier population (Minelli Breckon, 2009). As identified in the preceding paper, certain behavioral factors contribute to cardiovascular diseases, they include; tobacco use, physical inactivity, unhealthy diet, high sodium/salt intake and harmful use of alcohol (WHO, 2014). Thus, the aim of this educational campaign is to influence adoption of a healthy diet by reducing sodium content in food, as well as adopting physical activity (exercise) so as to reduce chances ofShow MoreRelatedCardiovascular Diseases : A Global Health Challenge949 Words   |  4 PagesCardiovascular diseases continue to be a ling ering global health challenge (WHO, 2014) as well as in the United States (CDC, 2014). 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Compare Contrast Perfect Compettiton free essay sample

A market is any place where the sellers of a particular good or service can meet with the buyers of that goods and service where there is a potential for a transaction to take place. The buyers must have something they can offer in exchange for there to be a potential transaction. Market structure: Market structure refers to the factors, such as size of the market, technological, cost and demand conditions and the barriers to entry and exit, that would affect the effectiveness of managerial decisions. We can also consider the market structure as describing the state of the market with respect to competition. Market structures Monopoly Perfect competition Imperfect competition Monopolistic competition c Oligopoly Overview: Perfect competition is a theoretical market structure. It is primarily used as a benchmark against which other market structures are  compared. The industry  that best reflects perfect competition in real life is the agricultural industry. We will write a custom essay sample on Compare Contrast Perfect Compettiton or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page For example , As there are millions of farmers who would produce rice amp; there are millions of consumers who would consume rice. In this case not a single buyer or seller could influence the price of rice. Perfect competition is a competitive market. Economist uses the term† competitive market â€Å"to describe a market in which there are so many buyers amp; so many sellers that each has a negligible impact on the market price. Characteristics of perfectly competitive market- 1. Large number of buyers amp; sellers: In perfect competition, there must be large number of buyers and sellers. Each buyer buys a small quantity of the total amount. Each seller is so large that no single buyer or seller can influence the price and affect the market. According to Scitovsky buyers and sellers are price takers in the purely competitive market. Each seller (or firm) sells its products at the price determined by the market. Similarly, each buyer buys the commodity at the price determined by the market. 2. Homogeneous product: Under perfect competition, the product offered for sale by all sellers must be identical in every respect. The goods offered for sale are perfect substitutes of one another. Buyers have no special preference for the product of a particular seller. No seller can raise the price above the prevailing price or lower the price below the prevailing price. 3. Free entry and exit: Under perfect competition, there will be no restriction on the entry and exit of both buyers and sellers. If the existing sellers start making abnormal profits, new sellers should be able to enter the market freely. This will bring down the abnormal profits to the normal level. Similarly, when losses will occur existing sellers may leave the market. However, such free entry or free exit is possible only in the long run, but not in the short-run. 4. Perfect knowledge: Perfect competition implies perfect knowledge on the part of buyers and sellers regarding the market conditions. As results, no buyer will be prepared to pay a price higher than the prevailing price. Sellers will not charge a price higher or lower than the prevailing price. In this market, advertisement has no scope. 5. Perfect mobility of factors of production: The second perfection mobility of factors of production from one use to another use. This feature ensures that all sellers or firms get equal advantages so far as services of factors of production are concerned. This is essential to enable the firms and industry to achieve equilibrium 6. Absence of transport cost: Under perfect competition transport, cost does not exist. Since commodities have, the same price it logically follows that there will be no transport cost. In the event of the presence of cost of transport, there will be no single price in the market. Transport cost occurs when there is no perfect knowledge of the market conditions on the part of buyers and sellers. . No attachment: There is no attachment between the buyers and sellers under perfect competition. Since products of all sellers are identical and their prices are the same a buyer is free to buy the commodity from any seller he likes. He has no special inclination for the product of any seller as in case of monopolistic competition or oligopoly. Theoretically, perfect competition is irrelevant. In reality, it does not exist. So it is a myth Profit maximization for a competitive firm: The goal of any competitive firm is to make profit. Three general rules for profit maximization under perfect competition are stated as follows: -If the marginal revenue is greater then marginal cost the firm should increase the output -If marginal cost is greater then greater then marginal cost the firm should decrease output -At profit maximizing level of output, marginal revenue amp; marginal cost are exactly same Example: Profit maximization for a perfectly competitive market.