Managerial Effectiveness of Fruit Sellers Essay

1678 Words Apr 15th, 2013 7 Pages
Prof. Partha Sen Gupta
KIIT University
Sayantan Patra
Sonali Swain
Sonali Khuntia
Achinto Mahato
Amit Kumar
Satabdi Das

Managerial Effectiveness is fast becoming a competitive advantage for organizations, especially in the context of high demand for and, therefore, continuous migration of competent managers from one organization to another. Organizations, therefore, have started investing in retaining competent managers and putting in place systems for developing new cadre of effective managers. It is in wake of these contextual factors that this programme on Managerial Effectiveness is being conducted.
Managerial Effectiveness is often
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30, the other fruit sellers have to be on the track so as not to lose customers. The essential characteristics of fruits market which makes it qualify as a perfect competitive market are:- (1). There are large number of buyers and sellers as no single seller can affect the price. If a firm enters into the market or exit the market, there will be no effect on the supply. Also, if a buyer enters the market or exit from the market, demand will not be affected, as a result of which a individual buyer or seller cannot affect the price. (2). The product (fruits) is homogeneous in nature. There is no rational preference of the buyer to which seller they must go. (3). No discrimination as buyers and sellers are willing to buy and sell freely at the market price, except in few cases of favors to selected individuals by offering discounts. (4). There is a perfect knowledge existing between buyers and sellers as they have close contact with each other. It is known what exactly the prevailing price rates of the fruits are in different parts of the market. (5). In the long run, there is a provision of free entry and exit of firms. There are no legal or social restrictions on the mandis.
FACTORS AFFECTING DEMAND- (1). Population- Population growth is currently 2% per year, and there is a direct relationship between per capita fruit consumption and

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