What are the key differences between strategic, operational, and analytical crm?

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Answer 1

The significant distinction is that operational CRM is concentrated on customer-facing processes, while analytical CRM is better attuned to creating the organization's systems via customer insights.

What are the main features of the analytical and operational CRM software?

Generally emitting, there are three primary types of CRM software: analytical CRM, collaborative CRM, and operational CRM. Analytical CRM is all around data—storing it, processing it, and completing it useful with insights into business operations.

What is strategic CRM example?

A Collaborative CRM called a Strategic CRM – enables an institution to collect, organize, and transfer customer data across considerable teams.

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Related Questions

A __________ is an increasingly popular tool used to articulate key performance indicators to help with decision making within an organization.

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Answer:  Digital Dashboard

Explanation:

bc im smart like that

A dashboard is an undeniably famous device used to verbalize key execution markers (KPIs) to assist with dynamic inside an association.

It gives a visual portrayal of basic information and measurements in a reasonable and succinct way, permitting chiefs and partners to successfully screen and survey execution. Dashboards frequently use outlines, charts, and different information representation methods to introduce complex data in a straightforward configuration.

By having continuous admittance to KPIs, chiefs can go with educated and convenient choices, recognize regions that need improvement, and track progress towards hierarchical objectives. Dashboards have become priceless in current business conditions, empowering information driven direction and working on by and large execution and proficiency.

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What do financial planning skills ultimately enable an individual to do?

to prepare for the future
to process their own tax returns
to stop spending
to become wealthier without saving money

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Financial planning skills ultimately enable an individual to  prepare for the future.

What is meant by Financial planning skill?

This is the term that is sued to describe the ability of people to be able to determine the financing that is the most appropriate for them and the ways that they have to be able to carry out investment activities also as to get the most viable profits. This is a very important skill because it helps in savings and also helps in the acquisition of assets.

Hence we can say that financial planning skills ultimately enable an individual to  prepare for the future.

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allocated common costs are blank . multiple choice question. only relevant to decisions if they are avoidable never relevant to decisions only relevant to decisions if they are unavoidable always relevant to decisions

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Allocated common costs are only relevant to decisions if they are avoidable. Thus, option (a) is correct.

What is costs?

The term "cost" refers to the actual amount of money spent on the manufacturing of the product. The products are manufactured to spend money on raw materials, transportation, wages, salaries, and other expenses.

The common costs refer to the allocated the joint products, process, and activities, to determine the cost of the product. The avoidable to the relevant cost. The relevant costs are affected by the managerial decision.

Therefore, option (a) is correct.

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You are interviewing someone about a new concept in debit cards. the interviewee immediately tells you that he hates debit cards and never uses them. what would be your appropriate next step?

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The correct option according to me is  (C) Explore why he hates debit cards

Answering utilizing a design thinking strategy would be the best course of action.

What does the design thinking methodology entail?

The way you create goods, services, processes, and organizations will change as a result of using design thinking, a human-centered approach to innovation that is based on understanding customer demands, quick prototyping, and coming up with innovative ideas.

By applying design thinking, you may avoid relying solely on past data or placing dangerous bets without sufficient evidence by making judgments based on what clients actually want.

Design thinking combines what is practical from a technology and financial standpoint with what is desired from a human one.

Desirability: What is appealing to and appropriate for people.Technical Possibility: What is feasible in the near future?Viability: What elements are most likely to be included in a sustainable company model?

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The complete question is:

You are interviewing someone about a new concept in debit cards. The interviewee immediately tells you that he hates debit cards and never uses them. What would be the appropriate next step?

A. Terminate the interview as this person will not give you knowledgeable information.

B. Ask him about the new debit card concept anyway.

C. Explore why he hates debit cards.

D. Ask about a similar product, but not the debit card.

Reno revolvers has an eps of $1.50, a free cash flow per share of $3.00, and a price/free cash flow ratio of 8.0. what is its p/e ratio?

Answers

The P/E ratio of Reno Revolvers is 16 times.

Given,

Reno Revolvers has an EPS of $1.50

Free cash flow per share = $3.00

Price/free cash flow ratio = 8.0

P/E ratio = ?

The formula which is used to calculate the Price / Earning ratio (P/E ratio) is given below:

Price / Earnings ratio (P/E ratio) = (Market price per share) ÷ (Earning per share)

Here,

Earning per share = $1.50

The market price per share is

= Cash flow per share × price / cash flow ratio

= $3 × 8

= $24

Now placing this value into the formula above

Thus, the price earning ratio is

= $24 ÷ $1.50

= 16 times

Hence, the P/E ratio of Reno Revolvers is 16 times.

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Debra spends 22 hours a week studying in the gatton building. Debra currently has a 3. 7 gpa. If debra reduced her time studying to 10 hours a week she would have a 2. 7 gpa. If she only studied for 10 hours a week she could spend 12 hours working at common grounds for $9. 25/hour. What is debra/s marginal cost in terms of dollars per week of improving her gpa from a 2. 7 to a 3. 7?.

Answers

Debra spends 22 hours a week studying in the Gatton building. Debra currently has a 3.7 GPA. If Debra reduced her time studying to 10 hours a week she would have a 2.7 GPA. If she only studied for 10 hours a week she could spend 12 hours working at Common Grounds for $9.25/hour. Debra's marginal cost in terms of dollars per week of improving her GPA from a 2. 7 to a 3. 7 will be $111.

What GPA manner?

Grade factor average (GPA) is the measure used to summarize your academic fulfillment at Griffith. After the publication of very last grades each trimester, your program and profession GPA are calculated, and will be used by the college to inform choices, including the following: educational progression.

Is a GPA 3.5 properly?

However, a grade factor common of three.5 and above is good in college. 3.5 GPA college students usually qualify for the dean's list and honors packages. The common GPA in four-year undergraduate courses in U.S. schools is 3.15. So, we will optimistically say that yes, a 3.5 GPA is good in university.

Can get into Harvard with a 3.5 GPA?

A 3.5 GPA may be surprisingly competitive and admission may be reasonably expected at many colleges, but it's no longer the maximum competitive at locations like Harvard, Yale, and Dartmouth, which, on average, accept college students with GPAs exceeding 4.

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Accords reached by governments in which countries voluntarily limit the volume or value of goods they export to or import from one another are known as?

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Accords reached by governments in which countries voluntarily limit the volume or value of goods they export to or import from one another are known as export restraint agreements.

What is export and import ?

Since payments to sellers who are located outside are a part of import transactions, there is a corresponding outflow of funds from the nation. Exports are products and services that are made domestically and then offered to clients in other nations.

The export of rice from China for sale in several nations is an illustration of export. to transfer (data) between programs.

From an American point of view, chocolate produced by a Belgian company and sold there would be considered an import.

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mariah is single and has a monthly disposable income of $3,200. her monthly cash outflow is approximately $2,800. mariah includes contributions to a retirement plan and money for investments as part of her cash outflow. she has car insurance and a life insurance policy. mariah has saved $15,000, but wishes to use $10,000 for a down payment on a house.

Answers

Her plan for protecting her assets. In case of an emergency, she should have renters insurance for her apartment.

If Mariah hired a financial advisor to go over her finances, he or she would point out from her plans that the down payment of $10,000 for a house is the area that needs improvement. The money she has saved would be reduced, which is the justification. Additionally, because she must also pay for her life insurance and auto insurance, her budget is not particularly large.

Finance is the study and practice of money, money-related instruments, and capital assets. It is associated with economics, which is the study of how money, assets, products, and services are produced, distributed, and consumed, but it is not the same thing. The field of finance may be loosely classified into personal, corporate, and public finance since finance activities occur in financial systems at various scales.

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A mutual fund is the common name of a closed-end investment company. True or false

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False: "A mutual fund is just a fancy name for a closed-end investing company."

What is mutual funds and it's types?

A mutual fund is an organization that collects funds from numerous investors and uses them to buy securities such as stocks, bonds, and short-term debt. A mutual fund's holdings are collectively referred to as its portfolio. Investors purchase mutual fund shares.

The types of mutual funds are given below:

Money market funds: It poses comparatively little risk. They are only permitted by law to invest in a select group of high-quality, short-term securities issued by American businesses and national, state, and municipal governments.

Bond funds: Compared to money market funds, which normally attempt to create larger returns, it carries higher risks. The risks and returns of bond funds can vary greatly due to the wide variety of bonds.

Stock funds: These funds invest in corporate stocks. Not all stock funds are the same.

Target date funds: Stocks, bonds, and other investments are contained in these. The mix gradually changes over time in accordance with the fund's strategy. Lifecycle funds, also referred to as target date funds, are created for people who have specific retirement dates in mind.

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trying to prepare a budget, wesley has done research and found that he spends an average of $⁢190 on his phone/internet/cable service, $318$⁢318 on his electric bill, and $288$⁢288 on his health insurance premium. if he earns $2800$⁢2800 per month, estimate the amount of money he will have after paying these bills each month.

Answers

Wesley will have $2,004 left over after paying these costs each month, which implies he will be able to save $2,004 by making a personal budget and deducting his expenses from his income.

What is a budget?

A budget is a projection of expected income and expenses for a specific future time period. It is frequently established and updated on a regular basis.

A budget can be created by a person, a group of individuals, a corporation, a government, or pretty much anything else that generates and spends money. Simply tracking the entrance and outflow of household cash is what a person or household budget does.

Therefore Expenses of Wesley:

Phone/Cable/Internet service  =  190

Electric Bill  =  318

Health Insurance Premium  =  288

Total Expenses  =  190+318+288 = 796

Earnings of Wesley = 2,800

Savings of Wesley = Total Earnings - Total Expenses =2,800 - 796 = 2,004

Hence Wesley will have $2,004 after paying the above-said bills in a month.

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a security with a beta of one has a required rate of return equal to the overall market rate of return.

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The portfolio beta is simply the sum of the betas of the individual stocks in the portfolio

A portfolio is a collection of financial investments such as stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). Most people think that the foundation of a portfolio is made up of stocks, bonds, and cash. Even though it happens frequently, this does not have to be the case all the time. Real estate, fine art, and private investments are just a few of the diverse assets that can be included in a portfolio. You have the option of holding and managing your portfolio yourself, or you can delegate this responsibility to a money manager, financial advisor, or other financial expert.

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At a volume level of 600,000 units, sullivan reported the following information: sales price $ 70 variable cost per unit 20 fixed cost per unit 5 the company's contribution-margin ratio is closest to:_____.

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The company's contribution-margin ratio is closest to:71.43%

What is the contribution-margin ratio?

The contribution  margin ratio means the contribution per unit(sales price minus variable cost per unit) as a percentage of the selling price, in other words, the portion of the selling price that each unit sold contributes to the recovery of the firm's total fixed costs

contribution-margin ratio=contribution margin/sales price

contribution margin=sales price-variable cost

sales price=$70

variable cost=$20

contribution margin=$70-$20

contribution margin=$50

contribution-margin ratio=$50/$70

contribution-margin ratio=71.43%

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In a sale, the price of a tv is reduced by 25% a week later, the sale price of the tv is reduced by 15% the price of the tv is now £293.25 what was the price of the tv before the sale?

Answers

Customers use selling price to determine which things they can purchase. Increased overall sales-related revenue is the goal of sales-oriented pricing objectives.

Original Price = 100% - 25% = 75%

= 0.75%

Second Price = 100% - 15%

Final Price = 293.25

The sale price is what?

The amount that the buyer pays for something while it is being sold: Typically, homeowners who sold their homes on their own did not receive a greater sale price than those who used real estate agents. Calculate the total cost of all the items you bought. To calculate the cost price, divide the total cost by the quantity of units purchased. To determine the ultimate price, use the selling price formula: Cost price plus profit margin equals selling price.

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clause gives the borrower the ability to replace the primary finance instrument with another without affecting the position of the subordinate instrument.

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A lifting clause is the clause that gives the borrower the ability to replace the primary finance instrument with another without affecting the position of the subordinate instrument.

What is a lifting clause?

In a financial market or dealing, the lifting clause refers to thr provision in a second, third, or junior mortgage that typically allows the liens ahead of it to be paid off and refinanced for the same or a lesser amount; all these without sacrificing their priority in lien positions.

In a mortgage deal, without the lifting clause, an investors with second mortgages could never refinance the first ones because, the instant the first mortgage was paid off and the second lien-holder would immediately advance to first position.

In conclusion, the lifting clause is the clause that gives the borrower the ability to replace the primary finance instrument with another without affecting the position of the subordinate instrument.

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as jean tyler plans to set aside funds for her young children's college education, she is setting a short-term goal.

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Jean Tyler is establishing a long-term objective as she prepares to save money for the higher education of her young children.

A long-term objective is something you wish to accomplish in the future, as opposed to a short-term aim. For a plan and prospective strategy to work, it is crucial, and it takes time and preparation, as in the case of Jean Tyler, which probably requires many years of saving.

What is the significance of long term goals?

You desire to attain a long-term objective in the future. Long-term objectives take preparation and patience. You cannot complete them this week or even this year. Typically, long-term objectives are at least a few years distant. Sometimes achieving a long-term objective involves taking several stages.

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the purchase of new capital goods by a business would fall under which component of gdp? investment investment consumption consumption government

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The purchase of new capital goods by a business would fall under Investment  component of GDP. Gross domestic product (GDP) is a standard measure of the value added created by a country's production of goods and services over a given time period.

As such, it also accounts for the money generated by such output, as well as the overall amount spent on final goods and services. GDP can be determined by adding up all of the money spent in a given period by consumers, corporations, and the government. It can also be estimated simply totaling up all of the money received by all of the economy's participants.

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exercise 9-11a record bonds issued at a discount and related semiannual interest (lo9-5) skip to question [the following information applies to the questions displayed below.] on january 1, 2021, white water issues $600,000 of 7% bonds, due in 10 years, with interest payable semiannually on june 30 and december 31 each year. assuming the market interest rate on the issue date is 8%, the bonds will issue at $559,229. exercise 9-11a part 2 2. record the bond issue on january 1, 2021, and the first two semiannual interest payments on june 30, 2021, and december 31, 2021.

Answers

Bond issuance:

Dr Cash                                                                          $559,229

Dr DIscount on bonds payable($600,000-$559,229)$40,771

Cr Bonds payable                                                                         $600,000

30 June 2021:

Dr Interest expense         $22,369.16

Cr Discount on bonds payable($22,369.16-$21,000.00)      $1,369.16

Cr Cash                                                                                      $21,000.00

31 December 2021:

Dr Interest expense         $22,423.93

Cr Discount on bonds payable($22,423.93 -$21,000.00)  $1,423.93

Cr Cash                                                                                    $21,000.00

What the bonds issued at premium or at discount?

The fact that the total cash realized from bond issuance,$559,229, is less than  the  face value of $600,000 means that the bonds were issued at a discount.

discount on bonds payable=$600,000-$559,229

discount on bonds payable=$40,771

semiannual coupon payment=$600,000*7%*6/12

semiannual coupon payment=$21,000

June 30, 2021 interest=$559,229*8%*6/12=$22,369.16

June 30 2021 balance on bonds payable=$559,229+$22,369.16-$21,000.00=$560,598.16

interest on 31 December 2021=$560,598.16*8%*6/12=$22,423.93

Balance of bond payable on 31 December 2021=$560,598.16+$22,423.93-$21,000.00

Balance of bonds payable 31 December=$562,022.09

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What is considered to be adaptive about the five stages of loss presented by kubler-ross' model?

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The Kubler-Roth grief period acts as an individual's cognitive defense mechanism to give the individual additional time to process the grief. It is commonly understood and accepted that stages act as a defense mechanism. The rest of the options are talking about reducing some kind of grief.

Elisabeth kübler-Ross. A Swiss American psychiatrist and pioneer of research on dying humans, okübler-Ross wrote "On loss of life and death," the 1969 ebook in which she proposed the patient-focused, demise-adjustment pattern, the "5 ranges of Grief." the ones degrees are denial, anger, bargaining, despair, and reputation.

The 5 tiers of Grief is a principle developed by psychiatrist Elisabeth kübler-Ross It shows that we undergo 5 awesome levels after the loss of a loved one. those tiers are denial, anger, bargaining, despair, and eventually acceptance.

Kubler-Ross and associates developed a 5 stage version of loss of life and death. these tiers have one-of-a-kind emotional responses that humans go through in response to the understanding of demise. they are generally referred to by using an acronym of DABDA and are denial, anger, bargaining, depression, and acceptance.

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!!PLEASE HELP!! Identify at least five different careers in the Health Science or Hospitality and Tourism clusters that you could pursue in your home state, and choose the three that appeal to you the most. Of the three, write a one-page essay describing which one would be your career choice and the educational pathway that you would have to follow In order to obtain that career. Finally, Identify at least three colleges, universities, or training programs that are suited to that career choice.​

Answers

Answer:

The five different careers in Health Science that I would like to purse are nurse practioner, nutritionist, radiology technologist, physicians assistant and emergency medical technician. The three that appeal most to me is the nurse practioner, radiology technologist, and emercengy medical technician. The career choice and educational pathway that appeals to me the most is radiology technologist.

A radiology technologist is responsible for taking a picture of the patients x-ray, examining it and treating it. As a radiologic technologist I would need to check to make sure all the equipment is operational before taking any images. They work in anatomy and use many different equipment such as x-rays, MRI, computed tomography, etc. Sometimes before creating the image I would need to prepare and inject radiopharmaceutical agents into patients. Also, I may help physicians perform procedures such as angioplasty or stent insertion. I like this career because I am intereseted in learning about the human body and I want to help patients.

The colleges or universities that have the program to become a radiology technologist are Long Island University, University of Wisconsin La Crosse and Manhattan College. In order to purse this career I would need a associate's and bachelor's degree which takes about four years. Also, it would be a good idea to go training and attend certificate programs for radiology techs that take around a year. The best credentials are combinations of formal training, a professional license and work experience.

Explanation:

For your project, you will be doing a Competitor Marketing Analysis Report on the:

Question 3 options:

All companies in the chosen industry


A company you created


An existing company known as the Chief Industry Competitor


Any company

Answers

It’s the third one an existing company know as. The s

which two project team success factors have shown the strongest correlation to successful project performance as perceived by senior managers?

Answers

The  two project team success factors that have shown the strongest correlation to successful project performance as perceived by senior managers are

Stimulating work environment opportunity for team and individual recognition

What is Project performance management?

Project performance management  can be described as the process of creating as well as  implementing, and managing projects  which have an effect on the performance of an organization.

It should be noted that this  focus on task execution as well as project performance management ..

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What is the present value of a 12-year, $625 annuity DUE, given a discount rate of 7.5%?

Answers

The present value of a 12-year, $625 annuity DUE, given a discount rate of 7.5% is $5,197.14

What is annuity due?

Annuity due is a stream of level cash flows for a period of time, 12 years in this case, whose first payment is immediate rather than starting in a year's time, the formula for present value of an annuity due provided below can be used to determine the present value in this case using the appropriate discount rate of 7.5%

PV=PMT*(1-(1+r)^-N/r*(1+r)

PV=present value of an annuity due=unknown

PMT=annual cash flow=$625

r=discount rate=7.5%

N=number of annual cash flows over 12 years=12

PV=$625*(1-(1+7.5%)^-12/7.5%*(1+7.5%)

PV=$5,197.14

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an appraiser finds that, on average, rental homes in the area are selling for $165,000. average rents are $1,500 per month. the appraiser is appraising a home with a projected gross rent of $1,450 per month. what is the value of the home using the gross rent multiplier?

Answers

If the appraiser is appraising a home with a projected gross rent of $1,450 per month. The value of the home using the gross rent multiplier is: $159,500.

Gross rent multiplier

Using this formula

Gross rent multiplier=Gross rental income/Average rent per month×Projected rent per month

Let plug in the formula

Gross rent multiplier=$165,000/$1,500×$1,450

Gross rent multiplier=$159,500

Therefore if the appraiser is appraising a home with a projected gross rent of $1,450 per month. The value of the home using the gross rent multiplier is: $159,500.

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Which type of variance causes operating income to be greater than the budgeted operating income?

Answers

Favorable variance is the variance causes operating income to be greater than the budgeted operating income.

A favorable variance is wherein real income is greater than budget, or real expenditure is less than budget. That is similar to a surplus in which expenditure is much less than the available earnings.

Is Favorable variance usually accurate?

Favorable variances are defined as either generating greater revenue than expected or incurring fewer fees than expected. Damaging variances are the other. Much less revenue is generated or greater prices incurred. Either may be correct or terrible, as these variances are based on a budgeted amount.

How do you inform if a variance is favorable variance or destructive?

If sales have been better than expected, or expenses were decrease, the variance is  favorable variance. If sales have been decrease than budgeted or costs were better, the variance is detrimental.

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Two drug companies agree to work together to pool their research and development funds to develop a new drug for arthritis. In doing so, these two organizations have.

Answers

Two drug companies agree to work together to pool their research and development funds to develop a new drug for arthritis. In doing so, these two organizations have formed a strategic alliance.

A strategic alliance is an association between businesses to adopt a together useful undertaking while every retains its independence. The agreement is less complicated and much less binding than a joint project, wherein two businesses pool sources to create a separate enterprise entity.

Strategic alliance definition: it's a joint project that bolsters a core business approach, creates a competitive advantage and abates competition from shifting in on a marketplace. It allows individual corporations to reap more collectively than they would have on their very own.

Strategic alliances are not a panacea for each corporation and each state of affairs. But, via strategic alliances, agencies can improve their aggressive positioning, gain access to new markets, complement crucial capabilities, and proportion the threat and cost of most important development projects.

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Managing the supply chain has become more important as a result of firms increasing their levels of.

Answers

Managing the supply chain has become more important as a result of firms increasing their levels of outsourcing.

The recent epidemic has impacted every link in the value chain, from the source of raw materials to the final consumer. The majority of businesses worldwide are having their organizational, financial, operational, and commercial resilience put to the test. For many companies, COVID-19 has identified risks and resiliency deficiencies. 67 percent of CEOs believe they will raise investment in disruption detection and innovation processes in an effort to get an advantage over competitors when it comes to disruption and innovation.

How should firms attempt to strengthen their supply networks going ahead as COVID-19's effects continue to have an influence on the global supply chain? The key supply chain disruptions listed below, together with the swiftly implemented initiatives by top companies to help increase resilience and agility,

Logistics disruption - The ongoing COVID-19 pandemic-related logistics disruptions continue to have an impact on businesses and consumers as the flow of consumer goods into important markets like North America and Europe, South East Asia, and India is constrained by the ongoing closures of significant international ports and airports, primarily in China, South Korea, and the US.

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Statements made by an applicant for an insurance policy that are true to the best of the applicant's knowledge are referred to as?

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Statements made by an applicant for an insurance policy that are true to the best of the applicant's knowledge are referred to as “representation.”

Representation of a statement made in an application for insurance that the prospective insured represents has been correct to the best of his or her knowledge. If the insurance relies on representation entering the insurance contract and if it proves to be false at the time it was made. The insurer may have the legal option to void the contract.

A representation insurance policy is a form of coverage to guarantee the contractual representation made by sellers associated with corporate marge and acquisitions. A guarantee of the performance of a product. Product warranties are included within the definition of the named insurance product in general liability policies if untrue will avoid the policy.

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If someone emigrated to the united states from venezuela, a spanish speaking country in south america, how might they think of themselves? choose all of the possible correct answers.

Answers

There is just one American hemisphere where Latin America, Central America, and Mexico are located, not the modern division between "North America" and "South America" that some people started to make as two separate continents.

As much and as little as they experience it in comparison to other Spanish-speaking South American nations. Chileans and Argentinians typically don't perceive any kind of explanation why they ought to feel more connection to Colombians than it is to Mexicans, Nicaraguans, or Cubans, despite the fact that individuals in Latin America tend to focus on domestic concerns of their own countries.

And undoubtedly, they feel a greater sense of kinship with each of them than with Brazilians. Important: The original understanding of the continents is still held by many in the Spanish-speaking globe.

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diez company produces sporting equipment, including leather footballs. assume that the cost object is a football. classify each of the following costs as direct or indirect.

Answers

1. Since the cost of the electricity used in the manufacturing facility cannot be directly linked to individual product units, it is categorized as an indirect cost.

2. Because it directly contributes to the creation of the finished goods, the cost of labor in the production of football is a direct cost.

3. Since the compensation of the supervisory manager in the manufacturing facility cannot be linked to specific product units, it is categorized as an indirect cost.

4. Because the expense cannot be linked to or traced back to specific product units, it is categorized as an indirect cost in the production facility.

5. Because it can be linked to a single product unit and is directly related to the manufacture of completed goods, the cost of the leather used to make footballs is a direct cost.

What are direct & indirect costs?

Direct costs are expenses that can be traced back directly to the creation of a company's finished products. On the other hand, an indirect cost is a cost that cannot be connected directly to a company's finished items. Three costs for a manufacturing company's products are factory overhead, direct labor, and direct materials. Factory overhead is an indirect cost while direct inputs and direct labor are direct costs.

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What part of Capitalism is naturally made for low prices and high quality?

Answers

The part of Capitalism is naturally made for low prices and high quality which is the competition with other businesses.

The relevant parts of capitalism are made naturally to meet high quality and low price as well. In a capitalist society, people are free to work in any occupation they want and can start their own businesses with their own real estate, machinery, and other assets. They are free to run their company however they see fit, and competition with other companies encourages lower prices and innovation.

A common conception of capitalism is an economic system where private actors own and control property according to their interests and where supply and demand freely determine market prices in a way that can best serve society.

In a capitalist economy, the means of production are owned by private organizations. Entrepreneurship, capital goods, natural resources, and labor make up the four factors. Through businesses, owners of capital assets, natural resources, and entrepreneurship exercise control.

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