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2 years ago

Identify and explain two reasons why effective communication within a business is important to the management

Business

1 answer:

steposvetlana [31]2 years ago

3 0

Answer:

Why effective communication within a business is important to the management?

In order to attain your objectives, it is critical to communicate well during negotiations. Within the business, communication is also crucial. Effective communication can aid in the development of a positive working connection between you and your employees, which can enhance morale and productivity.

Explanation:

It Builds and Maintains Relationships: Positive interactions with people help to form and maintain relationships. Communication will be crucial in this process; without it, it would be difficult to build and maintain fruitful partnerships. Communication is an important component of any relationship. Two people cannot be friends until they begin to communicate with one another. A supervisor-underling relationship is similar, in that the boss should be able to explain how to do his job to a new office worker.

It Facilitates Innovation: Collaboration and innovation inside the unit or organisation can be improved when employees feel free to express themselves. Employees, for example, will be able to share their ideas on how to improve a company process. Furthermore, if employees are unable to communicate their ideas owing to a lack of communication skills, the idea is unlikely to be fully implemented.

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a client has a variable annuity with an assumed interest rate of 4%. the client received a first benefit check of $110. the sepa

MAVERICK [17]

4% was the actual rate of return of the separate account between the second and third month if the client's third check was also for $125. A client has a a variable annuity with an assumed interest of 4%.

Regardless of market conditions, an annuity is a financial product that is created and backed by an insurance company and offers guaranteed monthly income payments for the duration of the contract. An annuity can be tailored based on a number of factors, including as how long you anticipate living, the commencement date of your payments, and whether you wish to leave your income stream to a beneficiary after your passing.The fundamental purpose of annuities is to augment more conventional retirement income sources like Social Security and pensions. Tax-deferred growth is one of the common traits. Until you start taking withdrawals or getting recurring payments, you won't have to pay income taxes on the returns from your annuity investments.

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1 year ago

Suppose you are the president of a sugar company based in southern Florida. Poor sugar harvests in the Caribbean Islands means y

Yuliya22 [10]

Answer:Please refer to the Explanation section

Explanation:

Cuba seems to a comparative advantage in Producing Sugar, importing sugar will drive the price down because Cuba can supply sugar at a relatively lower price which will means people in Florida will purchase Sugar at lower price so a trade with with will be in the best interest of the People because the demand will met, meaning there will no shortages in the market and the price will be lower. these two point will increase consumer surplus.

We could also export some of the products we have comparative advantage on, which will not only increase revenue for local Producers but will also open opportunities for local producers to gain market share which will increase the demand for the local products. When the Demand for the Local Products increases, Local Producers will produce more and that will lead to an increase in the Gross Domestic Products (GDP) of the United States.

A trade will Cuba Trade Deal will benefit the country and the citizens of the country I therefore would like to plead with the Senator to review the embargo on Cuba

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3 years ago

In developed economies, the electric car industry is in the introduction stage, and the industry for mp3 players is in the shake

Leya [2.2K]

In developed economies, the electric car industry exists in the introduction stage, and the industry for mp3 players stands in the shakeout phase t his implies hat the industry for electric cars will concentrate more on product innovation, whereas in the MP3 player industry, the direction will be on process innovation.

<h3>What is Process innovation?</h3>

Process innovation is the use or introduction of a new technology or way of doing something that aids in an organization's ability to meet client needs and remain competitive. Process innovation is crucial, especially for expanding organizations in a cutthroat market.

By creating products that meet both the needs of their customers and the best results, it enables a company to gain a stronger foothold in the market. Changes to the technology and machinery utilized in the conception, creation, and production of goods or services are included in process innovation. To save money, time, or to offer better customer service, this innovation selection process adopts considerably enhanced manufacturing or delivery systems.

Hence, In developed economies, the electric car industry exists in the introduction stage, and the industry for mp3 players stands in the shakeout phase t his implies hat the industry for electric cars will concentrate more on product innovation, whereas in the MP3 player industry, the direction will be on process innovation.

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2 years ago

Market equilibrium is: Select one: a. the point at which a nation reaches full employment b. the time period used to determine t

fenix001 [56]

Answer:So far we have learned to measure real GDP, but how do we end up with that real GDP? Of all of the different amounts of national income and price levels that might exist, how do we gravitate toward the one that gets measured each year as real GDP?

In short, it is the interaction of the buyers and producers of all output that determines both the national income (real GDP) and the price level. In other words, the intersection of aggregate demand (AD) and short-run aggregate supply (SRAS) determines the short-run equilibrium output and price level.

Once we have a short-run equilibrium output, we can then compare it to the full employment output to figure out where in the business cycle we are. If current real GDP is less than full employment output, an economy is in a recession. If current real GDP is higher than full employment output, an economy is experiencing a boom. If the current output is equal to the full employment output, then we say that the economy is in long-run equilibrium. Output isn’t too low, or too high. It’s just right.

Explanation: hope this helps

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3 years ago

Consider the market for medical doctors. suppose the opportunity cost of going to medical school decreases for many individuals.

Dmitry_Shevchenko [17]

Answer:

Increase.

Explanation:

The quantity that exists when a market is in equilibrium. Equilibrium quantity is simultaneously equal to both the quantity demanded and quantity supplied. In a market graph, the equilibrium quantity is found at the intersection of the demand curve and the supply curve.

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3 years ago

Identify and explain two reasons why effective communication within a business is important to the management​

Identify and explain two reasons why effective communication within a business is important to the management