Answer:
HR Function refers to areas such as recruitment, selection, recruitment and retention, performance evaluation, promotional preparing, and reimbursement managerial staff.
Explanation:
- Throughout traditional HRM every one of these operations has been associated with capacity building and therefore are constrained even within the HR manager. Those other operations are not focused on an organization’s strategy.
- Traditional HRM is therefore not focused on effective organizational culture, while strategy Implementation focuses on its philosophy.
Answer:
False.
Explanation:
Six Sigma is a quality control standard that was developed by Motorola Inc in 1986. It aims to reduce defects in goods produced.
While production cycle remains constantor faster, the quality of output should be kept below 3.4 defects per million.
Six Sigma is now applied in various fields like customer service to ensure customer retention, and management strategies.
So the statement above is false, defects must be kept below 3.4 per million to comply with Six Sigma standard.
Answer:
the larger the number of substitute products available.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
for a good with many substitutes, if the price of the good increases, consumers can easily shift to the consumption of substitutes. so, the change in price leads to a greater change in quantity demanded.
The value of a brand can be defined as the value of the brand as a business asset.
A brand is a product, carrier, or idea that is publicly outstanding from other products, offerings or ideas so that it could be effortlessly communicated and usually advertised.
Branding is the technique of creating and disseminating the emblem name, its qualities and persona.
Having values incorporated into your enterprise makes your brand more memorable on your customers. Outlining brand values permits you to construct deeper relationships with your customers and audience.
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Answer:
Detailed solution is given in tabular form in the end for better understanding.
