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Ulleksa [173]
1 year ago
8

____ includes) the application of knowledge, skills, and tools to achieve a specific business objective

Business
1 answer:
nlexa [21]1 year ago
4 0

<u>Project management</u> includes the application of knowledge, skills, and tools to achieve a specific business objective.

Project management refers to the use of specific knowledge, tools, skills, and techniques in order to deliver something of value to people. For instance, developing software for an improved business process, relief effort after a natural disaster, construction of a building, the expansion of sales.

Project management goals are set to achieve a specific business objective through a successful development of the project's procedures of planning, initiation, execution, regulation and closure as well as the guidance of the project team's operations.

Hence, project management achieves a specific business objective.

To learn more about project management here:

brainly.com/question/4475646

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How important is customer<br> service as part of meeting<br> customers' needs?
Sonja [21]

Answer:

Meeting customer needs is crucial for any business looking to retain and attract new customers. Because, as important as the discovery phase is, knowledge about what your customer needs from you is only as good as the way you use it. ... You may even need to plan, build and execute on a brand new facet of your product.

7 0
2 years ago
HELP ME WITH MY ASSIGNMENT GUYS
I am Lyosha [343]

The effects of political in Saudi Arabia on Proton’s operations and products is that  there can be escalation of regional geopolitical tensions that can stop Proton’s operations and products and its trade.

<h3>What political risks exist within Saudi Arabia?</h3>

Political risk in Saudi Arabia is known to be one that is often low or moderate in nature.

Note that The effects of political in Saudi Arabia on Proton’s operations and products is that  there can be escalation of regional geopolitical tensions that can stop Proton’s operations and products and its trade.

Learn more about Saudi Arabia from

brainly.com/question/9855429

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8 0
2 years ago
Why would the difference between income computed under full costing and income computed under variable costing be relatively sma
r-ruslan [8.4K]

First of all, we have to understand what is Full costing, Variable Costing, and JIT Inventory Management System.

Full Costing

Full costing also know as absorption costing. It allocate all cost to the specific product like fixed cost, variable cost etc.

Absorption costing consider all kind of cost whereas variable costing will only consider cost in variable in nature.

Variable Costing

Variable cost is a method were we only account for those cost that are varied over production output. It will not be a good tacker of profitability but it will help in decision making.

Inventory Management System

JIT stands for Just in Time Inventory. Where basic idea is to buy inventory whenever required, this system doesn't allow holding inventory.

Now coming to the question of why the difference is small when we are operating under JIT Inventory management System is as follows:-

1. Working capital - It is designed to be exceedingly low, so the investment in working capital is very less and will reduce inventory holding cost.

2. Obsolete inventory - Since inventory levels are so low, there is little risk of having much obsolete inventory which in turn will result in less loss.

3. Process time. A thoroughly implemented JIT system should shorten the amount of time required to manufacture products, which may decrease the quoted lead times given to customers placing orders. So the fixed cost will not be incurred on rent etc because of low/ less holding of inventory.

Because of the above factor difference is too small.

Learn more about Variable Costing here: brainly.com/question/6337340

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6 0
1 year ago
How will hiring you benefit our restaurant
sdas [7]
Im willing to learn and help to be a helpful worker for your restruant.
3 0
3 years ago
Charles Edgar Duryea and his brother are credited with creating which of the following products?
emmasim [6.3K]
Gasoline-powered automobile should be the answer.
I cannot explain the whole story, but PM me, if you'd like to hear it.
Good luck with your future studies,
Mabel L.
7 0
3 years ago
Read 2 more answers
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