Answer:
a retailer, a marketing agency
Explanation:
Since this business is operating both B2B (business to business) and B2C (business to consumer), it would be wise to transfer the B2C operating to a retailer. It is often hard for manufacturing businesses such as SEP to handle this two-way communication and it is often advised to reach the end users via retailers.
When it comes to marketing agencies, it is a common practice to leave the promotion part of the marketing mix to these external groups. Outsourcing advertising and promotion activities to marketing agencies is very cost-effective, as agencies tend to have more a creative basis.
The use of communication technologies such as videoconferencing has helped lots of people especially those who find it hard to transport from one place to another due to distance, hectic schedule, traffic, etc. This enables savings in gasoline, etc while maintaining a good relationship between the attendees.
Answer:
(the image attached) for the monthly production budget for january through June
Explanation:
1st We will list each month sales
Then, we will calcualte the desired ending inventory as 110% of next month sales:
february sales 2,750
So, January ending inventory: 2,750 x 1.10 = 3,025
And so on with all the months.
Then we subtract the beginning inventory as those units are already produced/ in company's stocks
Giving as a result the units to be produced.
Answer:
a. Quality Software - Prescriptive Analytics
b. ABC Supermarket - Descriptive Analytics
c. Global Hospitality - Diagnostic Analytics
d. XYZ - Predictive Analytics
e. Manufacturing - Descriptive Analytics
Explanation:
Descriptive analytics is the strategy which uses the past data and creates a summary for historical data to create future analysis.
Predictive Analytics is the strategy which uses statistical calculations and models to predict the future.
Diagnostic Analytics is the strategy which the analyst observes the past event and then examines why certain situation happened. This is used by analysts to make sure that historic mistakes are not repeated.
Prescriptive Analytics is the strategy in which strategic planning is made after the operational activities are analyzed and then strategies are formed in order to plan future performance.
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