Answer:
Management has framed certain principles, which are flexible in nature and change with the changes in the environment in which an organization exits.
<span>My answer to the question is as follows:
The economy continues to grow or stay stable is because of people keeps spending money. Money needs to be circulated so the economy won't end up going into a depression.
I hope my answer has come to your help. God bless and have a nice day ahead!
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Answer:
e. Customer Relationship Management
Explanation:
Customer Relationship Management -
It refers to the method which helps to get the required information from the potential and current customers, about the products of the company , is referred to as the customer relationship management .
They require the use of some previous data like the feedback forms, various communication channels like email , chats , website and social media.
It helps to get the correct and unbiased opinion of the customers, which helps in the betterment of the goods and services of the company , and the liking and disliking of the customers is considered while designing the product, which will help to increase the sale of the company.
Hence, from the given question,
The correct answer is Customer Relationship Management .
<h3><u>
Answer:</u></h3>
The key factor in success is choosing the correct industry in which to compete.
<h3><u>
Explanation:</u></h3>
The industrial organizational model explains that external factors affect any organization internally. The competition between different industries increases and imposes pressure on firms and helps to find out strategies that will maximize the profits.
Choosing the correct industry helps us to determine our success rate. Identifying our potential and what we are good at helps us to select the industry that we can compete with. The people who make decisions in a particular organization should take decisions that would make the particular firm a successful one.
