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Zinaida [17]
3 years ago
7

Which of the following are functions of a small firm? I. The provision of goods and services. II. The offering of personalised s

ervices. III. The production of exclusive articles. options: I and II only. I and III only. II and III only. I, II and III.
Business
1 answer:
Mumz [18]3 years ago
6 0

Answer

i and ii

Explanation:

they provide goods (i)

because they are small it can be personalised

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In your own words, what are the strengths and
german

Answer:

<em><u>Advantages</u></em>

<em><u>Helps in Scheduling </u></em><em><u>:</u></em><em><u> </u></em>

One of the greatest benefits of forecasting is that it helps the manager to prepare for the organization's future. Currently, planning and forecasting go hand in hand. We will not prepare for it without an understanding of what the future holds for the business. Forecasting, therefore, plays a very significant role in planning.

<em><u>2) Changes to the Climate</u></em> :

Prognostics should be able to point out the potential environmental changes when performed correctly. This implies that it will allow the organization to benefit from such environmental changes. It can develop and grow its business if the changes are beneficial to the company. And it may intend and prepare to defend itself in adverse circumstances.

<em><u>3) Weak Spots </u></em><em><u>Detection</u></em><em><u>:</u></em>

Another benefit of forecasting is that it can help the manager find any weak points that the company may have or overlooked areas. When attention has been drawn to these areas, successful controls and preparation strategies to fix them can be put into practice by the manager.

<em><u>Disadvantages</u></em><em><u>:</u></em>

<em><u>1</u></em><em><u>) Factors Time and Cost </u></em>

There is usually a lot of data and knowledge needed to make structured forecasts. And, there is a lot of time and money involved in the processing and tabulation of such results. Another aspect is also the translation of qualitative data into quantitative data. One must be cautious that the forecasting time, resources, and effort expended must not overshadow the real benefits of such forecasts.

2) <em><u>Based on Forecasts </u></em>

Assumptions, approximations, natural conditions, etc are the basis of every forecasting system. This renders those predictions inaccurate. So, the inherent weaknesses of forecasting must always be kept in mind and everyone has to be careful about being over-reliant on them.

3) <em><u>Just Estimates </u></em>

The future will be unpredictable at all times. Even if the best methods of forecasting are used and every factor possible is accounted for a prediction is still just an estimation. With 100 percent effectiveness, one can never predict future events. So even the best-laid plans can be nothing at all. This will still be one of forecasting's greatest constraints.

Hope it helps.

5 0
3 years ago
Which of the following is a characteristic of the Consolidation phase of e-commerce? predominance of pure online strategies bran
Tresset [83]

Answer: Extension and strengthening becomes more important than creating new brands

Explanation: E-commerce (electronic commerce) is a term used in the trade and commerce to describe the trading or commercial activities driven by electronic systems such as internet, social media etc,this type of commerce or trade is technologically driven. It is made up of the following stages

Stage 1 : involves the initial starting and it is characterized by a fast growth.

Stage 2: PLATEAUING GROWTH OR CONSOLIDATION OF GROWTH IS CHARACTERIZED BY THE LEVELING UP OR STABILISATION OF GROWTH AFTER THE INITIAL FAST GROWTH EXPERIENCED IN THE FIRST STAGE. In this stage, Extension and strengthening becomes more important than creating new brands.

Stage 3: Renewed growth characterized by the implemention of changes both platforms or systems, characteristics, resources and procedures etc.

7 0
3 years ago
Hueblue software, an application provider to the gaming industry, decided to enhance its portfolio by developing motion-control-
Gre4nikov [31]

Answer:

b) product differentiation

Explanation:

Based on the scenario being described it can be said that the competitive strategy that Hueblue software is implementing is known as product differentiation. This strategy focuses on making sure that the product that a particular company offers is unique and different from it competitor's products in order to make it more desired by a particular target market. Which is what Hueblue is doing by developing motion-control-enabled games which it's competitors do not have.

7 0
3 years ago
Suppose that Mexico experienced a very severe period of inflation in 1972. As prices in Mexico rose, the demand in the foreign e
melomori [17]

Answer:

demand for pesos would fall and supply would rise. their value would decrease as a result

Explanation:

Inflation is a persistent rise in general price level.

When there is high inflation in a country, the demand for the currency would fall because the value of the currency is low. this fall in demand coupled with the excess supply of the currency would lead to a fall in the value of the currency.

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3 years ago
Which of the following is not considered a credit?
Serga [27]

Answer:

which of the following is not considered a credit?

overdraft fee

Explanation:

5 0
3 years ago
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