They're important because The production departement is the one that's responsible in transforming all resources/material into the products that are ready for the market.
Without the production department, companies will not be able to fulfill their sales order and many consumers will left dissatisfied with their services
Answer:
Dynamic effect
Explanation:
Social media has a dynamic effect in businesses, customers can easily request for assistance and receive on -the-spot solution. Customer feedback can be given through social media which can now be used to improve service.
Sol Wave House Hotel is using Twitter for quick resolution of customer problems and questions.
Answer: All the options given are correct. Options I - IV are right.
Explanation:
Financial distress is a situation whereby an individual or an organization is unable to generate income or profit as a result of it's inability to pay its liabilities to lenders and creditors and lenders. These financial problems coupled with insufficient money result in stress.
The term financial distress cost consist of all the four options, therefore the correct answer is all the options provided. Financial distress cost is when organizations cannot pay it's liabilities from the revenue generated.
Financial distress cost can be as a result of direct costs that are related to being distressed financially but not bankrupt, indirect bankruptcy cost etc.
The primary concern is security.
Answer:
C. Order placement costs would increase
Explanation:
Order placement costs are those incurred when ordering a product: for example, the wages of the employees who place the orders, the shipping costs, the cost of tariffs and duties in case the products are imported from abroad, and any other specific costs associated with the process of getting the product from the source to the firm.
If a company chooses not to hold inventory, order placement costs will increase in the moment that they get an order for the good which is not in stock, simply because the good will have to be ordered.
