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Ganezh [65]
3 years ago
9

1. How is GE changing its business strategy and business model? What is the role of information technology in GE’s business? 2.

On what business functions and level of decision-making is GE focusing? 3. Describe three kinds of decisions that can be supported using Predix. What is the value to the firm of each of those decisions? Explain. 4. To what extent is GE becoming a software company? Explain your answer.
Business
1 answer:
NemiM [27]3 years ago
3 0

Answer:

See explanation section.

Explanation:

Requirement 1

General Electric (GE) is always helping people with a variety of modern technology. Therefore, its main aim is to focus on technology that assists the world with a faster data collection medium. The company is converting its business towards technology. With the help of Jet engines and oil-refining material, it can generate electric power. The cloud-based software changed the whole company. Now, the company is monitoring only about technology to become a successful software servicing company.

Requirement 2

As the future of the world is getting modernized, General Electric company is focusing on software and the Internet of Things. GE is trying to take its customers base from traditional on-site manufacturing to digital software-based operations. The launch of sensor-generating data has revolutionized the success. Using cloud-based data make the company more productive and reliable. The overall thinking towards the future is superlative.

Requirement 3

General Electric company launched Predix in 2015 to accumulate data. The three decisions to use Predix are -

1. As Predix can operate on each cloud infrastructure, it can provide sensor and analyze the data quite quickly.

2. Since Predix is a high standard cloud-based protocol, it enables customers to join quickly to the mechanical market.

3. With the help of Predix, each customer can adjust the size and range of the current levels of use to understand their requirements.

Requirement 4

People like to use from all over the world, General Electric (GE) equipment. They also like to mix that equipment with other companies' equipment to produce a high-qualified machine. As people are using more GE equipment with others, it is discussing the customers to handle the GE related equipment for a permanent basis. Therefore, it is becoming a software company.

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Answer:

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Explanation:

Oligopoly is simply defined as the situation in which more than two firms own/control the largest market share, while other smaller firms contend for the remaining share of the market.

For better understanding;

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  • Duopoly: two firms own/control the largest market share.
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In this type of competition (Oligopoly), the smaller firms survive by offering unique features in their products and services while some offer cheaper prices for their products and services.

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Which would provide the least ambiguous description of a property, for purposes of a deed?
Greeley [361]

A legal description would provide the least ambiguous description of a property, for purposes of a deed.

A legal description is the geographical description of real estate that identifies its precise place, barriers, and any easements for the motive of a legal transaction, such as a transfer of possession. A criminal description is saved with the deed and filed with the county clerk or county tax assessor.

There are 3 types of legal descriptions of belongings typically used: metes and limits, government survey, and lot and block.

An avenue to cope with is not a legal description. road addresses regularly alternate, and that they had been never intended to offer a reliable description for purposes of deed education. An avenue to deal with isn't always sufficient to serve as a good enough criminal description of the actual estate.

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A mortgage clause that states that the mortgage is due and payable upon certain conditions, such as the non-payment is the option(d) i.e, the Acceleration clause.

<h3>What is a mortgage clause?</h3>

A provision in an insurance policy (such as a fire insurance policy) that allows the designated mortgage to receive payment for property damage or loss.

There are different types of clauses:

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Most of the time, it is harmful to accelerate a loan. Typically, it denotes that the borrower has fallen behind on payments or broken the terms of the agreement, and the lender is requiring prompt repayment of the whole loan balance to avoid foreclosure.

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