Answer:
Over the last two years, small businesses have taken to the electronic space as a means of expanding their businesses.
This e-commerce trend experienced an upward spike during the C-19 Pandemic. As businesses were forced to operate remotely, necessity which is the mother of invention, started to thinking of ways to restructure their businesses to operate more electronically using a wide array of online tools and technology.
In a recent survey, 10 out of 50 businesses said they were not reverting back to their former model of operations as they had realised that it was completely unnecessary.
Top reasons given are:
- Given the shedding of operation load and streamlining to basic functions whilst retaining the quality of product and or service, they also shed a lot of costs which increased their bottomline;
- emote service deliveries enabled them to get into more territories that they couldn't access prior to the C-19 pandemic. Thus leading to an expansion of clientele/market share.
A critical trade-off which must be considered when choosing a forecasting technique is that between: C. cost and accuracy.
<h3>What is a
forecasting technique?</h3>
A forecasting technique can be defined as a process through which predictions can be made about the economy, especially based on macroeconomic and microeconomic conditions such as:
In Economics, cost and accuracy is a critical trade-off which must be considered when choosing a forecasting technique.
Read more on forecasting technique here: brainly.com/question/23009258
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Answer:
If discount rate is 11.7% Project B should be accepted.
If discount rate is 13.5% both projects should be rejected
Explanation:
If the Net present value of Project A is higher than that of project B, we will accept project A and vice versa.
<u>Under 11.7% Discount Rate</u>
Net Present Value-Project A = -82000 + 34000 / 1.117 + 34000 / 1.117² + 34000 / 1.117³ = $85.099
Net Present Value-Project B = -82000 + 115000 / 1.117³ = $516.029
Project B should be accepted as it has a higher NPV.
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<u>Under 13.5% Discount Rate</u>
Net present Value-Project A = -82000 + 34000 / 1.135 + 34000 / 1.135² + 34000 / 1.135³ = - $2397.49
Net Present Value-Project B = -82000 + 115000 / 1.135³ = - $3347.91
Both projects should be rejected as both have negative NPVs
Answer: Alternative evaluation.
Explanation:
Alternative Evaluation is the phase of the purchaser decision process where the consumer makes use of the information gotten from the information search to assess other brands in the category of the product.
For example, if a consumer is assessing a group of television and he or she has identified three attributes like price, performance and design. The consumer will assess each brand and make decision based on his or her assessment.
Answer:
The answer is below
Explanation:
The importance of the study of organizational buyer behavior to the personal selling function is that the personal seller can easily realize the expectation of the organizations.
It also assists in determining what makes organizations buy a certain product.
It gives the seller the proper ideas on the type of products preferred by organization buyers such that they can quickly make them available.
It also ensures the seller understands how the organization buyer operates in terms of payments, quality, quantity, and the purpose in which they are buying.
