1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Daniel [21]
3 years ago
13

explain how you will address each area of competition to help make your business successful against this competitor.

Business
1 answer:
Aneli [31]3 years ago
8 0

Answer:

There are a few number of things that a businessman should always keep in mind to make his business flourish in the near future. The more competitive a business person is, the easier and faster success he gets.

Explanation:

The list of points that a businessman should follow is as follows:

1. It is necessary to keep a track on your competitor's product value, or the selling price of the same. Keeping this thing in track helps you to determine or set your product's selling price so that the consumers don't find them to be too expensive or cheap.

2. You need to be enough self motivated so that a little loss doesn't make you  lose your confidence.

3. It is always advised to discuss your business aspects with an experienced one to take the perfect decision at the right time.

4. Being self-aware is a must while running a business. Don't trust anyone blindly. In case if your rivals are trying to make you lagging behind, you need to use your creative business mind to deal your customers.

5. Prioritizing the customer's needs and maintaining the quality is utmost important.

You might be interested in
Assuming labor is a variable input, an increase in labor productivity will result in
kondor19780726 [428]
The answer to this question is <span>A downward shift in the MC curve.
If the labor productivity is increased, it means that the employees are able to produce more effort without additional cost.
Which means, the total cost of product that arrived for consumers could be significantly lower.</span>
4 0
3 years ago
Who is responsible for ensuring the policies and procedures are implemented across the organization and acts as a liaison betwee
Elina [12.6K]

Responsible for ensuring the policies and procedures are implemented across the organization and acting as a liaison between the MIS department and the business?

The correct answer is Data Steward

<h3>Why is MIS becoming so important to businesses?</h3>

The main purpose of the MIS reporting system is to provide management with important business information for complex decision-making. Reliable information about business data related to current market development is essential for governments to be able to make swift and well-founded decisions.

The first relationship between business processes and information systems is to achieve business goals. For example, organizations use information systems to improve operational and process efficiency by improving the flow of information.

Learn more about the MIS department and the business here

brainly.com/question/12386219

#SPJ2

8 0
2 years ago
You are the senior auditor in charge of the audit of Potholders Ltd, a retailer of garden pots and gnomes. Your audit firm has b
Gnom [1K]

The components of audit engagement from the question are:

  • Cost-benefit
  • Circumvention
  • designs
  • application of controls
  • control environment

<h3>The factors that  increase inherent risks</h3>
  • The integrity of the people that are in managerial positions.
  • The experience and the effectiveness of managers.
  • Pressures faced by management.
  • The type of business.

<h3>Factors that affect control risks:</h3>
  • Presence of Novel situations
  • The use of Outdated controls
  • Improper separation of duties

Read more on inherent risks here: brainly.com/question/14538724

7 0
2 years ago
1. Discuss the relationship between data, information, and knowledge.
Margarita [4]

Answer:

Data are set of values or raw facts that are meaningless, Information is data that has been processed in some way or data that has been given a context. Knowledge is gotten from information by making rules to it. Knowledge always needs a rule.

Explanation:

(1) Data:

Data are a set of values or raw facts and figures.

Data are raw facts that are not useful because they lack relevance. the data can be words, numbers, images or sound

Information:

Information is either data that has been processed in some way or data that has been given a context or Examples of ways in which data can be processed are displaying the information clearly in a table, performing calculations, sorting the data.

Knowledge:

Knowledge is gotten from information by applying rules to it. knowledge always needs a rule.

Data, information and knowledge are three main building blocks that make up a much bigger picture.

Data is simply a description of something that is then saved but not in an orderly manner. Information is an organized data that is useful. Knowledge is that data/information that is organised and then processed to make a better understanding. It is known that the three components works together.  

With data being the first in the process. once the data has been classified, recorded and stored, it can then go on to the next phase of information. once the information has been organised in an orderly manner then it moves to the final phase of knowledge.

(2) In the world, an information in an organization or most likely knowledge is one of the most important resources, organizational capacities are based after the specific competencies in sharing and integrating information and knowledge.

Thus, most systems and knowledge writing attempts are not successful. in some cases, where there is technological or IT deficiencies included, the purpose of sharing is rarely attained and even reaching relative success is not simple (Hislop, 2002). the change in advancement is a unique characteristic of this new modern era, referred to as the grow older of information.  

Organizations of this modern age are faced with the challenges of active stability at various levels.  

Today, organizations are faced with such extensive amount of information and relief of knowing that controlling and using them effectively has become one of their major concerns. Operator’s knowledge based.

3 0
4 years ago
A mutual fund invested in bonds with medium-length maturities. As the bonds matured, the fund reinvested the proceeds and purcha
vekshin1

Answer:

III and IV

Explanation:

As if the greatest the number of years for maturity, the chances of the risk is high also the long term bonds contains the high rate of interest as compared with the medium or short term bonds

Also if the fund replace with the medium to long term so the rate of interest could be highly charged that earned more income also if the rate of interest is increased the yield also increased

So based on the given option, the third and fourth option is correct

5 0
4 years ago
Other questions:
  • Which one of the following is not an assumption of the EOQ model? Decisions for one item can be made independently of decisions
    6·1 answer
  • Apple Computer dominates the online legal music sales industry primarily because of a failure of recording label companies to __
    12·1 answer
  • Consider the following information about a business Diane opened last year: price = $20, quantity sold = 25,000; implicit cost =
    9·1 answer
  • A bank has $770 million in checkable deposits. The bank has $85 million in reserves. The bank's required reserves are ________ a
    10·1 answer
  • A sport fan who travels to the host city after the olympic games are over and wants to tour the olympic venues is what type of s
    7·1 answer
  • Job 31 has a direct materials cost of $210 and a total manufacturing cost of $540. Overhead is applied to jobs at a rate of 200
    6·1 answer
  • A firm's bonds have a maturity of 10 years with a $1,000 face value, a 9 percent semiannual coupon, are callable in 5 years at $
    15·1 answer
  • For the purpose of process analysis, which of the following measures would be considered an appropriate flow unit for analyzing
    10·1 answer
  • Projected free cash flows should be discounted at the firm's weighted average cost of capital to find the value of its operation
    14·1 answer
  • Mr.Chen is enrolled in his employer's group health plan and will be retiring soon. How would like to know his option since he ha
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!