A plastic card containing magnetic strips with data regarding the value of the card is typically known as a smart card. It is a card which has a microprocessor that is built-in the system. It is typically being used for personal identification and for financial transactions. It is also called as an ICC or integrated circuit card.
Answer:
Competitive Advantage refers to those attributes which makes a company's products stand out in the market against those of it's competitors and helps it gain a competitive edge.
Managers usually use the following four tools to analyze competitive intelligence to develop competitive advantages:
- Michael Porter's generic strategies
- Michael Porter's five forces model
- Value Chain analysis which aims to identify the value added at each level of production and assign extra importance to those stages which contribute immensely to a product's value.
- SWOT Analysis which is strengths weaknesses opportunities and threats. To maximize strengths, identify and limit weaknesses, sense and grab opportunities and minimize or avoid threats.
Answer:
Receiving a high-level promotion
Explanation:
Abraham Maslow created a motivational theory as per which different needs of an individual can be prioritized with respect to their order of importance.
Maslow defined 5 needs in his hierarchy which are as follows:
Basic Psychological Needs
Safety Needs
Emotional Needs
Self Esteem Needs
Self Actualization Needs
As per the given information, receiving a high level promotion satisfies an individuals self esteem needs and earning respect and recognition among peers.
The approach to management Petra uses is called Flexibility.
Flexibility means adapting to situations as they arise. In management, it means management's ability to change approach to situations regarding their work environment.
Flexibility is important to management because it enables organizations address diverse employee needs. Also, Managers need to adapt to day-to-day shifts in workplace schedules – employee personal issues, an unexpected influx of work and more etc.
It therefore means that Petra is using approach to management called flexibility, which enable her change management style based on the reaction of her employees to a project.
learn more at : brainly.com/question/4971786
Answer:
The study of human problems arising from organizational and interpersonal relations (as in industry).
Explanation: