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Nadusha1986 [10]
3 years ago
13

FunZone Inc. identified and developed a SmartCard that can be used at fair grounds to make the ticketing process easier. The com

pany found that the existing system was complicated and highly time-consuming. The SmartCard was easy to operate and each swipe would deduct the cost of a ride automatically. According to the given scenario, FunZone has recognized a
Market opportunity T/F
Business
1 answer:
PolarNik [594]3 years ago
8 0

Answer:

True

Explanation:

The concept of market opportunities is not always explicitly used by management specialists when explaining or implementing strategic design processes but is always implicitly present in these analyzes. Not a few authors identify market opportunities with favorable indicators of the variables to consider in the analysis of the environment since they characterize the actions of forces and actors in the environment. These variables can influence organizational action but do not define it and this can lead to, in economic praxis, organizational strategies may be more focused on the "what to do" to achieve the objectives than on the "how to get" to achieve them which leads to the loss of one of the levels of disaggregation of the strategic design and that the objectives are defined in terms of market opportunities, the strategies in terms of objectives and the strategic actions in terms of strategies.

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​elena is a regular customer at cuppo' coffee. she is the first customer to enter the coffee shop every morning and spends $10 f
Vera_Pavlovna [14]

Answer:

The management can make Elena a loyalty card holder or loyalty program member.

Explanation:

A customer loyalty program refers to a kind of reward program offered by a company to it's those customers who frequently purchase it's products or avail it's services.

Usually, under such loyalty programs, a customer is provided with a loyalty card, wherein for each purchases he/she makes, some loyalty points are earned. These loyalty points can collectively be redeemed later on, in the form of discounts.

So, in the current case, since elena is a frequent buyer of coffee on routine basis, the management can include her in their customer loyalty program and provide her with a loyalty card.

Such card will provide her with rewards and would make her feel privileged, strengthen her bond of loyalty with cuppo' coffee and may lead to increased customer share.

4 0
3 years ago
David has decided to open an auto-detailing business. he will pick up an automobile from the client, take it to his parents' gar
igor_vitrenko [27]
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3 0
3 years ago
Harley-Davidson employs a method of inventory control demanding that suppliers deliver parts and raw materials to Harley's produ
anzhelika [568]

Answer:

Just-in-time  inventory management

Explanation:

Just-in-time or JIT is an inventory management approach that encourages the purchase of materials only when they are needed in the production process. The JIT approach eliminates the need for storing large quantities of material for future productions. The acquisition of materials is aligned with the production process.

By adopting JIT, a business saves on inventory costs as materials are not purchased in bulk. Wastage that results from the storage of material is also eliminated. The success of JIT depends on management ability to forecast sales accurately and working with reliable suppliers.

7 0
3 years ago
Explain organizational culture and how it impacts individual and organizational performance.
kozerog [31]

The term "organizational culture" describes the long-standing beliefs and values of an organization, as well as the staff members' views and the anticipated value of their work, which will affect their attitudes and conduct.

<h3>How does organizational culture affect individual and organizational performance?</h3>

Employee outcomes including productivity, performance, dedication, self-confidence, and ethical behavior have been linked to company culture. One of the key factors influencing an organization's performance is its culture, which has an impact on how its employees behave at work.

The performance of a company is significantly influenced by organizational culture. Organizational culture is viewed as a means of accomplishing tasks or as shared traits of organizations influencing the actions of organizational members and enhancing (or impeding) strategy achievement and performance.

Learn more about organizational culture here:

brainly.com/question/13996722

#SPJ4

5 0
2 years ago
6) For which of the following should you save?
aleksandr82 [10.1K]
For my retirement and my family future
6 0
2 years ago
Read 2 more answers
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