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
garri49 [273]
3 years ago
10

Describe various ways that knowledge management systems could help firms with sales and marketing or with manufacturing and prod

uction.
Business
1 answer:
german3 years ago
7 0

Answer:

Please see explanation below.

Explanation:

Knowledge management system is a system that allows sales people have quick and right information about a company's value proposition without having to wait for feedback from team members or someone else in the company. An advantage of knowledge management system is the ability to train many employees remotely or places where they may be needed.

Various ways ways that knowledge management system could help sales and marketing.

•Getting sales people on the same page. A company's sales team should understand the value propositions of their firm and how such values distinct them from the competitors. Each sales member should be acquitted with the knowledge management system which provides an easily accessible place for the company's value proposition. It also means that the values should readily be known and understood by everyone and are able to apply them according to how situations demands.

• Allowing to refine and deliver a better training process. This explain that knowledge management system can assist in terms of tracking questions frequently asked by sales people , contents mostly assessed by them and activities often carried out by top sales person that bring about the best result. All the information gathered including possible answers and training contents can then be loaded into the knowledge management system to help train new hires.

• Helping to track valuable insights and information. Prospects and customers usually give useful feed back which can assist a sales team and sales representative handles future sales opportunities. It is not enough capturing these information on the knowledge management system, they should be properly organized and accessible for other team members to benefit .

• Making it easier for sales and marketing to help each other. An important part of marketing team's task is to understand the challenges faced by the target audience and the questions prospects commonly ask so as to create relevant contents for them and also upload them on the knowledge management system portal. Such information should be often accessed by the team and then take better advantage of it.

Other areas knowledge management system could help sales and marketing are assistance with sales trend, high level decisions with regards to product orders, price negotiations . etc

You might be interested in
Marketing consists primarily of advertising a product or service. <br><br> a. True <br><br> b. False
DedPeter [7]
I think the answer would be false. Marketing does not primarily consists of only advertising a product or service. It involves with the buying and selling of a product or a service. It would include advertising, selling of the products and the delivery of these products to the consumers. It should be able to coordinate the 4P's in marketing namely the product, the price, the place and the promotional strategy. So, it is not mainly advertising a product or a service. 
7 0
3 years ago
Which type of portfolio might a young investor who is not afraid of risk choose?
SIZIF [17.4K]
<span>Which type of portfolio might a young investor who is not afraid of risk choose? A portfolio with a high percentage of stocks. Since stocks fluctuate daily and the </span>fluctuations can be drastic, young investors who are not afraid of a risk would choose this type portfolio over one with conservative bonds. Those who aren't afraid of risk typically have a chance to make the most money beause they will invest in stocks that those who are afraid they'll lose, won't.
7 0
2 years ago
Diane, a police officer, stops Tim's car for a traffic offense. While talking to Tim, she shines a flashlight into the passenger
kati45 [8]

Answer:

Diane may search the passenger compartment of the car and any place else in the car, including the trunk, without Tim's consent. ⇒ TRUE

Explanation:

The Fourth Amendment of the Constitution protects people against illegal searches, seizures and warrants, but there are exceptions to this amendment:

  1. consensual searches: if the person is OK with the police officer searching his/her belongings
  2. brief investigatory stops: when the police officer is suspicious about a crime being committed
  3. searches incident to a valid arrest: if the police officer is arresting someone, he/she is allowed to search him
  4. seizures of items in plain view: if property is in plain view, the police officer does not need a warrant. ⇒ this exception applies to this case.
4 0
3 years ago
Suppose the hot sauce firm cannot reduce the externality without reducing costs. What is a possible next step the government cou
Makovka662 [10]

Create a limit on the maximum no. of bottles the firm can make,

The required details about externality is mentioned in below paragraph.

<h3>How Do Externalities Work?</h3>

An externality is a cost or benefit a producer generates but does not personally bear or receive. An externality can result from the creation or consumption of a good or service and can be both positive and negative.

Externalities happen when creating or consuming a good has an effect on parties who are not involved in the transaction directly. Externalities can be either good or bad. They can result from either production or consumption as well. For instance, simply entering a city center will increase the pollution and traffic for individuals who live there.

to learn about  externality here-

brainly.com/question/24258985

#SPJ4

8 0
1 year ago
Where can you find books when you Tabe To another level of class like level A D M and E
Elodia [21]

check on the internet or something, the internet has a lot of insane things for sale

5 0
3 years ago
Other questions:
  • Jessica completed a four-year degree program in Finance and Accounting. She hasn’t yet gained any work experience in this field.
    14·2 answers
  • How is the profit margin computed? A ) by subtracting ending inventory from the goods available for sale B ) by dividing the amo
    14·1 answer
  • The purchase of equipment financed by a​ long-term notes payable is an example of​ ________.
    12·1 answer
  • In a conditional expression that includes logical operators, the and operator has a lower order of precedence than the _________
    7·1 answer
  • Do you think that some has rights to intellectual property in today’s world?
    15·1 answer
  • Purchasing a home usually requires ____ for the down payment
    13·2 answers
  • Why should investors know the difference between nominal and real interest rates?
    11·1 answer
  • Nelson Corporation sells three different products.The following inventory information is available on December 31: Ch6_Q150 Afte
    7·1 answer
  • Luebke Incorporated has provided the following data for the month of November. The balance in the Finished Goods inventory accou
    9·1 answer
  • You find that a firm has a total debt ratio of 0. 63. what is the equity multiplier for this firm?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!