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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

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If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years
Basile [38]

Answer:

The Final Value is $40,305.56

Explanation:

Giving the following information:

Gerry deposits $1,500 at the end of each quarter for five years.

Interest rate= 12% quarterly compounding

To calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit= 1,500

i= 0.12/4= 0.03

n= 5*4= 20

FV= {1,500*[(1.03^20)-1]} / 0.03

FV= $40,305.56

7 0
3 years ago
To help finance a major expansion, Top Fashion Company sold a noncallable bond several years ago that now has 20 years to maturi
Basile [38]

Answer:

4.51%

Explanation:

First, find the yield to maturity(YTM) of the bond; this would be the pretax cost of debt.

Using a financial calculator, input the following;

Face value of the bond ; FV = 1000

Semiannual coupon payment; PMT = (8%/2)*1000 = 40

Present value of bond; PV = -1050

Time to maturity; N = 20*2 = 40 semiannual payments

then compute semi-annual interest rate ; CPT I/Y = 3.756%

The pretax cost of debt = 3.756% *2 = 7.51%

After tax-cost of debt is used for WACC calculation and is therefore as follows;

7.51%(1-0.40) = 4.51%

3 0
3 years ago
N article published in the washington post claims that 45 percent of all americans have brown eyes. a random sample of n=78 coll
Sever21 [200]

a . The test statistic is -1.160740861

b. The p value is 0.2457473

Let the point estimate be 'a'. The formula for test statistic is:

Z = (a - p) / √ { [ p×(1-p) ]÷n }

Point Estimate 'a' = 30/78 = 0.384615385

Z = (0.384615385 -0.45 ) / √[ (0.45 × 0.55) ] / 78

Z = -0.065384615 / 0.056330071

Z = -1.160740861

8 0
3 years ago
Today you earn a salary of $28,500. What will be your annual salary fifteen years from
lys-0071 [83]

Answer:

$47.747.44

Explanation:

After 14 years, the salary will be equivalent to the future value of $28,500 at 3.5% compound interest.

The formula for calculating compound interest is as follows.

FV = PV × (1+r)n

where FV = Future Value

PV = Present Value... 28,500

r = annual interest rate.... 3.5%

n = number of periods...15

Fv = $28,500 x ( 1+ 3.5/100)15

Fv = $28,500  x ( 1+0.035)15

Fv =$28,500 x 1. 67534883

Fv =$47.747.44

3 0
3 years ago
On January 22, Muir Corporation issued for cash 20,000 shares of no-par common stock at $30. On February 14, Muir issued at par
Juli2301 [7.4K]

Answer:

Jan 22

Dr Cash 600,000

Cr Common stock 600,000

Feb 14

Dr Cash 150,000

Cr Preferred stock 150,000

Aug 30

Dr Cash 1,350,000

Cr Preferred stock 1,250,000

Cr Paid in capital excess of par preferred stock 100,000

Explanation:

Muir Corporation Journal entries

Date Accounts Debit Credit

Jan 22

Dr Cash (20,000*30) 600,000

Cr Common stock 600,000

Feb 14

Dr Cash (3000*50) 150,000

Cr Preferred stock 150,000

Aug 30

Dr Cash (25,000*54) 1,350,000

Cr Preferred stock (25,000*50) 1,250,000

Cr Paid in capital excess of par preferred stock 100,000

8 0
3 years ago
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