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Phantasy [73]
4 years ago
14

Why is it important to look at external sources of information when exploring product and service information?

Business
2 answers:
baherus [9]4 years ago
6 0

They help you find unbiased information about the product’s actual performance.

postnew [5]4 years ago
4 0

Answer:

B. They help you find unbiased information about the product’s actual performance.

Explanation:

Since the beginning of humanity, humans have been collecting and interpreting information to organize themselves into space and everyday actions. Planning, pondering and guiding are part of the routine.

Product evaluation systems are for the market as navigation systems are for transportation. In this sense, the compass is a good example. Prior to the use of this instrument, which identifies the north according to the earth's magnetic poles, traveling the seas was a great mystery that often ended in disaster.

External evaluations work in much the same way. They help managers identify the strengths and weaknesses of different areas of production and performance, allowing them to see where they are and where they want to go. Which brings us to a second point to consider when talking about evaluations: the context.

This is because it is not enough just to collect information from a compass: we have to have a map to interpret what this data means. The compass is, yes, fundamental, but suffers interference from local geographical conditions, for example.

It is only through good and extensive data analysis that good examples can be studied and product performances adapted to contexts.

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A current trend in management is to include ______ in the strategic planning process. Group of answer choices customers and supp
ziro4ka [17]

Answer:

A current trend in management is to include customers and suppliers  in the strategic planning process.

Explanation:

The process of involving the customers is called co-creation and is a popular business practice nowadays. E.G. The use of social media for naming the most recent album of a band.

4 0
3 years ago
The principal-agent problem arises when ________.
Paha777 [63]

Answer:

a. the owners of the firm also manage the firm

Explanation:

In domain of supply chain management and economics principal–agent problem can be regarded as one that occur when single person or an entity stand in the position of making decisions or in position of taking actions on behalf of another person/ entity Instance of this is real-life example where the way that companies are been owned and been operated. The owners of the company i.e "principal" of the company will be the one to elect a board of directors.

It should be noted that the principal-agent problem arises when the owners of the firm also manage the firm

3 0
3 years ago
In​ 2016, global revenue for Amazon was​ ________ when measured in local currencies than it was when measured in dollars. This o
Shalnov [3]

Answer:

Lesser and fell relative to other currencies

Explanation:

This phenomenon is usually termed "Currency depreciation" a fall in the value of a currency in a floating exchange rate system.

The depreciation in 2016 occurred due to factors such as monetary policy, political instability and high inflation.

Amazon's global revenue was 135.99 billion US dollars in 2016, comparing the foreign exchange value in local currencies at that time will give a lesser value now.

3 0
3 years ago
The goals of most labor unions in the 1930s was the right to organize, in the 1970s to increase worker pay and benefits, in the
german

It can be concluded from the Labor Union goals that changes in the social and economic environment determine the goals of labor in a given period. Thus the First option is correct.

<h3>What is Economic Environment?</h3>

Economic environment refers to the External factors of the economy which affects the working of the Company. For example The rise in the prices of the fertilizer will affect the farmer.

The goal of the labor union defines the changing patterns of the social and the economic environment estimates the aim of the labor in the given period of the time.

Learn more about the Economic environment here:

brainly.com/question/5511643

#SPJ1

8 0
2 years ago
Michael wanted to build a small princess castle for his daughter in the backyard. He decided to turn it into a do-it-yourself pr
givi [52]

Answer:

C)

Explanation:

He can file a strict liability lawsuit against Big Ben Forts for failure to provide adequate instructions on assembling the product.

4 0
3 years ago
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