Communication is an essential element of any business. One needs to convey message as effectively as possible. Therefore accuracy is the key requirement for the business communication. without the accuracy the business message will be delivered either misleading or it will be unclear.
Misleading message or miscommunication can lead to huge problems to any business. When you are working with your client, he will trust your words only if they are accurate otherwise the deal can be lost too.
That is why accuracy is the most important element of any business communication and a significant interval of time must be spent on making the communication accurate in any organization.
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B) Step 2: Assess the national business environment is part of which step in the screening process for potential markets and sites.
The national environment of a business consists of economic, demographic, natural, cultural and political forces. The external environment of a company is often divided into an economic environment, a political and governmental environment, a sociocultural environment, and an international environment.
A state-owned enterprise is a company that operates within the borders of a particular country. Like local companies, state-owned companies understand the culture of the country and develop products and services to satisfy the market. For example, Donut Time is a donut shop that operates throughout Australia.
The question is incomplete. Please read below to find the missing content.
Exploring the cost of transporting goods is part of which step in the screening process for potential markets and sites?
A) Step 1: Identify basic appeal
B) Step 2: Assess the national business environment
C) Step 3: Measure market or site potential
D) Step 4: Select the market or site
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Answer:
The right approach is Option a (Bargaining power of suppliers).
Explanation:
- The concept is such an industry influences the buyer's business climate and determines the potential including its buyer to attain profitability.
- The meaning is basically how very much jurisdiction a single provider has. By supplier, I represent the industries that create the manufactured goods that even the sellers refine into the finished product to something like the sellers throughout the business. If there are several suppliers during the sector because each supplier is indeed very poor.
Answer:
Representativeness heuristic bias
Explanation:
Representativeness heuristic bias occurs when there are similar events whose probability of occurrence is assumed to be the same. People mistakenly assume there is a close relationship between the two events than there really is.
For example of John is a lawyer, he is judged to be a lawyer because of expression of various traits associated with lawyers.
Kellyanne hired Joshua from Southwest University. Because of his outstanding performance, it is assumed that other considered from Southwest University will also perform outstandingly.
This is a form of representativeness heuristic bias
Answer:
d. making comparisons to direct attention to why differences in costs exist across companies.
Explanation:
- A benchmark is a simple comparison or evaluation of the business processes that measure productivity and time and costs.
- Used to measure the performance using specific indicators like cost, productivity and time per unit also referred to as the best practice of increasing the performance of the company.
- It has certain stages like the selection of subjects, definition of the process, identification of potential partners and collection of data.
