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spayn [35]
3 years ago
10

Information management is the ________ of a company. Information management is concerned with the collection, preservation, stor

age, processing, and delivery of information. The purpose of information management is to make sure information is available to the right people at the right time in a form that they can apply.
Business
1 answer:
Strike441 [17]3 years ago
8 0

Answer:

Nervous system

Explanation:

The comparison was made due to the similarity of functions between information management and the nervous system in our body.

The nervous system in humans' body has the ability send signals to our cells in order to accommodate the things that are needed by our body.

Information management also has similar function within the company. Information management will collect the data from employees and analyze it. The result of the analytic will provide the decision makers with the list of things they need to do in order to achieve their goals. The decision makers then will formulate the plan and spread it to all employees so they can execute it.

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Christina buys groceries every month from Target and rarely does much research on the products she buys. What is the marketing t
Neporo4naja [7]

People do have preference. Routine response behavior is the marketing term for this type of consumer behavior.

<h3>What is consumer behavior?</h3>

Consumer behavior is known to be the study of how people, customers, groups, etc., often select, buy, or use goods, and services to answer to their needs and wants.

Routine Response is also known as Programmed Behavior. Here one is buying low cost items and as such one do not need much search and decision effort.

Learn more about  consumer behavior from

brainly.com/question/1364759

5 0
2 years ago
Sometimes food is produced in other countries that do not have the same level of chemical safety as in the US. This imported foo
Artemon [7]

Answer:

The correct answer is letter "A": affordable food creates an external benefit rather than an external cost in the case.

Explanation:

Externalities are costs third parties have to be responsible for even if they were not involved in causing the externality. There are positive externalities and negative externalities. <em>Positive externalities</em> are those that third parties benefit from. <em>Negative externalities</em> affect third parties.

Thus, importing less-expensive but chemically-dangerous food will create a positive externality to consumers purchasing those types of foods since less money is getting out of their pockets without them having to influence discounts.

4 0
3 years ago
You are the owner of a smoothie shop in California. Afterhearing a podcast about customer relationship management (CRM), youdeci
Svetach [21]

Answer:

Average Customer Retention rate = 80%  

Average Value of Sales per year per customer = $120  

Average customer acquisition cost = Customer acquisition oriented market expenses per month/  

number of new customers acquired per month  

=\frac{1000}{25} = 40  

Average customer retention cost = $75  

CLV =[1/(1- Average customer retention rate)] x (average value of sales per year per customer)-(average customer acquisition cost + average customer retention cost)  

= [1/(1-0.8)] x 120-(40+75)

=$485  

A) Average customer retention rate =90%  

B) Average value of sales per year per customer = $125  

C) Average customer acquisition cost =$60  

D) Average customer retention cost =$100  

CLV = [1/(1- Average customer retention rate)] x (average value of sales per year per customer)-(average customer acquisition cost + average customer retention cost)  

= [1/(1-0.9)] x 125 - (60+100)

E) Customer Lifetime Value = 1090

Explanation:

Here are the spreadsheets.

3 0
3 years ago
Kim lives and works in a small town, even though she prefers life in a bigger city. She is quite dissatisfied with her current j
Sidana [21]

Answer:

The answer is: B) withdrawal cognitions

Explanation:

Withdrawal cognitions (in business) can also be referred to as "Quitting process", its definition is: the overall thoughts and feelings about quitting a job.

Anyone who has ever worked for someone else has either quitted his job or thought about quitting his job. There are lots of reasons for doing this, the main one is lack of job satisfaction (e.g. we don't like our work, we want to get paid better, we work too many hours, etc.).

But quitting a job is rarely an easy task, because a job is important to almost everyone, we need to work. Quitting itself is a whole process, where you evaluate the pros and cons of doing so, you might also doubt on your decision to either quit or stay. That process is withdrawal cognitions.

5 0
3 years ago
Mandy’s Packaging Inc. is a multibillion-dollar supplier of packaging materials. One of its salespeople rearranged production sc
daser333 [38]

Answer:

<u>Relationship selling</u>

Explanation:

Relationship selling is focussed more upon successfully building a long term relationship between a seller and a buyer rather than being merely focussed upon effecting a sales through .

The technique emphasizes upon the quality of interaction between the seller and the buyer which shall serve as a basis for develoment of a future relationship between the company and the customer.

This technique is prominent in case of those companies that rely on repetitive purchases on part of the buyer like private instructors. Good relationships may lead to customer loyalty which prompt repetitive purchases at their end.

In the given case, the supplier company's sales person rearranged production schedule so as to accomodate unexpected demand from a major client. Such an action demonstrates company's sales policy with emphasis upon relationship selling.

3 0
3 years ago
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