Appropriate channels selected is NOT a reason why a new product might fail.
Democratic style of leadership is termed as useful when all team members need to feel involved.
Democratic leadership is referred to as participative leadership or it can be called shared leadership. It is a leadership style where members of the group take a more participative role in the process of decision making. It can apply to any organization. Everybody is given the opportunity to exchange ideas freely or participate and encourage discussion. The democratic process helps to focus on the free flow of ideas which are focused on the group equality and leader offers control and guidance. The democratic leader has the mandate to know who is in the group and who contributes to the decision which is made.
Answer:
Exposure factor=20%
Explanation:
Exposure factor is percentage value of an asset that can potentially by lost if a particular risk is realized. Most risk managers use the exposure factor to determine if the purchase of certain property usually equipment or machinery is worth it. It can be thought of as comparing the value one would lose if a certain risk is attained to the original value of the property. For example in case the risk is realized and the value of the property is completely lost, the exposure factor would be 1.
It is calculated by taking the value of the property lost over the original value then converted to a percentage. This can be expressed as shown;
E.F=(Vl/Vo)×100
where;
E.F=exposure factor
Vl=value lost in case of the scenario
Vo=original value
In our case;
E.F=unknown
Vl=$2 million
Vo=$10 million
This can also be written as;
Exposure factor=(value lost/original value)×100
Replacing;
E.F=(2/10)×100=20%
The exposure factor=20%
Answer:
The correct answer here is outsourcing.
Explanation:
Outsourcing is a cost cutting measure which a company uses to reduce their cost by employing a new party to complete a portion of work . Same thing is happening here as Quality builders have hired other suppliers ( like Belize international ) to provide highest quality cabinets in the homes which they are building.