A ‘con’ maybe? only thing i can think of
To create and capture customer value, companies must engage the first step of the marketing process, which is Research Your Ideal Customer/Audience.
<h3>Why is the
first step of the marketing process important ?</h3>
The first step of the marketing process important because it help to identify the potential; buyers as well as to know the kind of the market that is needed to be focus on so as to be able to ,maker sales.
In this case, it should be noted that create and capture customer value, companies must engage the first step of the marketing process, which is Research Your Ideal Customer/Audience.
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Sophia’s ethical obligation is to inform Pete about the mistake made in the draft of contract.
<h3>What is an ethical obligation
?</h3>
An ethical obligation refers to a moral requirement to follow a certain course of action.
Hence in this case, Sophia’s ethical obligation is to inform Pete about the mistake made in the draft of contract and correct the same.
<h3>Should she tell him about the mistake? </h3>
Yes, she should tell him because both party in a contract are expected to be transparent and disclose facts to one another.
<h3>What
Life Principles would i apply in this situation?</h3>
I will apply the life principles of transparency.
Read more about ethical obligation
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Answer and explanation:
<em>Forgetting to pay debts has a detrimental effect on the length and interest payment of a loan</em>. The more a consumer falls behind in the repayment of a debt the longer it will take to pay off the total amount owed. Besides, the interest rate is recalculated by the financial institution implying more interest will be paid.
Therefore, forgetting to pay debts must be avoided. <em>Setting automated payments is a good measure to avoid such circumstances.</em>