Strategic planning starts with a mission statement that reflects a firm’s vision, purpose, and values.
Strategic Planning Process: Strategic planning is the process of identifying long-term organizational goals, strategies, and resources, focusing on the horizon more than three years away.
Most large companies rely on one person to evaluate system requirements rather than relying on a system review committee. When assessing the feasibility of a schedule, systems analysts need to consider the trade-off between time and cost.
CRM (Customer Relationship Management) components can provide automated responses to sales inquiries, online order processing, and inventory tracking values.
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Answer:
$0.013
0.010724
Explanation:
Given that :
Mean, m = 36500
Standard deviation, s = 5000
Refund of $1 per 100 mile short of 30,000 miles
A.) Expected cost of the promotion :
P(X < 30,000)
Using the Zscore relation :
Zscore = (x - m) / s
Zscore = (30000 - 36500) / 5000
= - 6500 / 5000
= - 1.3
100 miles = $1
1.3 / 100 = $0.013
b. What is the probability that Grear will refund more than $50 for a tire?
100 miles = $1
$50 = (100 * 50) = 5000 miles
Hence, more than $50 means x < (30000 - 5000) = x < 25000 miles
P(x < 25000) :
(25000 - 36500) / 5000
-11500 / 5000
= - 2.3
P(z < - 2.3) = 0.010724 (Z probability calculator)
Answer:
Structural unemployment occurs because workers lack the requisite job skills or live too far from regions where jobs are available and cannot move closer. Jobs are available, but there is a serious mismatch between what companies need and what workers can offer.
Explanation:
Answer:
Explanation:
1.
Direct labour hours work during the period:
Product S=72,400 units×1 hour=72,400 hours
Product W=18,100 units × 3 hours=54,300 hours
Total labour hours=126,700 hour
Predetermined overhead rate=$958,396/126,700 =7.56 per hour
2.
Unit product cost of S = Direct Material cost + Direct labour cost + Overhead = 12+16+7.56*1 = $35.56
Unit product cost of W = Direct Material cost + Direct labour cost + Overhead = 34+13+7.56*3 = $69.68
Answer:
False
Explanation:
' Once a business has sold a service, it no longer needs to be concerned with customer satisfaction' is a False statement.
Customers are the pillars on which every business stands & their satisfaction should be a supreme priority for a business.
There is need of 'After Sale Services' after selling a service. This is important to ensure customer's expectations from the product are met, & they are satisfied with the business' services.
After sale services make customers feel valued. This generates customer retention, customers' loyalty towards business. Such customers are also likely to do word marketing & build a business' reputation in front of other customers.
