In business, it is important to establish your credibility from your first day on the job.
Gaining a reputation enables you to speak more persuasively and with greater ease. Work results and financial success are significantly impacted by the degree of trust in working relationships.
<h3>Why is it important to gain credibility?</h3>
Employee mistrust and disengagement are caused by ineffective leadership, which affects the organization's revenue as well as its reputation. According to studies, a leader's trustworthiness affects employee engagement, which in turn affects the performance and productivity of the firm.
your well-deserved reputation as a reliable person who does their work well cares about the people they work with and for, upholds high moral standards and values both personally and professionally, and keeps their word. The extent to which others trust or believe in you is referred to as credibility.
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By doing this, Dew was able to create a stronger bond with the customer and their brand. They already have brand awareness with their customers but now they are able to engage their customers by allowing them to have a "say" in their products. They are letting them design a product they would like to see on the market and become a part of the brand/company.
Answer: The new confidence index is 0.7143
Explanation: Consumer confidence index which is known as the confidence index is an index used for estimating the economy of the U.S, it is published by the conference board which shows the decree of excitement in peoples's activities on their savings and spendings.
To calculate the new confidence index;
STEP1: Add the bond increase to the current bond;
6% + 1% = 7%
4% + 1% = 5%
STEP 2: FIND THE NEW CONFIDENCE INDEX
5% ÷ 7% = 0.7143
The old confidence index can also be calculated as
4% ÷ 6% = 0.6667
Answer:
False Statement:
B. Only II is False.
Explanation:
If the cash flow from a project is farther out, the present value will be lower, all else being equal. This is because of the time value of money. This concept states that the money you receive today is higher in value than the same amount received in the future. And if the future is father out, then the value of the money will continue to reduce in relative value based on this time value of money concept.
Answer:
because Ivan's decisions will impact the substantial cost of the business.
Explanation:
An operations manager is responsible for managing organizational resources and applying them effectively to meet organizational goals and objectives. It is therefore necessary that Ivan as the operations manager of a network of amusement parks, before determining a new location for a park, he must anticipate the customer demand and determine the adequate capacity of the site for the construction of the park. that their decisions will directly impact the substantial cost of the business, that is, the planning must meet the needs specified by the customer so that the cost is compatible with the budget provided for by an effective planning for that business.
Organizational resources must be allocated efficiently and effectively so that there is compliance with the objectives and goals of a business and for it to be well positioned and successful in the market.
