Answer:
A. ERP
B. RFID
C. Barcodes
D. E-business
E. EDI
Explanation:
Here is the complete question :
Match the following functions with their descriptions.
(E-Business, EDI, Bar Codes, ERP, RFID)
A. It allows companies to organize and share information
B. It provides instantaneous tracking by containing identifying information
C. It provides complete visibility of product location
D. Provides access to global markets, suppliers and distribution channels
E. It enables exchange of documents in a standard format
Enterprise resource planning (ERP) is a software used to organise a business core processes
Electronic Data Interchange (EDI) is used to exchange business documents in a standardised format electronically
Types of EDI
- Direct EDI
- EDI via value added networks (VANs)
- Web EDI
- Mobile EDI
Advantages of EDI
- It increases business efficiency
- It reduces operating costs
Disadvantages of EDI
- Initial setup cost is usually quite high
Radio-frequency identification (RFID) is used to identify and track tags that are attached to items
Barcodes are used as a means of identification of a product. They can identify the country a product is manufactured.
Electronic business (E-business) has accelerated the rate of global integration. It has increased the access to global markets, suppliers and distribution channels.
Answer:
Demographic segmentation
Explanation:
Demographic segmentation can be defined as a market segmentation in which variables such as gender, ethnicity, age, income, occupation of potential customers are taken into consideration.
The market is divided into segment according to age, race, religion, gender, family size, ethnicity, income, and education.
Demographic segmentation makes information such as who will buy your products, where to sell your product, how to market your product available to the producer.
It ensures that customers are well cared for. When a producer focus on a particular group of customers, they will be more committed and dedicated to satisfying their customers. Demographic segmentation ensures customer satisfaction.
Answer:
Dr Organization costs ($12,000 + $3,000) 15,000
Dr Patent ($20,000 + $2,000) 22,000
Dr Equipment 30,000
Dr Preopening expenses 40,000
Cr Cash 107,000
Explanation:
Organization costs are the initial costs incurred to start a business. They include attorney fees, and any other legal and registration fees required by both municipal state and federal government.
Any fees related to the purchase of the patent, e.g. commissions paid or attorney fees must be included in the purchase cost of the patent.
Answer:
1. Sole Proprietorship
2. Limited Liability Company (LLC)
3. Corporation
Explanation:
1. Sole Proprietorship - This is also called a one-man business. It could be your small neighbourhood store and so on. It is usually owned and run by the same person. The owner has unlimited liability and thus can lose his/her personal properties where the business is in debt.
2. Limited Liability Company (LLC) - these are private limited liability companies, and as name implies, the liability of its members is limited to the amount they contribute to the business. The Company is a legal entity and can own, buy and sell properties in its name
3. Corporation - This is a public company, its share is quoted on the stock exchange and can be freely traded. The ownership (shareholders) of the public corporation is different from those who run them (management). The Company is a legal entity and can own, buy and sell properties in its name
