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AVprozaik [17]
3 years ago
14

Why is it important to understand the competition your business faces?

Business
1 answer:
fomenos3 years ago
5 0

Answer:

It can help you to make your products, services and marketing stand out. You can use this knowledge to create marketing strategies that take advantage of your competitors' weaknesses, and improve your own business performance.

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What is the fundamental goal of a business
never [62]

Answer:

Research has shown that :

The fundamental goal of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility.

3 0
3 years ago
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If you have a credit card with 12.99% APR that compounds daily, what is the effective
gregori [183]

Answer: 13.87%

Explanation:

Effective interest rate is calculated by the formula:

=  (1 + APR / Number of compounding periods)) ^ Number of compounding periods - 1

Number of compounding periods = 365 days in a year

= (1 + 0.1299/365) ³⁶⁵ - 1

= 0.138688

= 13.87%

3 0
3 years ago
In the Investment marketplace, Investors will likely accept a high-risk investment only if it promises
katrin2010 [14]

Answer: C. high returns

Explanation: Risk-return tradeoff is an investing theory which indicates that as higher the risk, the greater the return reward. In order to determine an acceptable risk-return tradeoff, investors need to weigh several aspects, including total risk exposure, the ability to substitute missing capital, and more.

6 0
3 years ago
If a marketer is asking "where is the product typically bought by customers in the international market segments?," what element
Svetradugi [14.3K]
<span>The marketing mix element being addressed is Place. Place refers to the various channels that a business takes product to market. Traditionally, place has referred to the physical locations where a business carries out fulfillment of it orders but in recent times, mail order and websites with online ordering facilities falls under this element.</span>
6 0
4 years ago
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________ management is a systematic, structured approach to improvement, in which people critically examine, rethink, and redesi
Tju [1.3M]

Answer: (A) Business process management

Explanation:

 The business process management is one of the systematic and structure approach for monitoring, executing, designing and also control the process in the business management.

The main aim of the business process management is that it helps in improve the overall operation of the business management. It also control the workflow and also reduce the expenditure of the business.

It also achieve the various dramatic improvement by measuring the performance, quality and the cost. Therefore, Option (A) is correct.

8 0
4 years ago
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