Answer:
Help them evaluate the business' growth
Explanation:
When they set objectives, they can look at it later on and check if they had reached their goal. So they can see how far they've reached as a business.
Answer: Add and delete divisions
Explanation:
The process structure in organizations is when the organization is divided into different departments such that they're all related to each other for organizational goals to be achieved.
The divisions can include sales, research, manufacturing etc. It brings about more competition among the departments, focuses on customers and brings about flexibility.
Therefore, the disadvantage will be "Add and delete divisions".
Answer:
The correct answer is letter "A": research and validate marketing opportunity, identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity.
Explanation:
In an attempt to expand their operations, companies must analyze the market where they are planning to handle businesses. For such a purpose, entities must use two important tools which are segmentation and targeting. Segmentation is the classification of the market that differentiates customers by different features such as age, gender or income.
Targeting refers to selecting a specific sector of the market to whom the product planned to be manufactured will be offered. The steps an organization should follow to conduct the segmentation and targeting correctly are:
- <em>Research and validate marketing opportunity (in the beginning)
</em>
- <em>Identify business needs
</em>
- <em>Segment total market
</em>
- <em>Profile target customer segment
</em>
- <em>Research and validate marketing opportunity (at the end)</em>
Answer:
Correct option is (c)
Explanation:
Mean is the average of values in a data set. Range is the difference between highest and lowest values in the data set and median is the mid point (value) that separates lower and higher values in a data set.
If a data point is added, in this case 28th employee is added, definitely mean will change. If data point higher than existing mean is added, then mean will increase. Median and range may or may not change depending on the value added or removed.
In this case, mean is likely to increase since 28th employee's salary is more than existing mean.
