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djyliett [7]
2 years ago
7

Rayman Automobiles, an automobile manufacturing company, was founded in 1912. The company primarily focused on creating greater

efficiencies by refining its processes and creating specialized jobs. This allowed the company to increase its output and lower the prices of its products. As a result, automobiles became an affordable commodity. In the context of the history of American business, Rayman Automobiles was most likely founded during the _____. a. marketing era b. digital information era c. production era d. entrepreneurship era
Business
1 answer:
kiruha [24]2 years ago
8 0

Answer:

Option C: Production Era

Explanation:

The production era. Is known as Stage 2 of marketing's evolution. found in the 1930s, highest production capability than ever before. The problem now became competition then. It was characterized by mass production of lots of products increased the availability of product in the marketplace that is available.

You might be interested in
What are the principal tools and technologies for accessing information from databases to improve business performance and decis
slamgirl [31]

Answer:

There are many principal tools and technologies for accessing information from databases that help make business performance and decision making better.

Data warehouse:

  • A data warehouse is a big database that houses all the data that is needed to make decisions throughout the whole organization.

How a data warehouse works:

  • The data warehouse first takes all the data from the company's operational systems and combines it with the data that is pulled from outside sources.
  • This collection of data is reformatted into one database that is used for management reporting analysis.

How it benefits organizations:

  • A data warehouse benefits organizations by making data available for anyone to access as needed.
  • This keeps the data information secure and can prevent redundancies or inconsistencies.
  • It ultimately helps management make decisions that will help the company move forward.

Business intelligence:

  • Business intelligence is the term used to describe the data and software tools for organizing, analyzing, and providing access to data in order to help a company make better decisions.
  • The tools give user the opportunity to analyze data in hopes of seeing new patterns and relationship that are useful for better decision making.

How it relates to database technology:

  • The tools for business intelligence consist of software that performs database querying and reporting, multidimensional data analysis, and data mining.
  • The data can be analyzed by the company once it is made available in the data warehouse. Online analytical processing (OLAP):
  • OLAP allows end users to view data in many ways through the support of multidimensional data analysis.
  • Different information on a certain piece of data would be represented in a different dimension. Comment

OLAP capabilities:

  • A multidimensional model can be designed to represent products, regions, actual sales, and projected sales.
  • A matrix of actual sales is put on top of a matrix of projected sales in order to form a cube consisting of six faces.
  • Rotating the cube 90 degrees one way will show the product versus actual and projected sales.
  • Rotating the cube 90 degrees again will show the region versus actual and projected sales.
  • Rotating the cube 180 degrees from the original view will show the projected sales and product versus region.

Data mining:

  • Data mining is defined as a process that provides a business with insights into company data through the searching of patterns and relationships that will help better foresee future behavior.
  • Data mining helps make better decisions and predicts the effects that may result from those said decisions.

How it is different from OLAP:

  • OLAP requires the user to have a good idea about the information for which they are looking.
  • Data mining doesn't require the need to have a good idea about the information for which they are looking.
  • Also, OLAP doesn't have the capabilities to search for hidden patterns and relationships in large databases.

The type of information that data mining provides:

Associations:

  • Occurrences that are connected to a single event.
  • Patterns in sales can be analyzed to provide managers with better decision making.

Sequences:

  • Occurrences when events are connected over time.

Classifications:

  • The recognition of patterns and relationships that define the group to which an item belongs.
  • Classification helps discover the characteristics of a customer so that managers will be able to come up with ways to keep those customers from leaving.

Clusters:

  • Similar to how classifications operate except for the fact that groups haven't been defined.
  • Clusters make it possible to discover different groupings in the company data.

Forecasts:

  • Forecasts make predictions by using existing values to predict what other values will be.
  • Forecasting provides a way for the company to predict the values of their sales figures.

Text mining:

  • Tools for analyzing data that work by obtaining important elements from unorganized data sets, finding patterns, and summarizes the data so that a company can make better decisions for the business.

Web mining:

  • Web mining is defined as the analysis of patterns and relationships from the World Wide Web.  

How they differ from conventional data mining:

  • Conventional data mining finds patterns and relationships in information that is structured.  

The way that users can access information from a company's internal databases through the Web:

  • A user can access information from a company's internal databases through the Web is by using Web browser software on their PC.
  • The requests are done by using HTML commands to communicate with the Web server.
  • The Web server passes the requests for data to software that translates HTML commands into structured query language (SQL) so that they can be processed by the DBMS working with the database.
  • The DBMS receives the SQL requests and provides the needed data.

8 0
3 years ago
Capital budgeting is the process Question 2 options: used in sell or process further decisions.
Kruka [31]

Answer:

Capital budgeting is the process "of making capital expenditure decisions"

Explanation:

Capital budgeting is a planning process employed by a firm's management to evaluate if embarking on long-term investments (like purchase of a new machinery, replacement of old non-current assets, new product line, etc) are viable and profitable.

Decisions made by management must be informed decisions and one of the ways in which an investment decision can be evaluated to check if it is worthwhile is the capital budgeting process

4 0
3 years ago
Tyler Young sells a diverse line of conveyor systems to small manufacturers. He has found that he is most successful when he use
WARRIOR [948]

Answer:

The correct answer is letter "C": consultative selling approach.

Explanation:

The consultative selling approach is a method of sale that requires vendor-customer engagement to provide consumer personalized experience by pointing out solutions out of open questions according to the customers' needs. Normally, vendors do not follow sales speeches to attract the consumers' attention but they improvise identifying the potential reason why customers would purchase a product.

3 0
3 years ago
The commission structure on a stock purchase is $45 plus $0.04 per share. If you purchase five round lots of a stock selling for
Vedmedyk [2.9K]

The commission for purchasing five round lots of a stock selling for $130 is $65.

<h3>What is round lots of a stock?</h3>

A specified quantity of securities to be traded on an exchange is known as a round lot. In the stock market, a round lot is defined as 100 shares or a bigger number that may be divided in half equally.

1 round lots = 100 shares

5 round lots = 500 shares

The commission structure on a stock purchase is $45 plus $0.04 per share.

For 500 shares, the commission is

= 45 + 0.04×500

= 65

Therefore, the commission for purchasing 500 shares of stock selling for $130 is $65.

To know more about commission, here

brainly.com/question/957886

#SPJ4

7 0
1 year ago
A car dealer who sells only late-model luxury cars recently hired a new salesman and believes that this salesman is selling at l
Natasha2012 [34]

Answer:

t=\frac{5000-5600}{\frac{800}{\sqrt{16}}}=-3      

Explanation:

Data given and notation      

\bar X=5000 represent the sample mean      

s=800 represent the standard deviation for the sample      

n=16 sample size      

\mu_o =5600 represent the value that we want to test    

\alpha represent the significance level for the hypothesis test.    

t would represent the statistic (variable of interest)      

p_v represent the p value for the test (variable of interest)  

State the null and alternative hypotheses.      

We need to conduct a hypothesis in order to determine if the mean is lower than 5600, the system of hypothesis would be:      

Null hypothesis:\mu \geq 5600      

Alternative hypothesis:\mu < 5600      

We don't know the population deviation, so for this case is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:      

t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}} (1)      

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".  

Calculate the statistic      

We can replace in formula (1) the info given like this:      

t=\frac{5000-5600}{\frac{800}{\sqrt{16}}}=-3      

4 0
3 years ago
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