Answer:
It will help you steer your business as you start and grow. Think of a business plan as a GPS to get your business going. A good business plan guides you through each stage of starting and managing your business. You'll use your business plan like a GPS for how to structure, run, and grow your new business.
The product/service management that Ray do was that He had made his design department to be able to design a furniture piece.
<h3>What was Ray doing?</h3>
Product service management (PSM) is known to be a kind of a marketing function that is said to be based on making better a product or service due to market changes.
Note that involves an ongoing analysis of their features so that one can be able to improve as well as modify the items that are needed.
Ray in the above is carrying out marketing information management by gathering information from customers to use so that he can set up the theater system seats. The activities is one that entail pricing and the use of the channel management function.
Therefore, The product/service management that Ray do was that He had made his design department to be able to design a furniture piece.
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Answer:
Compared to a barter economy, using money increases efficiency by reducing: transaction costs. Barter is the: direct exchange of goods and services.
Answer:
D. A diverse portfolio is more likely to have a stock inside of it that performs amazingly well.
Explanation:
Diversification of portfolio means adding different stocks / shares in investment portfolio.
Option D is correct because when we have different kind of stock, there are chances that if one fails to perform, one can outperform and it is likely to have a stock which can perform amazingly well.
Now we will see that why all the options are incorrect one by one.
option A is not true because it is not necessary that diverse portfolio cannot fail altogether. So it cannot be guaranteed that it will have higher return for sure.
Option B is not true as diverse portfolio cannot have lower volatility if all perform like same.
Option C is also incorrect as correlation is not necessary in diverse portfolio.
Answer:
B) Decentralization of authority
Explanation:
Based on the scenario being described it can be said that the concept that is best illustrated in this scenario would be a decentralization of authority. This is the process in which authority is moved to the lower level managers within an organization. Which is what is happening in Chimbake, since they have given the store managers full authority to control and create the dessert flavors as they see fit.