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Illusion [34]
2 years ago
5

Your team is working hard to develop a strategy to serve a new client. Which of the following actions is most important to ensur

ing an effective strategy is chosen?
a. Suggest that each proposed strategy be evaluated against a set of key objectives.
b. Invite the client into a meeting to shape the strategy.
c. Conduct a benchmarking survey of similar clients to determine best strategy.
d. Ask the team member with the most industry-related experience to lead the process.
Business
1 answer:
Levart [38]2 years ago
8 0

Answer:

b. Invite the client into a meeting to shape the strategy.

Explanation:

It is very important when we invited the client for meeting so that we are able to share the strategy as the open and loose could be discussed in a proper way and in easy way also the suggestions are also welcome. In addition to this, the strategy should be taken place as per the preferences, requirements and choices of the clients

Therefore the option b is correct

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3 years ago
On February 1, 2021, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of
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Answer:

2021

revenue                 2,666,667

we have cost for <u>  2,000,000  </u>

income for                666,667

2022

revenue                     3.278.400‬

cost                       <u>     2,500,000    </u>

income                          778.400‬

2023

revenue          2,054,933‬

cost             <u>    3,800,000   </u>

loss                   1,745,067‬

Explanation:

2,000,000/ (2,000,000 + 4,000,000) = 1/3

in 2021 a third of the contract was complete therefore we recognize a third of revenue:

8,000,000 x 1/3 = 2,666,667

we have cost for   2,000,000

income for                666,667

2,500,000 / (2,500,000 + 3,600,000) = 0,4098

we recognize revenues for 40.98 of the total contract value.

8,000,000 x 40.98 = 3.278.400‬

cost                       <u>     2,500,000    </u>

income                          778.400‬

2023

we recognize the remaining revenue.

8,000,000 - 2,666,667 - 3,278,400 = 2.054.933‬ revenue

cost 3,800,000

loss   1,745,067‬

7 0
2 years ago
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