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Nezavi [6.7K]
3 years ago
7

Cat's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking t

o take over as the market share leader in the segment. Without sacrificing contribution margin, what can the Cat product manager do in order to improve upon the buying criteria, and thus potentially increase demand
Business
1 answer:
Ugo [173]3 years ago
8 0

Answer:

Increase promotion spending

Explanation:

Note that the challenge for the product is to get a demand that supersedes that of their competitor. Thus, by spending more on promotion they could still maintain the contribution margin while at the same time increase consumers demand the product.

For example, by adding extra gift items to their products consumers would likely feel motivated to buy the product over the other.

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Answer: When employees are provided with a conducive environment they perform better than normal and with good products and services customers are satisfied hence more profit. The CEO should ensure all department work with same goal for the benefit of the organization

Explanation:

Companies tend to focus on the non-economic goals such as providing a good place for employees to work, good product and services to the customers and acts as a good citizen in the society. Achieving these goals are costly and doing so might interfere with profit maximization but in long term achieving them is beneficial to the company. When employees are provided with a conducive environment they perform better than normal and with good products and services customers are satisfied hence more profit. The CEO should ensure all department work with same goal for the benefit of the organization

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3 years ago
__________ consist(s) of right and wrong and the morality of choices.
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Answer:

d.) Ethics are the standard of what is right and wrong, and they are based on our values. Being ethical requires a moral judgement, and that's not always easy. Ethical behavior takes courage and has to be practiced.

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Suppose you are the manager of a company and must decide whether to outsource your Human Resources department.
Natasha_Volkova [10]

IRAC method is used in outsource the human resource department for the company, as it helps the company to understand the types of employees they needs with the issue, rule, analyze and go to conclusion with the hiring the human resource department.

<h3>What is meant by human resource department?</h3>

Human resource department is the department in the organization that facilitates the company to employee the best and suitable candidate for the vacancy.

They take the interview before finalizing the candidate and check the capability of the candidate and evaluate the skills according to the demand of company.

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For more information about Human resource department, click here:

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