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nata0808 [166]
3 years ago
10

What are the phases of Design Thinking and discuss its importance

Business
2 answers:
OLga [1]3 years ago
4 0

Answer:

Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. Involving five phases—Empathize, Define, Ideate, Prototype and Test—it is most useful to tackle problems that are ill-defined or unknown.

Explanation:

ZanzabumX [31]3 years ago
3 0

Answer: Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. Involving five phases—Empathize, Define, Ideate, Prototype and Test—it is most useful to tackle problems that are ill-defined or unknown.

Explanation:

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Kay and Jenny's, a restaurant, implements a new system that identifies and gathers information about its regular customers. It r
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Answer:

Customer relationship management (CRM)

Explanation:

Customer relationship management can be defined as a set of technologies, strategies and practices related to a business, whose main objective is to focus on the relationship with the customer.

The information age has revolutionized the way companies relate to their customers, nowadays digital media and new technologies have enabled greater interactions between company and customer, which created a need for companies to also seek corporate strategies and technologies that would bring relevant benefits for business success. Some of the CRM platforms enable companies to gather information from customers in order to manage sales opportunities and leads, in addition to organizing accounts and contacts in an accessible way and optimizing and accelerating the sales process.

5 0
3 years ago
Roshannon Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing sys
Rina8888 [55]

Answer:

Im figuring this out for you!

Explanation:

3 0
4 years ago
Adjusting Entries are:
LekaFEV [45]

Answer:

The answer is B.

Explanation:

Some business transactions are so huge or large to the extent that there might be omission or error in recording transactions when they occur.

Adjusting entries are done to update entries for previously unrecorded expenses or revenues. They are usually done at the end of the months.

Since accrual methods are the most preferred, they are done to make Financial statement achieve the objective of 'completeness'

6 0
3 years ago
Read 2 more answers
Suppose the multiplier is 5 and the government increases its purchases by $15 billion. Also, suppose the AD curve would shift fr
german

Answer:

A) 20 billion

Explanation:

Y = AD

   = C + I + G  

C = A + cY

A - Autonomous Consumption

c - MPC

Y = A + cY + I + G

Y - cY = A + I + G

Y(1 - c) = A + I + G  

Y = (A + I + G)*1/(1 - c)

Taking derivative with respect to goverement purchase  

dY/dG = 1/(1 - c)  

( here d is represting del we are representing partial derivative.)

1/(1 - c) = Multiplier

dY = Multiplier*dG  

     = 5*15  

     = 75

75 = horizontal distance between AD1 & AD2

55 = horizontal distance between AD1 & AD3  

Extent of crowding out = 75 - 55 = 20

Therefore, the Extent of crowding out is 20 billion.

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3 years ago
The republican party has used both the _____ and the eagle to identify itself.
ASHA 777 [7]
<span>The Republican Party currently uses the Elephant as a symbol to represent itself. This started in the 1870s when the political cartoonist Thomas Nast used it opposite a Donkey for the Democratic Party.</span>
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3 years ago
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