Answer: E) Recoding
Explanation:
Recoding refers to the changing of a variable to better suit the needs for which the variable is being collected.
The variable's parameters can be redefined using recoding to either include more information or less so that the result can be more reflective of the situation on ground.
In mixing the lowest income category with the next lowest, recoding would have occurred.
Answer:
Cheeses from England.
Explanation:
First, let us define what Marketing Mix is:
- This refers to the number of strategies a company employs to promote its goods and services in the market. The four Ps of the marketing mix include Product, Price, Place and Promotion.
The goal of a marketing strategy is to create awareness among the target audience.
Feedback and surveys are ways in which a company informs its marketing mix strategy. Therefore, if it has been determined from the customer feedback from company surveys and cheese tasting that the Product the customers prefer is Cheese from England, then that is what should be produced and promoted.
It cannot be over emphasized that companies are in business because of the customers, so their opinion takes precedence, as the saying goes, customer is always right. Therefore, if the need of the customer is not met, the company will make no profits.
The company president and product director will have to do what the customer wants.
Answer:
P = $ 45833.33
Explanation:
Given data:
interest amount = $11,000
time = 4 year
interest rate = 6%
we know that
simple interest = PRT
solving for Principal amount P,
P = $ 45833.33
Answer:
Quality control
Explanation:
Six Sigma is a quality business management strategy which helps business organizations to improve the quality of processes, products and services by discovering and eliminating defects, variations or errors. It is a strategic business concept that was developed in 1986 by Motorola.
Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services. It allows only 3.4 defective features for every million opportunities and as such expects processes to be defect free 99.99966 percent of the time.
Generally, there are two (2) main methods of achieving the six sigma approach;
1. DMAIC: define, measure, analyze, improve and control.
2. DMADV: define, measure, analyze, design and verify.
Hence, a pre-concert rehearsal is an example of quality control because the participants or team members are made to practice their routines so as to master them and prevent mistakes on the day of the concert. Thus, a pre-concert is aimed at getting the best out of a team in order to deliver a quality performance to the audience.
The needs that are not being met by business are man power,funds and strategy planning.The non-profit organization are funds.Yes, If you speak to entrepreneurs or non-profit organization they would call and talk about the funds.To find out meet friends whose dad run businesses and donate at least $10 to an non profit organization.
Explanation:
- Business has categories, Big caps, mid caps and small caps.
- Big cap( Organization with huge business like MC Donald.
- Mid caps ( Organization with employees about 500)
- Small caps ( SME small medium enterprise about 5 - 10 employees)
- Small scale enterprises have bigger problems they are not sustained.
- They run with employees who are not strategically smart and limited
- To start entrepreneurs must have land, labor,capital and organization.
- They are having minimum of that which is the important part.
- Non-Profit organization have categories to they known and unknown.
- The known ones are funded with bigger organization.
- The unknown ones are not but yet there could be differences.
- The Non-profit organization fights,poverty, female gender for basic.
- Necessity which is apparently still a big problems.
