Unshipped products can be charged due to insufficient control activities over the billing mechanism. An overstatement of revenues and receivables and an understatement of inventory may result from insufficient control actions.
What method of inventory management helps a company keep its inventory costs in check?Economic Order Quantity (EOQ) is a model used in inventory management to predict how many units a company should add to its inventory with each batch order in order to reduce the overall costs of its inventory. It makes the assumption that client demand will remain constant.
In order to strengthen the balance sheet, what impact would the sale of inventory that is no longer required have on profits?When a business realizes that a portion of its inventory is no longer useful, it must depreciate the asset by recording an allowance on the balance sheet. This allowance will increase the cost of goods sold, which will adjust the income statement in line with that change.
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which hr metric is most likely to be dramatically affected by a shift from paper-based to web-based resume's for recruiting? answers selection-hit ratio cost per hire time to fill hr expense factor
The HR metric that is most likely to be dramatically affected by a shift from paper-based to web-based resume's for recruiting is cost per hire. It is because if the employee recruiting is used web based, so the cost will decrease.
In the term of business and financial economic, Human Resource metrics also called as HR Metrics. HR metrics generally can be defined as the measurements used to determine the value and effectiveness of HR initiatives. HR metrics included several aspects, such as areas as turnover, training, return on human capital, costs of labor, and expenses per employee.
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a chart with arrows going from need recognition to best solution to comparison shopping to when and where to buy to post-purchase evaluation. which step in this process involves looking at alternative brands? need recognition best solution comparison shopping when and where to buy
The step in the process that involves looking at alternative brands is "Comparison Shopping."
Consumers often begin the buying process by identifying a need for a good or service, then move on to seeking the ideal solution to fill that need. The next step in the process is comparison shopping, where customers research several companies and assess how well they meet their demands by contrasting features, costs, and other elements. After making a choice, they choose where and when to make the purchase, and after doing so, they evaluate the item. In order for customers to weigh their options and make educated decisions based on their requirements and preferences, comparison shopping is essential to the decision-making process.
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true or false: abc is designed to provide managers with detailed information about the cost of activities and is therefore not useful in providing sustainability-related information.
False: ABC is not good for delivering information on sustainability because it is intended to give managers in-depth information on the amount of activities.
You can use the activity-based costing (ABC) method to determine production costs. It divides overhead expenses among tasks involved in manufacturing. Each production-related action, such as having employees examine a product, is given a cost by the ABC system. Activity-based costing offers a more precise way to calculate the costs of goods and services, which results in more precise price decisions. By making expensive and non-value-adding operations more visible, it gives better understanding of overhead expenses and cost drivers and enables managers to decrease or eliminate them. It is a method of accounting used specifically to allocate overhead costs by allocating them to activities. It is a manner, to put it simply.
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Traditional savings account typical add to balance regularly.a. Trueb. False
Flase that means you don't use it for your daily cappuccino or occasional shopping.
With regular contributions, the money in this account will grow over time, depending on your interest rate. The traditional savings account adds to the balance regularly. These types of savings accounts generally allow you to earn interest on your money, although they generally pay lower rates than other savings products. With a regular savings account, you agree to pay a certain amount each month. In return, the bank or building society gives you a higher interest rate than you would get with your regular checking or savings account Savings account.A savings account allows you to earn interest on the funds you have saved for future needs. Interest rates can be compounded on a daily,weekly, monthly or yearly basis. Savings accounts vary based on monthly service fees, interest rates, and account features.
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the division of labor increases the output of society by part 2 a. allowing resources to specialize in the tasks for which they have a comparative advantage. b. allowing specialization based on the concept of absolute advantage. c. eliminating decreasing returns. d. eliminating scarcity.
The division of labor increases the output of society by allowing resources to specialize in the tasks for which they have a comparative advantage. Hence, the correct option is (A).
What Is The Division Of Labor?The division of labor is the activity of separating a workflow into several more specific tasks. The existence of this segregation of work makes each task require workers with special abilities and skills. Therefore, the division of labor can open up more jobs and also provide opportunities for workers who have a comparative advantage to compete in getting these jobs.
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By D. allowing resources to specialize in the tasks for which they have a comparative advantage, the division of labor increases the output of society. So that, the task will be managaeable.
In the term of business and economic, Division of labor generally can be defined as an important economic concept that refers to the separation of tasks in a production process in the business section. In the other side, the Division of work can also be referred to as specialization. In the diversion of work, the workers are assigned smaller and has and has a function to manageable tasks that contribute to the larger main activity. Diversion of labor has several advantage, such as increased output, less wastage, and lower unit costs.
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Indicate what impact the following transactions would have on the accounting equation, Assets = Liabilities + Equity. Transaction impact table Impact 1 Impact 2 Paid monthly note payment to bank Sold inventory on account Bought supplies, to be paid for next month Received cash from sales this month Paid for inventory purchased on account last month
Answer:
The impact of the transactions on the accounting equation, Assets = Liabilities + Equity, is as follows:
Paid monthly note payment to bank:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Bank Loan) decreases
Sold inventory on account:
Impact 1: Assets (Accounts Receivable) increases
Impact 2: Equity (Revenue) increases
Bought supplies, to be paid for next month:
Impact 1: Assets (Supplies) increases
Impact 2: Liabilities (Accounts Payable) increases
Received cash from sales this month:
Impact 1: Assets (Cash) increases
Impact 2: Equity (Revenue) increases
Paid for inventory purchased on account last month:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Accounts Payable) decreases
It is important to note that for each transaction, one side of the equation must increase and the other side must decrease in order to keep the equation in balance.
Explanation:
Bakit mahalaga ang presyo sa implamasyon?
Why is 'price' important in inflation?
Answer:
Explanation:
Price is an important factor in inflation because it is a measure of the cost of goods and services. As the cost of goods and services increase, the overall price level increases, causing inflation. Therefore, changes in prices are closely monitored by economists to measure and predict the rate of inflation.
how can the business incorporate the marketing concept
The benefit of marketing for your company is that it engages customers and has an impact on whether they choose to purchase your goods or services.
Why is the marketing concept important for a company to understand?Marketing for your business has the advantage of informing customers about your products and services, engaging them, and influencing their purchasing decisions. A marketing strategy, which need to be included in your business plan, can help with relevancy, reputation management, and competitiveness as well as with the generation and maintenance of demand.
What marketing principles may the business apply?The marketing concept is developed on the "right" foundation. In order to develop marketing strategies that not only satisfy customer wants but also aid the company in achieving its goals, the marketing idea calls for employing marketing data to focus on client needs and preferences.
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the racketeer influenced and corrupt organizations act (rico) encourages plaintiffs to sue business for corrupt practices , such as priced fixing, insurance and securities fraud, by:
The Racketeer Influenced and Corrupt Organizations act (RICO) encourages plaintiffs to sue business for corrupt practices , such as priced fixing, insurance and securities fraud, by the awarding of the plaintiffs triple the dollar amount of the damages they suffered and the awarding of the plaintiffs attorney fees and court costs.
As The Racketeer Influenced and Corrupt Organizations act which do the priced fixing, it refers to is the non negotiable amount of charged for the product or goods, services and the piece of the work. The types of fixed price is firm fixed-price contracts, fixed- price incentive contracts and the firm fixed-price level of effort contracts.
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Hanson Company reports a $341,980 increase in inventory and a $10,000 increase in accounts payable during the year. Cost of Goods Sold for the year was $1,250,000. Assume that all inventory was bought on account. The cash payments made to suppliers were:a. $1,250,000b. $898,020c. $1,581,980d. $918,020
Based on the given information, the cash payments made to suppliers were $1,250,000. Thus the correct option is A.
What is cash made to suppliers?The payment which is made to suppliers in exchange for raw material or any product in the form of cash is called Cash made to suppliers.
The calculation for cash payments made to suppliers
Cash Paid to Suppliers = (Cost of Goods Sold + Increase in Inventory) - Increase in Accounts Payable
= (1,250,000+$10,000)- $10,000
= $1,250,000
Therefore, Cash made to suppliers is $1,250,000. The appropriate option is A.
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what are the three stages of the cell cycle in order?
The correct answer is The interphase (G1, S, and G2), mitotic phase (mitosis and cytokinesis), and G0 phases make up the cell cycle.
The set of alterations that a cell goes through, leading to its development and division into two daughter cells, is known as the cell cycle. Interphase and mitosis are the two stages of the cell cycle. In humans, a cell takes 24 hours on average to go through its two stages. Chromosomes and other cell components duplicate to create two copies of themselves during the course of the cell cycle, which consists of a number of phases. The cell then divides into two daughter cells, giving each one a copy of the duplicated material. The cell cycle is complete when each daughter cell has its own outer membrane around it.
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When Jermain Is Facing Novel And Complex Situations Which Decision Making System Would Be Better?
The intuitive decision-making system may perform better when Jermain is faced with unfamiliar and challenging circumstances.
This system, which is built on a person's past experiences, instincts, and gut feelings, enables quick and adaptable answers to unforeseen circumstances.
It is especially helpful when there is little time to make a choice or when the data is unclear. Contrarily, the analytical decision-making approach is built on systematic and logical information processing and is better suited for well-structured, everyday issues.
Both intuition and analysis can be helpful in unfamiliar and complicated situations. Jermain can first utilize intuition to come up with potential answers, then apply analysis to assess and narrow these possibilities.
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which product and service strategy is used to produce standard components that can be combined to customer specifications? assemble-to-order make-to-order make-to-package make-to-stock assemble-to-deliver
Producing standard parts that can be assembled to customer specifications is done using the product and service strategy.
Which of the following processes results in standardized items that can be swiftly delivered to the customer?A make-to-stock procedure results in standardized goods that may be sent out right away.
Which approach to a product and service has the fastest lead time for delivery?Among the available options, the make-to-stock product and service approach provides the lowest lead time for delivery, but the client is not involved in the product design process.
What kind of operation is utilized to create a wide variety of products with diverse process needs in general lower volumes?A variety of products with various processing requirements are produced in lesser volumes using intermittent operations.
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What is opportunity cost?
A. Giving up one thing in return for another.
B. Choices sacrificed.
C. The cost of what is lost.
D. The cost of what was gained.
Answer:
A. Giving up one thing in return for another
Answer:
A. giving up one thing in return for another
Explanation:
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the decision by ge to do business, through subsidiaries, with iran would have been made at what organizational level? group of answer choices administrative management first-line management front-line supervisor middle-level marketing management top management
The decision by GE to do business with Iran through subsidiaries would likely have been made at the top management level.
This level of management, also known as executive management or senior management, is responsible for making high-level, strategic decisions that will guide the direction of the organization. They are responsible for setting the overall goals and objectives of the company, determining the resources needed to achieve these goals, and making decisions that will have a significant impact on the future of the organization. Top management includes the CEO, president, vice presidents, and other key executives. They have the authority to make decisions about major investments, entering new markets, and entering into partnerships and collaborations with other companies. They also have the responsibility for ensuring that the organization is in compliance with all applicable laws and regulations, including those related to international trade and commerce. In the case of GE, the decision to do business with Iran through subsidiaries would have likely involved careful consideration of the potential risks and benefits. Top management would have taken into account factors such as market conditions, economic sanctions, and the political climate in Iran, as well as the company's overall strategic goals and objectives. They would also have consulted with legal and financial advisors to ensure that the company was in compliance with all relevant laws and regulations.
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explain how society's economizing problem (described by a ppc) is different from an individual's economizing problem (described by a budget line).
Making Decisions in the Economizing Problem. Given that society's material needs for goods and services are unending but that the resources available to meet these needs are constrained, choices must be made.
There are many other items must be sacrificed or given up in order to generate one unit of a product. A budget line (or budget limitation) graphically depicts the difficulty of personal economising. Certain the pricing of the two products, the line displays several pairings of two things that a consumer could buy with a given amount of money.
Choices must be made because economic desires exceed available resources. The distribution of income between consumption and savings, as well as the allocation of consumption, are a few instances of the economising issues.
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james hogan is purchasing a $25,000 automobile, which is to be paid for in 48 monthly installments of $563.44. what is the effective interest rate per month for this financing arrangement?
The advised value of the effective interest rate per month for the backing arrangement is0.326
In order to determine the yearly interest rate( r), the original purchase price can be equated to the sum of present value of all the inaugurations where the reduction factor consists of interest rate of r and its exponential power denotes the timing of the separate cash inflow as shown below
$25,000= [tex]$563.44/ (1+r)^{1}[/tex] + [tex]$563.44/ (1+r)^{2}[/tex] + ..... + [tex]$563.44/ (1+r)^{48\\}[/tex]
On working the below equation with a fiscal calculator we get, yearly interest rate( r) = 0.326
In the parlance of finance and economics, a substantial loan quantum may be settled by making periodic equal payments for a given tenor of time. These periodic payments may be yearly or daily in nature. similar series of equal periodic payments is called as an annuity.
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many companies develop a formal statement of primary values and ethical standards for employees and managers to follow. this is called a
A code of ethics is a written declaration of an agency's core values and indeed the ethical guidelines that its employees are expected to follow. This is an example of an ethical code.
Where what ethical file is a formal statement or a code of conduct regarding an institution's beliefs and principles?
It functions similarly to the "Company's Constitution" in that it contains general guidelines that will direct employees' performance. The document lays out a set of guiding principles for judgement call.
Which understanding of the term BEST captures the essence of ethics?
Ethics are indeed the items and behavior where a person considers to just be good or bad.
Family system or values are traditional or cultural values that pertain to the configuration, operate, roles, religious views, perceptions, as well as ideals of both the relatives. Hence family system becomes a source of ethics.
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the relevant range for maxco industries is 10,000 to 16,000 units of product. the variable costs per unit are $6 when a company produces 12,000 units of product. what are the variable costs per unit when 14,000 units are produced?
Option d is Correct. When a business produces 12,000 units of a product, the variable expenses per unit are $6. When 14,000 units are produced, variable costs per unit remain the same. Variable costs remain constant.
The term "relevant range" describes the range of activity in which total variable cost remains constant in per unit but not in total, whereas total fixed cost remains constant in total but not in per unit. Relevant range remained constant despite changes in the company's operations.
Variable costs do not change over time, however fixed costs per unit do. Within the appropriate range, total fixed expenses remain stable. If the number of units changes, the total fixed cost is distributed among the modified units (increases or decreases).
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Correct Question:
The relevant range for Maxco Industries is 10,000 to 16,000 units of product. The variable costs per unit are $6 when a company produces 12,000 units of product. What are the variable costs per unit when 14,000 units are produced?
a. $4.50.
b. $5.00.
c. $5.50.
d. $6.00.
e. None of the answers is correct.
maggie corporation has a selling price of $25 per unit, variable costs of $12 per unit, and fixed costs of $140,400. how many units must be sold to break even?
Maggie Corporation must sell 10,800 units to break even.
In economics, business, and especially cost accounting, the break-even point is the point at which total cost and total income are equal, i.e. "even". There is no net loss or gain, and one has "broken even," despite the fact that opportunity costs were incurred and capital got the risk-adjusted, expected return.
To calculate the break-even point for Maggie Corporation, you can use the following formula:
Break-even point in units = Fixed Costs / (Selling Price - Variable Costs)
Plugging in the values provided, we get:
Break-even point in units = $140,400 / ($25 - $12)
Break-even point in units = $140,400 / $13
Break-even point in units = 10,800 units
This means that at this sales volume, the revenue generated from sales will equal the total costs, and the company will not make a profit or a loss.
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deborah wants to have $1,000,000, 35 years from now. she invested $55,000 that she got from an inheritance. what rate of return does her investment need to earn in order for her to have the $1,000,000, 35 years in the future?
The answer is 17.18%, it is the rate of return if Deborah wants to have $1,000,000, 35 years from now and she invested $55,000.
An easy way to define investingA purchase made for the purpose of earning money or appreciating in value is known as an investment. When an asset's value rises over time, this is referred to as appreciation. When someone buys something as an investment, they don't intend to utilize it right now to make money; instead, they plan to use it later to do so.
What are investment and its various forms?Two broad categories—Equity and Debt—can be used to categorize investments. Investing in equity basically entails purchasing various types of company shares. When you invest in debt, you buy securities that trade on the money market.
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o if a positive externality is present, then what is the difference between the social marginal benefit and the private marginal benefit?
When there is a positive externality, the societal marginal benefit of an item or service exceeds the private marginal gain. The social marginal benefit considers the advantages.
that accrue to society as a whole in addition to the benefits gained by the individual consuming the commodity or service. The private marginal benefit, on the other hand, exclusively examines the individual's benefits. As a result, the value of the positive externality that is not represented in the market price of the commodity or service is the difference between the societal marginal benefit and the private marginal benefit. This disparity causes a market failure since the market price does not reflect the whole societal value of the item or service. In such cases, To repair the market failure and match the market price with the societal marginal benefit, the government may opt to engage in the market, for example, by giving subsidies or enforcing rules.
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as presented in this chapter, in many ways the problem of low wages and poor working conditions is a bigger problem today than during the british industrial revolution. why?
The poor living conditions that prevailed in the cities and towns were a result of overcrowding, poor sanitation, the spread of diseases, and pollution. Workers also received pitiful pay that barely allowed them to cover their living expenses, which included their rent and food.
Poor workers were often housed in cramped, appallingly inadequate settings. The working environment was dangerous, with employees being subjected to trauma from machinery, claustrophobic workspaces.
With poor ventilation, and toxic exposure to heavy metals, dust, and solvents. Soil contamination, water pollution, and air pollution were a few of the detrimental effects, all of which significantly lowered life expectancy and quality of life.
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if the absolute value of slope of the demand curve is 2.5, price is $6 per unit, and the quantity demanded is 8 units, then the price elasticity of demand is
Demand's price elasticity is equal to 0.3 if the price per unit is $6, the quantity required is 8, and the slope of the demand curve is 2.5 in absolute terms.
When rice costs $6 per pound, what is the price elasticity of demand?(P/Q) (1/slope) is the equation for the price elasticity of demand at a specific location. Here, (6/2) × (2/3) = 2.
How is the price elasticity of demand calculated in absolute terms?The amount demanded is responsive to price changes in terms of price elasticity of demand, which is computed by dividing the percentage change in quantity demanded by the percentage change in price.
What does a reading of 0.6 for the absolute price elasticity of demand mean?Therefore, if the price elasticity of demand for a product is equal to 0.6, the demand is inelastic (since the elasticity is less than 1). A 1% price rise would result in a 0.6�cline in demand.
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suggesting a company align itself with a certain concert series is called ?
Sponsorship is the idea of a corporate joining forces with a certain musical series.
What is the definition of sponsorship?Sponsoring is the act of financially supporting a cause, endeavor, individual, or group through the provision of goods or services (or someone). The support provider, often known as the sponsor or benefactor, is the person or organization that provides the assistance.
What is the purpose of corporate sponsorship?Corporate sponsorship is primarily used by companies to differentiate themselves from competitors and broaden the visibility of their brand or operation. In order to reach a certain target market to which your nonprofit has access, such as your contributors, they may even include corporate sponsorship in their plan.
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i am a basket maker in india. the people in my village make beautiful baskets. my grandmother and my mother made baskets. what type of economic system am i describing?
i am a basket maker in India. the people in my village make beautiful baskets. my grandmother and my mother made baskets . I am describing Traditional Economy .
Since the modern economy is historically derived from the traditional one, experience shows that the traditional economy has only three future scenarios: market, command or mixed economy. If there is competition in the traditional economy, it is competition for scarce natural resources. The traditional economy threatens the environment less than any other market system. People in the economy have traditional occupations such as farming, fishing, hunting or grazing .
Traditional economy is a system based on custom, history and ancient beliefs. Tradition drives economic decisions such as production and distribution. Traditional economic societies depend on agriculture, fishing, hunting, gathering, or a combination of these.
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consider three companies: walmart (a multinational retail chain), staples (an office supplies chain) and intel ( a chip manufacture). which one will have the highest amount of accounts receivable relative to its sales?
Walmart has built a supply chain with clusters of stores around its global manufacturing and distribution network, making it a top priority. Accounts receivable job descriptions include reviewing and posting receipts and resolving discrepancies to secure revenue.
An employee who works as an accounts receivable clerk plays an important role in ensuring that the company receives payments for goods and services and records those transactions accordingly.
This role requires candidates to be organized and have a keen eye for detail to uncover problems that may arise.
Accounts receivable (AR) is the amount owed to a business for goods or services supplied or used by a customer but not yet paid for. Accounts receivable are reported as current assets on the balance sheet. The amount a customer owes for purchases made on credit is the AR.
Accounts Receivable (AR) is an asset account on the balance sheet that represents money owed to a company in the short term.
Receivables occur when a company allows a buyer to purchase its goods or services on credit.
Liabilities are like receivables, but they are money owed rather than money to be received.
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speedy shipping company is concerned about the high number of tickets its drivers are receiving. use the data gathered to create a pareto chart. what percent of tickets does the first bar on the left represent?
For a Pareto chart,the first bar on the left represents the rapid transit company is concerned about the large number of tickets its drivers are receiving.
Six Sigma as a process improvement methodology involves a vast library of tools and insights, which will be covered throughout this book A Guide to the Principles,tools, and benefits of this Powerful Methodology for Improving Your Business Processes and Career Prospects. a graph indicating the frequency of defects as well as their cumulative impact. Spend data, also known as acquisition spend data,is information about a company's spending on purchased goods and services. Pareto charts help you identify the most important dimension in a large set of dimensions. Columns display data in descending order.Time and motion studies represent another approach where training can be used to make people respond to an established pattern of behavior.
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a customer's personal service philosophy is an influence on his/her adequate service expectations. group startstrue or falsetrue, unselectedfalse, unselectedgroup ends
The statement '' The customer's personal service philosophy affects his adequate expectations for the service ''is True because
the customer's personal service philosophy affects his adequate expectations for the service.
The source of desired expectations is the customer's experienced service capabilities. Hurricanes and tornadoes that affect many people are examples of personal situational factors. A personal philosophy is a set of guiding principles by which we live. It affects everything from the words you say to the actions you take to the products you buy and don't buy at the store.
The customer service philosophy is the shared mission of your support team, a set of guiding principles that ensure you follow your core values in every customer interaction. In general, a customer service philosophy consists of two parts: vision and values.
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The correct question is :
A customer's personal service philosophy is an influence on his/her adequate service expectations (T/F) .
after many ideas have been generated, marketing starts a focus group with all ideas. select one: true false
A focus group with all the ideas is started by marketing once several ideas have been developed. This statement is false.
A focus group is typically conducted after the ideation phase, but not necessarily after all ideas have been generated. In the marketing process, ideation typically involves generating a large number of ideas from various sources, including market research, customer feedback, and internal brainstorming sessions.
This stage is usually followed by the evaluation and selection of ideas, where the most promising concepts are selected for further development.
A focus group is a qualitative research method that is used to gather feedback from a representative sample of consumers about a particular product, service, or concept. Focus groups are typically conducted after the evaluation and selection of ideas when the marketing team has identified a few promising concepts that they want to test with consumers.
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