One of the key tasks that Amy should perform is to create a detailed job description for the position. This involves outlining the roles, responsibilities, and qualifications required for the job, including any specific skills or experience that may be necessary. The job description should be clear and concise, and should accurately reflect the expectations of the position.
Another important task that Amy should undertake is to carefully review and screen potential candidates for the job. This involves assessing the candidate's education, work experience, and any relevant skills or certifications they may possess. She should also conduct an interview with the candidate to evaluate their fit for the job, as well as to assess their communication skills and overall suitability for the organization.
Once Amy has identified a suitable candidate, she should work with the hiring manager to ensure that the new employee is properly onboarded and trained for the position. This involves providing the necessary training and resources to help the employee become familiar with the job and the organization and to ensure that they are able to perform their duties effectively.
In summary, creating the right fit between the job and the employee involves a range of tasks that aim to match the skills, knowledge, and experience of a potential employee with the requirements of the job position.
These tasks may include creating a detailed job description, carefully reviewing and screening potential candidates, and ensuring that the new employee is properly onboarded and trained for the position.
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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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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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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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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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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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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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what is the difference between the linear model of communication and the transactional model of communication?
The sender and receiver exchange information in the linear model. It only goes one way. The book uses broadcasting on radio and television as examples. In the transactional paradigm, two persons are conversing with one another at the same time.
According to the transactional Model of communication, communication is a process through which communicators create social realities in a variety of social, relational, and cultural contexts. In this strategy, nurses talk to one other not simply to exchange information but also to build relationships. Organize connections across cultures. In general, a transactional model is a model that considers interactions in two ways at once.
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for his birthday, dan's parents gave him $600.00 which they put into a savings account that earns 15% interest compounded monthly. when dan started college, he withdrew the entire balance of $2,630.00 and used it to pay for tuition. how long was the money in the account?
The money was in the account for 4 years.
Dan's parents put $600.00 into a savings account that earned 15% interest compounded monthly. After four years, the balance had grown to $2,630.00, and Dan used it to pay for his tuition when he started college.
This demonstrates the power of compound interest, as the initial $600.00 had grown by over four times its original amount after four years of earning interest. It also shows the importance of saving, as Dan was able to pay for his tuition without having to take out loans.
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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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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:
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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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.
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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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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a bank offers 8.00% on savings accounts. what is the effective annual rate if interest is compounded semi-annually?
The effective annual rate if interest is compounded semi-annually is 8.16%. The effective annual rate is higher than the stated rate of 8.00% due to compounding. Compounding is when interest is earned from previously earned interest. It is like receiving interest on interest. This can be calculated as:
Semi annually = 8.00%/2 = 4.00%
Effective Annual Rate = (1 + 0.04)^2 - 1
Effective Annual Rate = 8.16%
For example, if you deposited $100 into a savings account with an 8.00% interest rate compounded semiannually, you would earn $4.00 in interest after the first six months. In the following six months, you would then earn interest not only on the original $100 deposit, but also on the $4.00 interest earned in the first six months. The effective annual rate of 8.16% takes this compounding into account and is the rate you would actually earn on your money over the course of a year.
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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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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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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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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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When it comes to setting one's own quality standards, one must ensure they are.
reviewed
written
measurable
profitable
When it comes to setting one's own quality standards one must ensure they are measurable
What are personal quality standards?a person's actions with their beliefs and objectives. Personal standards can also be used as a justification for rigidity, elitism, or mediocrity. Here are some illustrations of excellent personal standards.
Personal standards of excellence involve adopting a growth mentality, being open and truthful with everyone, maintaining a clear vision, putting in as many hours as necessary to reach a goal, among other behaviors.
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if fred's employer also provides him free housing abroad (cost of $16,050 next year), how much of the $16,050 is excludable from fred's income? assume that fred will be abroad for 305 days out of 365 days next year.
The amount that should be excludable from Fred's income should be $2,638.4.
Income is the money that an individual or group obtains in return for their services or goods. Based on the circumstances as taxation, financial accounting, or analysis may have a variety of definitions. For the majority of people, their total earnings encompass their pay rates, investment returns, pension payments, and other receipts. For businesses, income refers to the earnings generated from selling goods and services as well as any interest or dividends paid on the company's cash holdings and reserves. Although a macroeconomic metric of income is important for societal and policy research, folks tend to be more concerned with their own business and personal income.
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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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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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true or false: the marginal product of labor is increasing for the first 4 workers. after that point, the marginal product of labor is decreasing.
The given statement " the marginal product of labor is increasing for the first 4 workers. after that point, the marginal product of labor is decreasing." is true.
The marginal product of labor (MPL) is the increase in output that results from adding one more unit of labor to the production process. The MPL is a measure of the efficiency of labor and is used to determine the optimal level of labor utilization in a production process.
In the beginning, when only a few workers are employed, the MPL is high as the workers have a lot of room to use their skills and knowledge to produce more output. As more workers are added, the available resources (e.g. machines, materials) become increasingly constrained and the MPL begins to decrease.
This occurs because the workers are sharing the same resources and the benefits of specialization become limited, causing the MPL to decrease.
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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.
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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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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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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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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