Operations efficiency, superior supply chain management, and solid supplier relationships are the keys to operational excellence.
When a company implements and carries out its regular business operations better than its rivals in a given market or industry, it is said to be exhibiting operational excellence. It's a way of thinking that puts a greater emphasis on leadership, teamwork, and problem-solving techniques than competitors or alternatives do.
Businesses that concentrate on operational excellence strategies comprehend the benefits to their customers of consistency, simplicity, lesser errors, and faster turn-around, as well as how to address problems that hinder their operating model. Every job within the company is affected by this idea. Everyone at organizations with operational excellence performance knows how they can help the company achieve its objectives of lowering costs, raising volumes, automating tasks, and streamlining processes.
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When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in ________ marketing. multiple choice
When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in B2B marketing.
What is B2B marketing?
Business marketing is a form of marketing used by people or organisations. It enables users to sell goods or services to businesses or nonprofits that then resell them, incorporate them into their own goods or services, or use them to fund their endeavours. It is a means of advancing commerce and raising earnings as well. We've divided the many business customers in B2B marketplaces into four fundamental groups in order to provide you a better understanding of them: producers, resellers, governments, and institutions. It refers to any marketing tactic or piece of material used by one company to promote to and sell to another company. For instance, B2B marketing is frequently used by businesses that sell goods, services, or SaaS to other businesses or organisations.
Therefore,
When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in B2B marketing.
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According to passman, if you sell your song to a publisher, you can get it back 35 years later by merely sending a notice. this is called?
According to Passman, you can simply write a notice 35 years after selling your song to a publisher to obtain it back. This is called Termination Rights.
Any right of the tenant to void or terminate the lease or to demand a partial or complete eviction resulting from a violation or default by the landlord under the terms of the lease is referred to as a "Termination Right" (whether under the terms of the lease or under relevant legislation). Giving the Defaulting Party no more than 20 days' notice, the Non-Defaulting Party may designate a day as an early termination date (the "Early Termination Date") in respect of all pending Transactions between the Parties if, at any time, an Event of Default has happened and is ongoing. The pertinent Event of Default must be identified in this notice. The notice's effective date cannot be earlier than the early termination date.
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An integrated audit performed under the sarbanes-oxley act requires that auditors provide opinions on?
An integrated audit performed under the Sarbanes-Oxley Act requires that auditors provide opinions on financial statements and internal control.
An integrated audit tends to consider the relationship between financial and operational controls and also the information technology in establishing an effective and efficient internal control environment.
Since the Sarbanes-Oxley Act came into effect, management is thus responsible for maintaining, establishing, and reporting on an internal control structure, and here the auditors are required in order to assess the internal control structure.
Hence, the objective of an integrated audit is for the auditors to express an opinion on the company’s controls on financial reporting.
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To do a thorough environmental scan, a marketer must consider both current and potential ________ in designing a marketing strategy.
To do a thorough environmental scan, a marketer must consider both current and potential Competitors in designing a marketing strategy.
What is a Environmental scan?
Environmental scanning is the examination of outside sources to find elements that affect a firm. Finding and consulting sources outside of the company is the key objective. Despite the fact that these sources cannot be controlled from the standpoint of the business, it is crucial to take them into account when making decisions.SWOT analysis is one well-liked technique for scanning the environment. Strengths, Weaknesses, Opportunities, and Threats are each represented by a letter, and each should be examined. The company's internal factors make up the company's strengths and possibilities, while external variables make up the company's weaknesses and dangers.Companies want the environmental scans they invest time and resources in to produce the most thorough results possible.To know more about Environmental scan visit:
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The five-forces model helps to determine both the nature of competition in an industry and the profit potential for the industry. true/ false
It is true that the five-forces model helps to determine both the nature of competition in an industry and the profit potential for the industry.
What Are Porter's Five Forces? Porter's Five Forces provides a framework for analyzing a company's competitive environment.Porter's Five Forces are a useful framework for assessing the competitive forces that affect a range of business industries.Michael E. Porter, a professor at Harvard Business School, developed it in 1979, and it has since developed into a crucial management tool.These factors include possible new market entrants, suppliers, customers, and replacement items that affect a company's profitability. These forces can be both many and powerful.The examination of the Five Forces can be utilized to direct business strategy and boost competitive advantage.Porter's five forces are:
Competition in the industry.Potential for new competitors to enter the marketInfluence of suppliersInfluence of consumersReplacement product riskTo know more about Porter’s five forces, visit:
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We will have seen the emergence of enormous global markets for standardized consumer products. do you agree with this statement?
Companies are attempting to tailor their products to the needs of the customer due to the rise in consumer awareness brought on by the internet and social media. In order to comprehend consumer purchasing patterns and trends and build the products accordingly, they have been investing in data analytics. Customers also get emails and updates about product recommendations.
But gradually, the tendency has shifted toward standardization of customization, where businesses work to personalize the items but it will result in an uniformity where many buyers will want to purchase the same thing.
The availability of products that were formerly exclusive to a particular market or country has increased due to globalization and international trade. Businesses that adhere to the global standardization idea see the globe as a cohesive whole rather than as a mashup of numerous cultures with disparate preferences. With variations in the product's parameters, such as pricing, promotion, etc., the fundamental concept of the product and the marketing stay the same.
Companies are attempting to offer goods with the best specifications so that they can be accepted globally. With regard to the marketing mix, the optimal balance should be a high percentage of globalization and a small amount of localization.
What is globalization?The term "globalization" refers to the increasing interdependence of the economies, cultures, and populations throughout the world as a result of technology, cross-border trade in goods and services, and flows of capital, labor, and information. Over many years, nations have developed economic alliances to support these movements. However, the phrase became more common after the Cold War in the early 1990s because of how these cooperative arrangements influenced contemporary daily life. With a primary focus on the United States, this guide utilizes the phrase more specifically to refer to international commerce and some investment flows among advanced economies.
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Savvy sightseeing had beginning equity of $72,000; revenues of $90,000, expenses of $65,000, and dividends to stockholders of $9,000; there were no stock issuances. calculate the ending equity.
Ending Equity + Revenues - Expenses - Owner Withdrawals = Beginning Equity
Calculating Ending Equity is $72,000 + $90,000 - $65,000 - $9,000
ending equity of 88k
In finance, what does equity mean?
Equity is the value that would be given back to a company's shareholders if all of the company's assets were sold off and all of its debts were settled. Another way to conceive of equity is as the amount of ownership that remains in a company or asset after all associated debts have been paid off.
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What were costco operating and net profit margins in that year? how do they compare with its margins in the prior year?
A. The operating profit margin was 3.10% while the net profit margin was 2.40% in 2019. The former decreased while the latter increased with respect to those of the prior year.
What are the operating profit margin and net profit margin?The operating profit margin is the ratio of the operating profit to the net sales for the period.
The net profit margin is the net income ratio to the period's net sales.
Both operating profit margin and net profit margin are financial ratios used to indicate the profitability of the business, making it comparable to previous periods or other businesses.
Data and Calculations:2019 (Millions) 2018 (Millions)
Net Sales $149,351 $138,434
Operating Income 4,737 4,480
Net Income 3,659 3,134
Operating Income margin 3.17% 3.24%
Net Income margin 2.45% 2.26%
Operating Income margin = Operating Income/Net Sales x 100
Net Income margin = Net Income/Net Sales x 100
Thus, Option A is the best choice for Costco's operating profit and net profit margins for 2019.
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Question Completion with Answer Options:2019 (Millions) 2018 (Millions)
Net Sales $149,351 $138,434
Operating Income 4,737 4,480
Net Income 3,659 3,134
(Select the best choice below.)
O A. The operating profit margin was 3.10% while the net profit margin was 2.40%. The former decreased while the latter increased with respect to those of the prior year.
OB. The operating profit margin was 3.02% while the net profit margin was 2.12%. The former decreased while the latter increased with respect to those of the prior year.
OC. The operating profit margin was 3.16% while the net profit margin was 2.21%. The former decreased while the latter increased with respect to those of the prior year.
OD. The operating profit margin was 3.19% while the net profit margin was 2.08%. The former decreased while the latter increased with respect to those of the prior year.
The assets of a company total $714,000; the liabilities, $207,000. what are the net assets?
The Net assets in stockholders equity of the company are $507,000
How to Calculate Net Assets?Net assets are the value of a company's assets minus its liabilities. It is calculated as (Total Fixed Assets + Total Current Assets) – (Total Current Liabilities + Total Long Term Liabilities).Now,
Assets = Liabilities + Stockholders' Equity
$714,000 = $207,000 + Stockholders' Equity (or Claims of the Owners);
Stockholders' Equity = $507,000
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Classifying items on the balance sheet as current and noncurrent assists financial statement users in assessing what aspects about a company?
The classification of items on the balance sheet as current and noncurrent assists the financial statement users in assessing the solvency & liquidity a company.
What is a solvency & liquidity?A solvency means a firm ability to meet long-term debts and continue operating into the future while the liquidity means the firm ability to pay short-term bills and debts and a company's capability to sell assets quickly to raise cash.
Therefore, the classification of items on the balance sheet as current assets (such as inventory, debtors, cash, bank) and noncurrent (land, machinery, building etc) assists the financial statement users in assessing the solvency & liquidity a company.
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Molding and sanding each unit of product would most likely be classified as a ________ cost.
Molding and sanding each unit of the product would most likely be classified as a (B) unit-level cost.
What do we mean by unit-level cost?A unit cost is a total cost incurred by a business to produce, store, and sell one unit of a specific product or service. The cost of goods sold is synonymous with unit costs (COGS). This accounting metric includes all fixed and variable costs associated with the manufacture of a product or service. Every time service or a product is provided, unit-level activities take place. Unit-level activities include the costs of direct materials, direct labor, and machine maintenance. Molding and sanding each unit of the product, for example, would almost certainly be classified as a unit-level cost.Therefore, molding and sanding each unit of the product would most likely be classified as a (B) unit-level cost.
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The correct question is given below:
Molding and sanding each unit of the product would most likely be classified as a ________ cost.
(A) product-level
(B) unit-level
(C) batch-level
(D) facility-level
When individuals use all available information about an economic variable to make a decision, expectations are?
when individuals use all available information about an economic variable to make a decision, expectations are -rational
What is economic variable?
An economic variable is any measurement that helps to consider how an economy may function . for instance population, poverty rate, inflation, and available resources.
What are the five economic variables?
There are 5 common economic variable that are considered :
output, gross domestic product ( GDP ), production, income, and expenditures.
What factors cause economic growth?
Basically , there are two main cause of economic growth: growth in the size of the workforce and growth in the production activity (output per hour worked) of that workforce.
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__________ is managing upstream and downstream value-added flows of materials, final goods, and related information among suppliers, the company, resellers, and final consumers.
Supply Chain Management is the management of upstream and downstream value-added flows of materials, final goods, and related information among suppliers, company, resellers, and final consumers.
What is Supply Chain Management?Supply chain management is the process of managing the entire manufacturing flow of a good or service, from the procurement of raw materials to the delivery of the finished product to the client.
The process of organizing the numerous tasks required to produce and deliver goods and services to customers is known as supply chain management. A few examples of supply chain activities include designing, farming, manufacturing, packaging, and shipping.
The five elements of supply management are supply planning, production planning, inventory planning, capacity planning, and distribution planning.
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If the federal funds market is at equilibrium at point c and the federal reserve decides to conduct an open-market sale, then it must be trying to set a:______
Lower the market's reserve level to increase the target federal funds rate.
How Do Federal Funds Work?
Federal funds, often known as fed funds, are surplus reserves that commercial banks and other financial institutions deposit with regional Federal Reserve banks. These funds can subsequently be lent to other market participants who lack the necessary cash on hand to meet their lending and reserve needs. Since the majority of these loans are issued for the overnight period, they are unsecured and have a relatively low interest rate known as the federal funds rate or overnight rate.
Federal funds are extra reserves that financial institutions hold over and above the central bank's mandated reserve requirements.
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When a company makes an end-of-period adjusting entry that includes a debit to supplies expense, the credit is usually made to?
When a company makes an end-of-period adjusting entry that includes a debit to supplies expense, the credit is usually made to supplies.
Supplies are purchased and debited into an asset account until they are actually used. Once being used, they are converted to an expense.
Therefore, Supplies can be considered a current asset if their dollar value is significant.
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During june, buttrey corporation incurred $79,000 of direct labor costs and $19,000 of indirect labor costs. the journal entry to record the accrual of these wages would include a:_________
Answer: debit to work in Process of $79,000.
What is journal entry?A journal entry is used to record a business transaction in the company's accounting records. The main ledger is where journal entries are frequently made, however they can alternatively be created in a subsidiary ledger and then rolled forward into the general ledger after being summarized. After that, financial statements for the company are generated using the general ledger.
According to the logic underlying a journal entry, every business transaction should be documented in at least two locations (known as double entry accounting). For instance, the income account and the cash account are both boosted when you make a cash sale. Alternately, raising the accounts payable and inventory accounts results from making purchases on credit.
Explanation:
Cost of direct labor: $79,00 and
$19,000 is indirect labor costs
Work in process is debited and factory payroll is credited when direct labor costs are allocated to it.
Manufacturing overhead is deducted and factory payroll is credited when direct labor costs are attributed to work that is already in progress.
In order to record the accrual of Direct labor expenses, a journal entry would need to debit work in process by $79,000 and credit factory payroll by the same amount.
In order to record accrual of indirect labor costs, a journal entry would debit manufacturing overhead by $19,000 and credit factory payroll by the same amount.
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Please help
starbright industries which manufactures radiators has recently begun doing business in japan. its executives make a deal to export a shipment of a new type of radiator to japan once the product exits the production stage. the shipment will be worth one billion yen or approximately $9.4 million us dollars.
how does this situation show the difficulty that may be posed by implementing an international set of standards?
The situation shows why it is difficult to implement an international set of standards because different countries might have different standards they adhere to.
Why is it hard to implement an international set of standards?Countries have differing sets of standards based on the prevailing situations in their nations. When they produce goods and services, they will go by those standards. Those standards can sometimes also give them an advantage over other nations which is probably why Starbright Industries is able to sell radiators in Japan.
If an international set of standards is proposed, some nations might kick against it because they want to maintain their competitive edge. Other nations might not be able to afford to meet the new standards and so will protest as well.
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If the economy is operating at point c, the opportunity cost of producing an additional 15 units of bacon is.
If the economy is operating at point c, the opportunity cost of producing an additional 15 units of meat is 20 units of eggs.
Opportunity cost is a theory that arises from scarcity, as well as unlimited human needs and wants. Therefore, opportunity costs usually occur when humans are faced with two or more choices.
In addition, it is important to understand the concept of opportunity cost because there are several reasons as follows.
Sharpen decision-making skillsIt's wiser to accept the riskForming more positive thoughtsHelp plan a better futureExamples of Opportunity Costs in Daily Life
For example, a person only has 15 dollars. However, he was faced with a choice, namely, to buy fried chicken rice or a boba drink. He can only choose one of the two menus because the money he has is limited. In the end, he chose to buy a boba drink, so he missed the opportunity to eat fried chicken rice.
The picture above is the concept of applying opportunity cost in everyday life. Essentially, any of these opportunity costs must be profitable.
When viewed in terms of cost, the choice of the lowest load or the lowest cost will be an alternative cost. Meanwhile, when viewed in terms of production, choose which sector is able to produce more products than others.
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Exchange rates, interest rates, and inflation are all considered part of the _________ environment.
Exchange rates, inflation, and interest rates are all considered part of the economic environment.
The economic environment is referred to as the macro-economic factors, which includes, economic growth, national income, and inflation, which thus affect patterns of consumer and business spending. Thus, companies sell products at lower prices and so they are able to attract larger number of customers.
When considering the rise and fall of the economy in general, within certain industries, or maybe in the specific parts of the world, this rise and fall of economy has a big impact on what customers tend to buy.
Hence, the economic environment is considered important because of the rapid integration of international economic markets.
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The concept of _______________________ helps public relations people in communicating from the standpoint of their client's values while interpreting their publics' cultures back to the client.
The concept of cultural convergence helps public relations people in communicating from the standpoint of their client's values while interpreting their publics' cultures back to the client.
This is further explained below.
What is cultural convergence?Generally, The idea of cultural convergence assists those who work in public relations in speaking from the perspective of the values of their client while simultaneously translating the cultures of their public back to the client.
In conclusion, The concept of convergence culture is a philosophy that acknowledges the shifting nature of our connections and experiences in relation to new forms of media.
Academics in the field of media generally agree that Henry Jenkins, with his book "Convergence Culture: where old and new media mix," is the "father" of the term "convergence culture."
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the general manager of a major league baseball team reasons that hiring an all-star-caliber third baseman would allow the team to win
According to the marginal productivity theory, the price of each production factor will be equal to its marginal productivity in a market with perfect competition. The industry establishes the factor's price. The quantity of a certain factor that the firm uses when the price is equal to its marginal productivity
Because it is inefficient to pay employees, a company that seeks to maximize profits would hire people up until the point where the marginal revenue product and the wage rate are equal.
According to their ability to produce, workers should be paid a certain amount, according to the marginal productivity theory.
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Demand curves slope ____ because as the price increases and other things remain the same, the quantity demanded ____.
Demand curves slope downwards because as the price generally and actually increases and other things remain the same, the quantity demanded decreases.
What is a Demand Curve?The demand curve is a graphical portrayal of the connection between the cost of a decent or administration and the amount demanded for a given timeframe.
The demand curve will move descending from the left to the right, which communicates the law of demand as the cost of a given ware builds, the amount demanded diminishes, all else being equivalent. How much rising cost converts into falling demand is called demand versatility or value flexibility of demand.
Therefore Different elements can move the demand curve too, like an adjustment of buyers' inclinations.
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Using the collective power of a community to identify and classify content significantly ________ content categorization costs.
Using the collective power of a community to identify and classify content significantly lower content categorization costs.
What does a community's collective power entail?The two types of power highlighted by social scientists—collective power and distributive power—are included in Russell's concept. It is the combination of organization, cooperation, morale, and technology that enables one group or nation to thrive and succeed while another one falters.
Collective power is the ability of a group to fulfill its collective goals. It is a crucial sort of power, yet it is rarely discussed and frequently taken for granted. It is what enables the existence of distributive power since, without the group's ability to work together and produce, there would be nothing to fight over.
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One goal of low-cost programs aimed at improving the health of older people is to?
The objective of low-cost programs designed to improve the health of seniors is to address the issue that many seniors lack understanding of their own chronic health issues.
An important risk factor for functional impairment in older persons is the presence of many chronic conditions, commonly known as comorbidities or multi-morbidities. Functional impairment is the inability to carry out regular domestic tasks and chores or to participate in activities outside the home without interference. Many older persons experience an increasing number of complex health problems as they age, which negatively impact their ability to function on a day-to-day basis and their general quality of life. The prevalence of memory problems adds to these worries for some individuals and groups of older folks.
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Since optimization is used to analyze people's choices and help them improve the outcomes of their choices, its:_____
Since optimization is used to analyze people's choices and help them improve the outcomes of their choices, its both normative and positive.
What is optimization?
Making a trading system more efficient through optimization entails changing the technical analysis variables. By lowering specific transaction costs or risks or by focusing on assets with higher expected returns, a trading system can be made more efficient.
The process of refining a portfolio, algorithm, or trading system in order to minimize costs or boost efficiency is known as optimization.
Reduced risks, higher predicted returns, or a change in rebalancing frequency can all be used to improve portfolios.
Optimization is a continuous and ongoing activity because markets and rules change frequently.
To adapt to shifting market conditions and lower the likelihood of programming errors, trading algorithms require ongoing optimization.
There is a risk of over-optimization because maximizing one component can entail minimizing other others.
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2. List FIVE different presentation methods that are now available to presenters and explain
how they are making presenting more interactive?
FIVE different presentation methods are now available to presenters.
A number of the exceptional presentation strategies, the primary ones are formal and formal. Their distinction is specifically in the fashion of your shipping and the information presentation methods. The formal presentation is pleasant desirable for the enterprise meetings or university degree, scientific displays.
Informative shows.Instructive presentations.Persuasive shows.Motivational displays.progress presentations.if speakme to presentation slides, keep away from cluttering them with a lot records that no person will read them. encompass the simplest key points on the slides and intersperse images in the course of your presentation to create a hobby and connect with your target audience's senses.
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Zweig company's adjusting entries include a debit to accounts receivable and a credit to service revenue. this means that zweig:_______
This means that Zweig provided services for which it did not yet receive payment. If Zweig recorded service revenue as a debit, it meant that Zweig had been paid for the already-performed service.
Adjusting entries are modifications to previously written entries in your journal. Journal entries record the inflow and outflow of funds into and out of the various accounts in your business. Making an adjustment entry ensures that the operations of your company are accurately and timely recorded. Your records will show you paying for expenses before they are actually incurred or collecting unearned earnings before you can use the money if you don't make adjustment entries.
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Educational level, living conditions, and economic status are part of the ______ assessment.
Educational level, living conditions, and economic status are part of the environmental assessment .
What do you mean by environmental assessment?
Environmental Impact Assessment (EIA) is a tool used to assess the significant effects of a project or development proposal on the environment. EIAs make sure that project decision makers think about the likely effects on the environment at the earliest possible time and aim to avoid, reduce or offset those effects
Why do we need Environmental Assessment?
i) To disclose significant environmental effects of proposed projects to decision-makers and the public. ii) To identify ways to avoid or reduce environmental damage. iii) To prevent adverse environmental impacts by requiring implementation of feasible alternatives or mitigation measures.
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The cost to lay off an employee is what percent of the hiring cost for that level?
The cost to lay off an employee is what percent of the hiring cost for that level is 30-50 percent.
What is the cost of hiring?Finding the ideal employee can be expensive in and of itself. Business consultant Bill Bliss, president of Bliss & Associates Inc., claims that the hiring process alone might have a number of high potential expenses.
These include the time spent advertising the position, the time spent by an internal recruiter, the time spent by the recruiter's assistant reviewing resumes and carrying out other tasks related to recruitment, the time spent by the person conducting the interviews, the time spent on drug tests and background checks, and the cost of various pre-employment assessment tests. Even a $8/hour employee might wind up costing a business $3,500 in turnover expenses, both direct and indirect. Not every new hiring will require the same procedure.
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A _____ is conducted by marketing researchers to provide background information on other organizations that may have faced similar problems.
Marketing researchers perform a review of the literature to provide context for other firms that could have encountered related issues.
A marketing researcher is what?
Analysis of data from marketing reports and recommendation-making based on that analysis are the duties of a marketing researcher, also known as a marketing research analyst. Their suggestions assist the marketing staff in project planning and helping to keep the company's consumer base constant.
Numerous marketing researchers also contribute to the creation and execution of marketing content strategies and data analysis of the business, its goods or services, and client purchasing patterns. Being knowledgeable about current marketing trends in one's business and remaining current with new marketing technologies are essential components of every marketing researcher's job.
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