6-2 journal: communication practices and project management tools
In this final journal assignment, you will think about the importance of communication on an agile team and how good communication practices support work on a development project. Now that you have taken on each role within the Scrum Team, use the following questions to guide your last assignment concerning agile communication practices and project-management tools.
Which communication practice (such as information radiator, Scrum events, and so on) do you think would be most effective in creating openness and transparency within a Scrum Team? Why?
What is an example of a communication practice from this course that helped your team complete their work? Consider an example from the SNHU Travel assignments or from the group discussions.
What is one way that an agile project-management tool (such as JIRA, Azure Boards, or RTC) can help coordinate and increase efficiency within the team? Be sure to consider a tool and not a Scrum event.
Answers
The most effective communication practice in creating openness and transparency within a Scrum Team is the use of information radiators.
This method helps visually display project progress and promotes collaboration among team members.
Information radiators, such as task boards or burn-down charts, provide real-time updates and enable team members to easily identify and address any issues or roadblocks.
In the SNHU Travel assignment, for example, the use of an information radiator allowed the team to track their progress and identify areas requiring more attention, facilitating successful project completion.
An agile project-management tool, such as JIRA or Azure Boards, can help coordinate and increase efficiency within the team by offering a centralized platform for tracking tasks, assigning responsibilities, and monitoring progress.
These tools simplify communication, foster collaboration, and streamline workflows, ultimately enhancing overall team performance.
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Related Questions
Brainliest and 50 points!!!
Why would an employer ask about an applicant’s honors, awards, and activities?
Respond in 3-4 well written sentences:
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Answer:
Explanation:
To show that you have special skills and what your areas of expertise are.
Answer:
There are multiple reasons employers would want to know about honors, awards, and activities. The first reason is to see if you are hard-working or not, if you have many awards and whatnot, employers will see that you have a good drive to get things done, clubs and activity you’ve participated in shows that you’re a team worker. It can also show your areas of expertise and can show your special skills and abilities.
Explanation:
I took the last part from the other answer but I do flvs career research and this was correct for me
Culinary Solutions Inc. manufactures cooking and baking equipment and has its base in the country of Vandevar. It has approximately 300 stores across the country and is already active in three foreign countries. It attempts to establish itself in the country of Balalaika, and uses its low-cost strategy to do so. However, due to the additional costs associated with training, coordinating across geographic distances, and other costs associated with doing business in an unfamiliar cultural and economic environment, Culinary Solutions Inc. incurs huge financial losses in Balalaika. In this scenario, Culinary Solutions Inc.'s failure to establish itself successfully in Balalaika occurs most likely because
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there are three kinds of ____ plans. they are single-use plans, standing plans, and budgets.
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The three kinds of plans you are referring to are single-use plans, standing plans, and budgets. Single-use plans are developed for a specific, one-time purpose and are not meant to be repeated. Examples of single-use plans include project plans, event plans, and sales promotion plans.
Standing plans, on the other hand, are developed for ongoing activities that occur repeatedly over time. These plans are meant to be used over and over again, and are typically used to guide day-to-day operations. Examples of standing plans include policies, procedures, and rules.
Finally, budgets are a type of plan that outlines financial goals and priorities for a specific period of time, typically one year. Budgets are often used by organizations to allocate resources and ensure that they are spending money in the most efficient and effective way possible. Budgets can be used for a variety of purposes, including managing expenses, forecasting revenue, and setting financial goals.
In conclusion, there are three types of plans that organizations can use to guide their activities: single-use plans, standing plans, and budgets. Each type of plan serves a specific purpose, and understanding the differences between them can help organizations to be more effective in their planning and decision-making processes.
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Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Answers
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
What are the company’s assets if the liabilities are $10,000 and the owner’s equity is $20,000?
$40,000
$2,000
$30,000
$10,000
Answers
Answer:
$30,000
hope this helps! good luck!
$10,000 is your answer
What does it mean when the irs acknowledges your return?.
Answers
Answer:
When you receive confirmation that the IRS accepted your return, it means that they have reviewed your return, and it has passed their initial inspection. They verify your personal information and other basic items, like if your dependents have already been claimed by someone else.
Explanation:
37.which action involves normalizing acceptance of the project deliverables and during this phase the key project stakeholders, such as the customer and sponsor for the project, inspect and then formally accept the deliverables?
Answers
Verifying scope involves normalizing acceptance of the project deliverables and during this phase, the key project stakeholders, such as the customer and sponsor for the project, inspect and then formally accept the deliverables.
What is Verifying scope?The project deliverables must be formally accepted before the scope may be verified. During this phase, important project stakeholders, including the client and project sponsor, inspect and formally accept the deliverables.The project deliverables must be formally accepted before the scope may be verified. During this phase, important project stakeholders, including the client and project sponsor, inspect and formally accept the deliverables.Scope verification includes checking the effectiveness of a software module that has been installed.An inspection by the customer followed by approval of the main deliverables is frequently used to validate the scope. The project team must create detailed documentation of the project's products and procedures to assess if they were performed correctly or sufficiently in order to get formal acceptance of the project scope.Therefore, verifying scope involves normalizing acceptance of the project deliverables and during this phase, the key project stakeholders, such as the customer and sponsor for the project, inspect and then formally accept the deliverables.
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Trinity Ltd. wants to obtain debt financing to fund its expansion. What are the different sources from which it can raise this fund?
A. common stock and commercial banks
B. common stock and insurance companies
C. stock brokerage firms and insurance companies
D. preferred stock and stock brokerage firms
Answers
Answer:
The correct answer is C.) Stock Brokerage Firms and Insurance Companies
Explanation:
Hope this helps :)
to achieve a positive margin in a business process using differentiation strategy, which major factor should be true?
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To achieve a positive margin in a business process using differentiation strategy, the major factor that should be true is that the customers perceive the value of the product or service to be higher than the cost.
Differentiation strategy is a business approach that aims to create a unique and superior product or service that stands out from competitors in the market. This unique product or service is valued highly by customers, which enables the business to charge a premium price, leading to higher profit margins.
In order to create a differentiated product or service that is highly valued by customers, a business must conduct extensive research to identify the unique needs and preferences of its target market.
This research should inform the design, features, and benefits of the product or service to ensure it meets the customers' needs in a way that competitors cannot match.
Once the differentiated product or service is developed, it is important to market it effectively to highlight its unique features and benefits. This will help to build a strong brand image and customer loyalty, which can further support the premium pricing strategy and positive margins.
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everyone here is a pleb
Answers
Step by step explanation:
Answer:
no no no no no no no no no no no
For this question below, please note that you will use a different policy tool to fix the economy in each of the parts (b), (c) and (d). Here is the question below. There are 4 parts. Show all your calculations!
The country has a total population of 79 million. The labour force in the country amounts to 47 million people.
The current unemployment rate is 3.95%. The natural rate of unemployment is 4.2%.
The marginal propensity to consume is 0.75.
The current reserve ratio, which is applicable to all banks, is 6%. All banks tend to hold excess reserves of 3%.
The current GDP deflator is 117.
The current level of the consumer price index is 109.
The intercept of the consumption function is 5200.
The level of government expenditure is 6000.
Potential GDP is at 43,000.
Fixed taxes are at 3000.
The economy is a closed economy.
The level of investment is 2500.
Transfer payments are at 3000.
(a) Using your macroeconomic knowledge, calculate the GDP gap in this economy and identify whether the economy is in a recessionary or inflationary gap.
(b) Now fix the economy using government expenditure as your policy tool.
(c) Now fix the economy using fixed taxes as your policy tool.
(d) Now fix the economy using monet
Answers
(a) The GDP gap is 43,000 - Current GDP, and it indicates whether the economy is in a recessionary or inflationary gap.
(b) The required change in government expenditure is the GDP gap divided by the expenditure multiplier.
(c) The required change in fixed taxes is the GDP gap divided by the tax multiplier.
(d) The required change in reserves is the excess reserves ratio multiplied by the change in deposits, where the change in deposits is the GDP gap divided by the money multiplier.
(a) The GDP gap can be calculated by subtracting the potential GDP from the current GDP. The GDP gap in this economy is (Current GDP - Potential GDP) = (43,000 - Current GDP). If the result is positive, it indicates an inflationary gap, and if it is negative, it indicates a recessionary gap.
(b) To fix the economy using government expenditure as a policy tool, we can calculate the required change in government expenditure by using the expenditure multiplier. The expenditure multiplier is calculated as 1 / (1 - Marginal Propensity to Consume). The required change in government expenditure is equal to the GDP gap divided by the expenditure multiplier.
(c) To fix the economy using fixed taxes as a policy tool, we can calculate the required change in fixed taxes by using the tax multiplier. The tax multiplier is calculated as - Marginal Propensity to Consume / (1 - Marginal Propensity to Consume). The required change in fixed taxes is equal to the GDP gap divided by the tax multiplier.
(d) To fix the economy using monetary policy, we can adjust the reserve ratio. The required change in reserves is equal to the excess reserves ratio multiplied by the change in deposits. The change in deposits can be calculated by dividing the required change in GDP by the money multiplier, which is calculated as 1 / (reserve ratio + excess reserves ratio).
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How willing a person is to take chances and her decision process indicate a persons what?
Answers
The willingness of a person to take chances and their decision-making process can indicate a person's risk tolerance. Risk tolerance refers to the degree of uncertainty or potential loss an individual is willing to withstand in their investment or decision-making activities. People with high-risk tolerance are more likely to take risks, even if the outcome is uncertain, while those with low-risk tolerance are more cautious and prefer to avoid taking chances.
Factors that can influence a person's risk tolerance include their personality traits, past experiences, cultural background, and personal goals. For example, someone who is naturally more adventurous and enjoys taking risks may have a higher risk tolerance than someone who is more risk-averse. Additionally, a person's past experiences with successful or unsuccessful risk-taking can also impact their willingness to take chances in the future.
Overall, a person's risk tolerance and decision-making process are important factors to consider when evaluating their approach to risk-taking and decision-making.
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Businesses offer many of the marketing functions, and consumers usually take part in _____ when they make purchases.
- at least five
- one or more
- all
- one
Answers
Answer:
one or more
Explanation:
Businesses offer many marketing functions, and consumers usually take part in one or more when they make purchases. The correct option is B.
What is the role of marketing to consumers?Marketing's goals are to interact with customers, provide information, and add value to their lives. Discovering what their customers want and need, then meeting those needs through the products and services they provide, is how businesses decide how to best market to consumers.
The aspect of marketing that is most widely recognized is promotion. The majority of audiences would be familiar with the traditional and digital marketing strategies included. Activities aimed at interacting with consumers, educating them about the company and its offerings, and persuading them to make purchases are referred to as promotional activities.
Thus, the ideal selection is option B.
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Given the ethical lapses prevalent today, how can we restore trust in the free-market system and in leaders in general?.
Answers
To restore trust in the free market system and the government in general what has to be done is to
make transparent laws.punish the people that are wrong doers.What is a free market system?This is the type of market that has voluntary exchange of goods and also services. In this type of market, demand and supply is the most important.
A great characteristics of the market system is that there is no form of government intervention here:
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Both employer and employee are responsible for paying a set percentage of the employee's earnings. What is the name of this payroll tax? Select one: a. Federal Insurance Contributions Act withholdings b. Family Medical Leave Act withholdings c. Employee Retirement Income Security Act withholdings d. Consolidated Omnibus Budget Reconciliation Act withholdings
Answers
The payroll tax that is responsible for the employer and employee paying a set percentage of the employee's earnings is known as "Federal Insurance Contributions Act withholdings". Option A is the answer.
The Federal Insurance Contributions Act (FICA) is a payroll tax levied on both workers and employers in the United States to fund Social Security and Medicare programs. The amount of FICA tax withheld from an employee's paycheck is determined by the employee's income and the current FICA tax rate.
The employer and employee each contribute half of the total FICA tax, which is a set percentage of the employee's gross earnings.The Federal Insurance Contributions Act withholdings option (a) is the correct answer to the given question.
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In developing a master budget for a manufacturing company, which one of the following items should be done first?
a) development of a sales budget.
b) development of the capital budget.
c) determination of manufacturing capacity.
d) determination of the advertising budget.
e) preparation of a pro forma income statement.
Answers
In developing a master budget for a manufacturing company, the first item that should be done is the development of a sales budget (option a).
The sales budget serves as a foundation for the entire master budget. It outlines the expected sales revenue and sets the basis for determining other components of the budget such as production levels, resource allocation, and financial planning. By estimating the sales volume and revenue projections, the company can make informed decisions regarding production capacity, inventory levels, and expense allocations.
Once the sales budget is established, it provides valuable information for subsequent budgeting activities. For example, based on the sales projections, the company can determine the manufacturing capacity required to meet the anticipated demand (option c). This, in turn, influences decisions related to resource allocation, production planning, and inventory management.
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A record company went out of business because too many of its customers downloaded its music illegally from the internet rather than purchasing the digital copy from the record company. This instance serves as an example of:
A. market power.
B. inefficient trade.
C. the invisible hand at work.
D. inadequate enforcement of property rights.
Answers
The instance described, where a record company went out of business due to customers downloading its music illegally from the internet, serves as an example of **D. inadequate enforcement of property rights.**
In this scenario, the record company's inability to protect its intellectual property rights, specifically the rights to its music, led to significant losses in revenue. The customers choosing to download the music illegally instead of purchasing it demonstrates a lack of respect for the company's property rights. The insufficient enforcement of laws and regulations surrounding intellectual property rights, such as copyright infringement, allowed this behavior to persist and ultimately contributed to the downfall of the record company. Adequate enforcement of property rights is crucial for protecting the interests of businesses and incentivizing innovation and creativity.
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Which are guidelines for using Themes?
Check all that apply.
A. Using different cell styles can help you differentiate different types of data.
B. Fonts should be easily readable and of appropriate size.
C. You cannot customize the default themes.
D. Be consistent with themes across worksheets and workbooks.
E. Applying a new theme will only change cells in a workbook that have no other formatting applied.
Answers
Answer:
I think it's D. or A. or B. but I mostly think it's D. Be consistent with themes across worksheets and workbooks
Statements that explains the guidelines when using a Theme are: A. Using different cell styles can help you differentiate different types of data.
B. Fonts should be easily readable and of appropriate size.
C. You cannot customize the default themes.
WordPress theme can be regarded as a group of files, these file can contains graphics, style sheets as well as code, which will give overall appearance of a blog or website.In using this, we can follow some guidelines such as; making use of more than a cell can help in differentiatiation of different types of data, default themes cannot be customized, and the selection of fonts should be made carefully.Therefore, option, ABC are correct.
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Q2. Define political behavior. Why is politics a fact of life in organizations?
Answers
Human conduct that involves politics and power is known as political behavior. Karl Deutsch and Theodor Adorno are two theorists who have influenced this area.
Because organizations are made up of diverse interests that need to be coordinated, politics are an aspect of organizational life. In fact, 93% of managers who responded to the survey said that there are politics at work, and 70% of them said that playing the system was necessary for success. That someone is "political" in a negative context typically conjures up notions of underhanded dealing, manipulation, or secret objectives for personal advantage. One who exhibits these kinds of political actions is deemed to be acting selfishly and against the organization's rules.
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Monk Consortram Corp. (Monk-Con) currently has $575,000 in total assets and sales of $1,820,000. Half of Monk-Con's total assets come from net foxed assets, and the rest are aurrent assets. The firm expects sales to grow by 22% in the next year. According to the AFN equation, the amount of additional assets required to support this level of sales is $ Monk-Con was using its foxed assets at only 93% of capaoty last year. How much sales could the firm have supported last year with its current level of fixed assets? $1,565,591 $2,348,387 $1,956,989 51,859,140 When you consider that Monk-Con's fixed assets were being underused, its target foxed assets to sales ratio should be % \%. When you consider that Monk-Conis fixed assets were being underused, how much foxed assets must Monk-Con raise to support its expected sales for next year? 346,438 335,698 $36,763 $30,956
Answers
1. T he amount of additional assets required to support the next year's sales growth for Monk-Con is approximately $215,040.
2. Monk-Con could have supported sales of approximately $152,468.70 last year with its current level of fixed assets.
According to the AFN (Additional Funds Needed) equation, the amount of additional assets required to support the next year's sales growth can be calculated as follows:
AFN = (Sales increase - Increase in spontaneous liabilities) * (Asset to sales ratio)
Given:
Sales = $1,820,000
Sales growth = 22%
Total assets = $575,000
Fixed assets to total assets ratio = 50% (or 0.5)
Fixed assets utilization = 93% (or 0.93)
Calculate the increase in sales:
Increase in sales = Sales * Sales growth
Increase in sales = $1,820,000 * 0.22
Increase in sales = $400,400
Calculate the increase in spontaneous liabilities:
Increase in spontaneous liabilities = Increase in sales * (Spontaneous liabilities to sales ratio)
Since the spontaneous liabilities ratio is not provided in the given information, we cannot calculate this value.
Calculate the asset to sales ratio:
Asset to sales ratio = Fixed assets to total assets ratio / Fixed assets utilization
Asset to sales ratio = 0.5 / 0.93
Asset to sales ratio ≈ 0.5376
Calculate the additional assets required (AFN):
AFN = Increase in sales * Asset to sales ratio
AFN = $400,400 * 0.5376
AFN ≈ $215,040
Therefore, the amount of additional assets required to support the next year's sales growth for Monk-Con is approximately $215,040.
Regarding the underuse of fixed assets, we can calculate the sales that Monk-Con could have supported last year with its current level of fixed assets using the formula:
Supported sales = Fixed assets * Asset to sales ratio * Fixed assets utilization
Fixed assets = Total assets * Fixed assets to total assets ratio
Fixed assets = $575,000 * 0.5
Fixed assets = $287,500
Supported sales = $287,500 * 0.5376 * 0.93
Supported sales ≈ $152,468.70
Therefore, Monk-Con could have supported sales of approximately $152,468.70 last year with its current level of fixed assets.
The target fixed assets to sales ratio, considering the underuse of fixed assets, should be higher to fully utilize the assets and support the expected sales growth. The exact target ratio is not provided in the given information.
The amount of fixed assets Monk-Con must raise to support its expected sales for next year is not provided in the given information.
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When the parties to a contract have not expressly negotiated particular terms to a contract. Article 2 of the UCC will:
Answers
When parties to a contract have not expressly negotiated particular terms, Article 2 of the Uniform Commercial Code comes into play. This legal framework governs transactions involving the sale of goods and aims to facilitate commerce by providing rules for such transactions.
In situations where specific terms are not negotiated, Article 2 fills in the gaps by implying certain default provisions. These provisions help ensure that the contract is still enforceable and clear, even without expressly negotiated terms. Some key default provisions under Article 2 include the following:
1. Price: If the parties have not agreed on a price, the UCC sets the price as a reasonable one at the time of delivery (Section 2-305).
2. Delivery: In the absence of specified delivery terms, the UCC requires that the goods be delivered at the seller's place of business or residence (Section 2-308).
3. Time for performance: If the contract does not specify a time for performance, the UCC implies that performance should occur within a reasonable time (Section 2-309).
4. Warranty: Article 2 implies certain warranties in contracts for the sale of goods, such as the warranty of merchantability and the warranty of fitness for a particular purpose, unless the parties agree otherwise (Sections 2-314 and 2-315).
Overall, Article 2 of the UCC helps provide clarity and legal enforceability in contracts for the sale of goods where specific terms have not been negotiated. By implying default provisions, it ensures that such contracts remain functional and adhere to standardized rules, promoting efficient and fair business practices.
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when CEO robert nardell took over home depot in 2000, there was central control. store managers acted independently and costs were higher than competitors like lowes. nardell changed the culture to focus on central control and cutting costs. to control costs, store managers were not allowed to choose products for local customers. employees os their customer-focused attitudes, and customer service suffered. to repair this , the next CEO, frank blake , sought to restore the "orange apron" culture. what does this example best illustrate?
Answers
Answer:
corporate culture is chosen by senior management in middle managers and employees have little control over it
Explanation:
I believe this is the answer because based off what it said the employees and managers were not allowed to choose products
please help me!!! I literally have no clue what it is
Answers
Answer:
Critical Thinking,Mathematics, and Operation and Control.
Explanation:
T/F? Fundamentalists typically use the "Bottom-Up Approach" whereas technicians use the "Top-Down Approach" to the valuation process.
Answers
The given statement “Fundamentalists typically use the "Bottom-Up Approach" whereas technicians use the "Top-Down Approach" to the valuation process is false because These approaches are used in financial analysis and valuation by various types of investors, analysts, and professionals.
The bottom-up approach, also known as the micro approach, involves analyzing individual securities or assets in isolation, focusing on their specific characteristics, financial statements, and performance metrics.
This approach is commonly associated with fundamental analysis, where investors assess the intrinsic value of individual stocks or bonds based on factors such as earnings, cash flows, and growth prospects.
On the other hand, the top-down approach, also known as the macro approach, involves analyzing broader economic, industry, and market trends before making investment decisions. This approach is commonly associated with technical analysis, where investors use charts, patterns, and historical price data to identify trends and make trading decisions.
It's crucial to remember that analysts and investors, regardless of their investment style or philosophy, can apply both fundamental and technical analysis. Depending on the investing horizon, objectives, and other considerations, some investors may combine the two approaches or alternate between them. It would be wrong to assume that only fundamentalists or technicians adopt these strategies.
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A. Donald E. Petersen, chairman of the board of Ford Motor
Company, remarked, "If we aren't customer-driven, our cars won’t be
either." Explain how this statement may reflect the importance of
u
Answers
Being customer-driven is crucial for business success as it involves prioritizing customer needs, fostering strong relationships, staying competitive, and driving innovation.
How does being customer-driven impact business success?The statement by A. Donald E. Petersen highlights the significance of being customer-driven for the success of a company, specifically in the automotive industry. This statement reflects the importance of adopting a customer-centric approach in business operations and decision-making.
By prioritizing customer needs, preferences, and expectations, a company can better align its products, services, and strategies to meet market demands. Being customer-driven means understanding and anticipating customer requirements, delivering superior value, and consistently exceeding customer satisfaction. It involves tailoring products and services to address specific customer pain points and providing exceptional customer experiences.
Customer-centricity is vital for several reasons. Firstly, it allows companies to build strong customer relationships, enhance customer loyalty, and foster repeat business. Satisfied customers are more likely to become brand advocates, positively impacting brand reputation and generating positive word-of-mouth referrals.
Secondly, a customer-driven approach enables companies to stay competitive in a rapidly evolving market. By continuously monitoring customer feedback, analyzing market trends, and adapting to changing customer preferences, businesses can stay ahead of the curve and proactively meet customer demands.
Additionally, customer-centricity drives innovation. By closely understanding customer needs, businesses can identify new opportunities, develop innovative solutions, and introduce products or services that resonate with the target market.
In summary, the statement by A. Donald E. Petersen emphasizes the importance of being customer-driven in business. It underscores the need to prioritize customer satisfaction, align products and services with customer expectations, and foster long-term customer relationships. By embracing customer-centricity, companies can enhance their competitiveness, drive innovation, and ultimately achieve sustained business success.
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10)
How might a mission statement help Donna with her new
business?
Answers
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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describe how net profit of a business is calculated?
Answers
Answer:
u must work out the total cost and variable cost and add them up, then you must count all your sales and figure out ur revenue. then u do ur total revenue minus ur total costs
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The formula to calculate profit is: Total Revenue - Total Expenses = Profit. Profit is determined by subtracting direct and indirect costs from all sales earned. Direct costs can include purchases like materials and staff wages. Indirect costs are also called overhead costs, like rent and utilities.
For businesses, profit is often calculated by profit margin formula:follow me nice business
The determinants that directly affect economic growth can be grouped into which the following categories?A. demandB. supplyC. efficiency
Answers
The determinants that directly affect economic growth can be grouped into the following categories: demand, supply, and efficiency.
What are determinants?Determinants are factors that directly influence the demand and supply of goods or services. They are regarded as the underlying forces that push the market towards equilibrium. In the economic environment, several determinants affect economic growth.
These determinants can be grouped into three categories:
1. Demand Determinants of demand are factors that influence how much of a product or service people are willing to purchase. Factors such as income, consumer confidence, population growth, consumer tastes and preferences, and substitute goods are all important in determining demand for a good or service.
2. Supply-side determinants include factors that influence how much of a product or service producers are willing to sell. For example, costs of production, technology, and government regulations are all factors that can impact a supplier's decision to sell a particular good or service.
3. Efficiency determinants include factors that affect how efficiently the market operates. These factors include institutional structures, economic policies, property rights, and legal systems.
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1. Give one example of professional behavior in a salon and how a cosmetologist could
demonstrate it."
Answers
Answer:
Appropriate language, a cosmetologist can demonstrate this by always speaking in a tone and at a volume that is appropriate for the setting, and never using foul language no matter what.
b) José Luis trabajo 7 meses del año. ¿Qué porcentaje del año trabajo?
c) Lucero presentó un examen en el que 35 preguntas fueron correctas y 5 incorrectas. ¿Qué porcentaje de las preguntas contesto correctamente y qué porcentaje fue incorrecto?
d) El costo de una camisa es $400 y tiene un descuento del 20%. ¿Cuál es el precio de la camisa con el descuento?
Answers
Answer:
B) 58.3%.
C) 87.5% y 12.5%.
D) $320.
Explanation:
B) Dado que José Luis trabajó 7 meses del año, para determinar qué porcentaje del año trabajó se debe realizar el siguiente cálculo:
12 = 100
7 = X
7 x 100 / 12 = X
700 / 12 = X
58.3 = X
Por lo tanto, José Luis trabajó 58.3% del año.
C) Dado que Lucero presentó un examen en el que 35 preguntas fueron correctas y 5 incorrectas, para qué porcentaje de las preguntas contesto correctamente y qué porcentaje fue incorrecto se debe realizar el siguiente cálculo:
40 = 100
35 = X
35 x 100 / 40 = X
3500 / 40 = X
87.50 = X
Por lo tanto, Lucero contesto un 87.5% de preguntas correctamente, y un 12.5% incorrectamente.
D) Dado que el costo de una camisa es $400 y tiene un descuento del 20%, para determinar cuál es el precio de la camisa con el descuento se debe realizar el siguiente cálculo:
1 - 0.2 = 0.8
400 x 0.8 = 320
Por lo tanto, el costo de la camisa fue $320.