If the market price for fast food wages is $7 per hour, at $15 would a price floor be binding. The market price is the price at which a good or service can currently be purchased or sold. The forces of supply and demand decide how much an asset or service will cost on the market.
The market price is the cost at which supply and demand are equal. To determine consumer and economic surplus, one uses the market price. The term "consumer surplus" describes the discrepancy between the maximum price a consumer is prepared to pay and the actual amount they pay, often known as the "market price," for an item.
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What is an information system for identifying and planning the enterprise-wide resources needed to take, make, ship, and account for customer orders? part 2 a. eis b. erp c. scm d. mrp
ERP is an information system for identifying and planning the enterprise-wide resources needed to take, make, ship, and account for customer orders.
About ERP :
An ERP is an application that automates business processes, and provides insights and internal controls, drawing on a central database that collects inputs from departments including accounting, manufacturing, supply chain management, sales, marketing and human resources (HR).
Every business must complete work that requires numerous stakeholders with various responsibilities. But that’s a struggle when the information needed to execute processes and make key decisions is spread across disconnected systems. Whether data is held in basic business management software or spreadsheets, employees have a hard time finding what they need and may lack access to it entirely. For example, the accounting and FP&A teams could each have different spreadsheets with different figures for expense tracking.
EPR Work:
These disparate data sources make it very challenging to keep everyone on the same page and hinders collaboration and efficiency, especially as an organization grows. Staff waste time hunting for documents and potentially duplicating work because there is no one place to look for up-to-date information on all aspects of the business relevant to them. This also makes it difficult to see the full cause and effect of developments affecting your business.
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An effective team would never have ______. a. multiple long term goals b. a series of coordinated deadlines c. unclear definitions of goals d. goals which mesh with the company culture please select the best answer from the choices provided a b c d
An effective team would never have Unclear definitions of goals.
Option C is correct answer.
Unclear definitions of goals :
Unclear goals are part of the communication problem that continues to plague many workplaces, and were also cited as the number one cause of stress for tech workers in an earlier Comparably study. Employees who don't know what's expected of them can't perform their best work.
What happens when goals are unclear?
A lack of direction and unclear goals are among the largest reasons why projects fail. While it may be impossible to predict every outcome, taking time early on to define and communicate objectives and goals can radically increase the chance your team successfully completes a project.
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If the price elasticity of demand for a good is 2.0, then a 10 percent increase in price results in a?
Answer:
if the price elasticity of demand for a good is 2.0 then a 10 percent increase in price results in a 20 percent decrease in the quantity demanded.
Kellogg’s used ________ software to assess when they smiled or frowned and their overall positive versus negative responses as they watched three different ads for its crunchy nut cereal.
Kellogg’s used facial recognition software to assess when they smiled or frowned and their overall positive versus negative responses as they watched three different ads for its crunchy nut cereal.
What is Facial recognition system?A facial recognition system, which is often used to verify users through ID verification services, is a technology that can match a human face from a digital image or a video frame against a database of faces. It does this by identifying and quantifying facial features from a given image.
How Do facial recognition work?Biometrics are used by a facial recognition system to map facial traits from a picture or video. To identify a match, it examines the data against a database of well-known faces. Although it can be used to confirm someone's identification, facial recognition also poses privacy concerns.
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An uncertain future event affecting the consequence associated with a decision is known as a?
An uncertain future event affecting the consequence associated with a decision is known as a chance event.
Because it result obtained when a decision alternative is chosen and a chance event occurs. A measure of the consequence is often called a payoff. states of nature. the possible outcomes for chance events that affect the payoff associated with a decision alternative.
Event is a collection of outcomes of a trial of a random experiment.
consequence is Something that logically or naturally follows from an action or condition.
outcomes is something that happens as a result of an activity or process result.
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Who will be taxed for eskom
Answer:
the lion
Explanation:
because the lion has a tail
If the wage rate in the agriculture sector is lower than the manufacturing sector, then labor will migrate to the manufacturing sector. this will cause:________
If the wage rate in the agriculture sector is lower than in the manufacturing sector, then labor will relocate to the manufacturing sector. this will drive both wages and the marginal product of labor in the manufacturing sector to decrease.
Why are pay low in the agricultural sector?The wages are low in the agricultural sector due to work productivity cannot rise in the agricultural sector as the marginal productivity of land goes on declining. Therefore wages stay low resulting in poverty.
Why do you think agricultural laborers are forced to take low salaries?They are pushed to labor by their landlord. They can be replaced by any other labor, ready for less pay. They don't have a stable source of earnings.
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Sally, a licensee, has been asked to be the sales agent for a company selling new mobile homes. can she sell these new mobile homes? if not, what sort of mobile homes can she sell?
Sally may not sell new mobile homes, but she may sell used mobile homes, if they have been registered with the State of California and are on lot. She would have to become licensed by the California Department of Housing and Community Development to sell new mobile homes.
A mobile home is prefabricated building that is constructed in a factory and then moved to its destination on a chassis that is permanently fastened. They are frequently left continuously or semi-permanently in one area but can be moved and may occasionally be obliged to move or registered the legal reasons.
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Community colleges, sometimes still known as junior colleges, can have two distinct goals. What are these goals?
The goals are:- transferring students to four-year colleges, and vocational preparation.
Community colleges offer two-year programs that lead to Associate's Degree (AA) or Associate's Degree (AS) degrees. These colleges also have technical and professional programs with close ties to local high schools, community groups, and employers.
The main difference between community college and university is that most community college degrees only take two years, while four-year college degrees take four years.
About 28% of all community colleges offer on-campus housing, but only 1% of community college students live on campus. Her public two-year boarding colleges are spread across most of the United States, but each state has different numbers of dormitories and dormitory capacities.
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Costs that have already been incurred and cannot be avoided regardless of what a manager decides to do are ______ costs.
Costs that have already been incurred and cannot be avoided regardless of what a manager decides to do are sunk costs.
A Sunk cost is what?Money that has already been spent and cannot be recouped is referred to as a sunk cost. The sunk cost phenomenon in business is an example of the notion that one must "spend money to make money." A sunk cost is distinct from potential future expenses a company can incur, such as choices on the price of products or the cost of purchasing inventories. Sunk costs are disregarded while making future business decisions since they won't change regardless of the choice made.Give an example of Sunk cost.Let's say XYZ Clothing produces baseball gloves. It leases a factory for $5,000 each month, and the machinery was paid in full for $25,000 before. The business makes a simple glove model for $50 and sells it for $70. The producer can make a $20 profit on each basic model sold. As an alternative, it can carry on with production while spending an additional $15 and sell a premium model glove for $90.The company weighs the $20 increase in revenue against the $15 additional cost when deciding whether to produce the premium glove to generate a $5 profit. The cost of the factory lease and the cost of the equipment are both buried expenses and are not taken into consideration when making decisions.Sunk costs become important costs and ought to be included in company choices on upcoming events if they can be removed at some point.Any sunk costs that have expiration dates should be taken into consideration, for instance, if XYZ Clothing is thinking about closing a production plant. XYZ Clothing weighs the revenue that would be lost if production stopped along with the expenditures that would also be eliminated when deciding whether to close the facility. If the factory lease expires in six months, the lease cost should be included as an item that can be reduced or eliminated since it is no longer a sunk cost. The plant should be shut down if the overall costs exceed the revenue.Learn more about Sunk cost here:
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The chances of a risk event occurring as a project proceeds through its life cycle tend to?.
The correct answer is Slowly dropped.
What is the life cycle of the risk management process?The risk management process, which consists of these five fundamental components, is used to manage risk. Starting with risk identification, it moves on to risk analysis, prioritization, solution implementation, and risk monitoring.Operational risk is the danger of suffering losses as a result of poor or ineffective procedures, rules, plans, or circumstances that interfere with business operations.Risk is the stage where loss or harm occurs due to a lack of correct information, expertise, or experience. This stage can be controlled by using proper Risk management approaches throughout the project life cycle.The chances of a risk event occurring as a project proceeds through its life cycle tend to:
The correct answer is Slowly dropped.
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A country that has an absolute advantage in producing corn does not necessarily have a comparative advantage in producing corn. True or false?.
A country that has an absolute advantage in producing corn does not necessarily have a comparative advantage in producing corn - this statement is true.
What are absolute advantage and comparative advantage?Comparative advantage is when a country produces a good or service for a lower opportunity cost than other countries. Opportunity cost measures a trade-off. A nation with a comparative advantage makes the trade-off worth it. Absolute advantage, economic concept that is used to refer to a party’s superior production capability. Specifically, it refers to the ability to produce a certain good or service at lower cost. Comparative advantage is concerned with producing at a lower opportunity cost Having absolute advantage doesn’t necessarily mean an economy should produce that good. It is not advisable to try and produce everything.
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A country that has an absolute advantage in producing corn does not necessarily have a comparative advantage in producing corn - this statement is true.
What are absolute advantages and comparative advantages?Comparative advantage exists when a country produces a good or service for a more subordinate opportunity cost than other countries. Opportunity cost estimates a trade-off. A nation with a comparative benefit creates the trade-off worth it. Absolute advantage is an economic concept that exists utilized to refer to a party’s superior production capability. Specifically, it directs to the ability to produce a particular good or service at a lower cost.
Comparative advantage exists concerned with producing at a lower opportunity cost Having absolute advantage doesn’t necessarily indicate an economy should produce that good. It is not advisable to try and produce everything. Absolute Advantage: The ability of an actor to produce better of a good or service than a competitor. Comparative Advantage: The capability of an actor to produce a good or service for a lower opportunity cost than a competitor.
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The term _____ refers to a relationship in which experienced managers in a company aid individuals in the earlier stages of their careers.
Management mentoring refers to a relationship in which experienced managers in a company aid individuals in the earlier stages of their careers.
Mentoring is a relationship among people with the purpose of expert and personal development. The "mentor" is commonly a skilled person who shares information, enjoyment, and advice with a much less skilled person, or "mentee." Mentoring means advising, counseling, and guiding an employee toward long-term professional dreams. Coaching means educating, instructing, and schooling subordinates in appearing short-term job-related skills.
The employee life cycle version (ELC) is an organizational method used to visualize how an employee engages with the enterprise they're a part of. There are six levels concerned in this model: attraction, Recruitment, Onboarding, improvement, Retention, and Seperation.
Withdrawal has been defined as "actions supposed to region bodily or psychological distance among employees and their working environments." Poor attendance and voluntary turnover are two activity withdrawal examples.
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Trans-Pacific Company and USA Export, Inc., form a business organization to engage in importing and exporting. Its assets are held in the names of the members and its shareholders have personal liability. This organization is
This organization is a joint-stock company.
Option (a) a joint-stock company
Joint-stock businesses are developed to fund as well as pricey ventures for a specific or perhaps a government to fund. It is a service possessed by its capitalists, with each financier maintaining a share based upon the quantity of supply bought.
A joint endeavor (JV) is a service set up in which two or even more parties consent to merge their sources for the function of completing a detailed job.
Business Trust= Real Estate Investment Trusts (REITs) + Infrastructure Investment Trusts (InvITs)
An organization is a short-term partnership of services that collaborates to make massive purchases, which would undoubtedly be challenging to affect separately.
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Your question is incomplete. please read below to find the full content.
Trans-Pacific Company and USA Export, Inc., form a business organization to engage in importing and exporting. Its assets are held in the names of the members and its shareholders have personal liability. This organization is
a joint stock company.
a joint venture.
a business trust.
a syndicate.
Large minimum efficient scale of plant combined with limited market demand may lead to?
A large minimum efficient scale of the plant combined with limited market demand may lead to a natural monopoly. Pure monopolists may obtain economic profits in the long run because: of barriers to entry.
A natural monopoly is a type of monopoly that typically exists because of high initial costs or strong economies of scale of running a business in a particular industry and can pose significant barriers to entry for potential competitors. there is.
A natural monopoly is a monopoly in an industry that has high infrastructure costs or other barriers to entry relative to the size of the market, giving the industry's largest players, often the first players in the market, an overwhelming advantage. give sex. potential competitors
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When the Fed buys bonds in open-market operations, it _______the money supply. If the Fed reduces the reserve requirement, the money supply ______. When the Fed increases the interest rate it pays on reserves, the money supply will _______. When the FOMC increases its target for the federal funds rate, the money supply will________ . If bankers decide to hold more excess reserves because they are fearful of bank runs, the money supply ______.
When the Fed buys bonds in open-market operations, it increases the money supply. If the Fed reduces the reserve requirement, the money supply increase as well.
When the Fed increases the interest rate it pays on reserves, the money supply will reduce. When the FOMC increases its target for the federal funds rate, the money supply will reduce.
If bankers decide to hold more excess reserves because they are fearful of bank runs, the money supply reduce. All the above scenarios are activities that can occur when the Federal Government is using Monetary Policy.
What is monetary policy?Monetary policy is a collection of acts designed to govern a country's total money supply and promote economic growth.
What are Bonds?A bond is a fixed-income product that reflects an investor's debt to a borrower (typically corporate or governmental).
A bond may be regarded of as an I.O.U. between the lender and the borrower that includes the loan information and payments.
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When modeling time series components, which component cannot be explicitly included in a regression model?
Irregularity cannot be explicitly included in a regression model.
What is a regression model?Regression analysis is a collection of statistical techniques used in statistical modelling to estimate the associations between a dependent variable and one or more independent variables.
Simple linear regression is defined as Y = mX + b, where Y is the dependent variable, X is the predictor variable, m is the estimated slope, and b is the calculated intercept.
Linear regression analysis predicts the value of one variable depending on the value of another. The variable you wish to forecast is referred to as the dependent variable. The variable you are using to forecast the value of the other variable is known as the independent variable.
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Ella co. owns a mineral deposit and recognizes $15,000 of depletion expense during the period. this entry will be recorded with a credit to:
This entry will be recorded with a credit to Accumulated Depletion.
What is Accumulated Depletion?Accumulated depletion exists as the amount of depletion expense that includes built-up throughout the usage of a natural resource. This amount exists paired with the natural resource asset on the balance sheet as a contra account. Accumulated depreciation includes a credit balance because it aggregates the amount of depreciation expense assessed against a fixed asset. This account exists paired with the fixed assets line item on the balance sheet so that the integrated total of the two accounts reveals the remaining book value of the fixed assets.
Depreciation lives the periodic change of the capitalized cost of a tangible fixed asset over its calculated useful life. Depletion stands for the allocation of the total cost of formulating natural resources for exploitation over their usable life. This entry will be recorded with a credit to Accumulated Depletion.
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A value curve indicates a lack of effectiveness in a firm's strategic profile when it?
A value curve indicates a lack of effectiveness in a firm's strategic profile when it option(b) i.e, zigzags.
A value curve is a diagram that may be used to quickly demonstrate where value is created inside a company's goods or services, illustrating visually how a business can open up new market segments and differentiate itself from rivals.
A strategic profile is a brief overview of an organization's past, present offerings, and future goals. Creating a strategic profile for your company normally includes outlining your objectives, planned products, motivating factors, marketing plan, crucial problems, and competition analysis. The key case details that had an impact on the past strategy direction and performance of the focus firm should be succinctly stated in the strategic profile.
The history, product, and service offerings of a firm are detailed in strategic profiles. Consumers can use strategic profiles to discover a company's mission and vision. Strategic profiles are created by organizations to evaluate past performance and pinpoint internal issues.
The complete question is:
A value curve indicates a lack of effectiveness in a firm's strategic profile when it:
A. stays level.
B. zigzags.
C. trends downward.
D. trends upward.
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If the u.s. dollar depreciates in the foreign exchange market, american exports will _____ and american imports will _____.
If the u.s. dollar depreciates in the foreign exchange market, american exports will Increase and american imports will decrease.
What do you mean by foreign exchange market?The over-the-counter (OTC) foreign exchange market is where exchange rates for different currencies are decided. With a global network of financial centers operating around the clock, it is by far the biggest financial market in the world and only closes on the weekends.
A global decentralized or over-the-counter market for trading currencies is known as the foreign exchange market. For every currency, exchange rates are set by this market. It covers all facets of purchasing, selling, and exchanging currencies at established or current rates.
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How much money is made every year in the u.s. from merchandise tie-ins to movies and tv shows?
While we covered mergers and acquisitions in this unit, let’s turn our focus to strategic alliances. what are the three types of strategic alliances? what are the advantages/disadvantages of each?
The three types of strategic alliances are Joint ventures, Equity Strategic alliances, and Non-Equity Strategic alliances. The advantages and disadvantages of strategic alliances are reduced costs & risks and potential competitors respectively.
There are three types of strategic alliances. A joint venture is a corporation that was created by two parent companies. It is kept up by distributing assets and equity according to a legal contract.
When one corporation buys shares in another company, a strategic equity partnership results. An agreement to share resources without forming a separate firm or allocating equity is called a non-equity strategic partnership.
Partners may grow up quickly, create cutting-edge customer solutions, break into new markets, and pool important resources and experience through strategic alliances. And this is a game-changer in a business environment that prizes speed and creativity.
Its drawbacks include a lack of managerial engagement or equity interest, apprehension about market insulation because a local partner is present, ineffective communication, and inefficient resource allocation.
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Macro events only are reflected in the performance of the market portfolio because_________.
Macro events only are reflected in the performance of the market portfolio because the specific risks have been diversified away.
A market portfolio is a theoretical bundle of investments that consists of each kind of asset to be had within the investment universe, with each asset weighted in proportion to its total presence in the market. The predicted return of a market portfolio is equal to the expected go back of the market as a whole.
The market portfolio is a basket of assets created by an investor the use of varied set of investments. The basket can encompass securities like pension plans, mutual funds, shares, actual property, bonds, foreign currencies, and assets like silver, gold, coins, bitcoins to call some.
The basic expected return method includes multiplying every asset's weight in the portfolio via its anticipated return, then including all the ones figures together. In different words, a portfolio's anticipated return is the weighted average of its personal components' returns.
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With regard to researching and writing a paper with proper citations which behavior is least risky?
With regard to researching and writing a paper with proper citations the behavior which is least risky is assuming that you need to memorize citation formats.
A research paper refers to an essay in which you explain what you have learned after exploring your topic in depth. The main goal of a researching is to bring together different views, evidence, and facts about a topic
While performing a research, a researcher uses citations formats in his research paper. The citation format which is used in this research paper is the APA Style, which is used in the social and behavioral sciences, and considered the most popular citation style.
Hence, in research paper, the behavior which is least risky is assuming that you need to memorize citation formats. As, the memorizing citations formats is unnecessary.
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When marketers carefully develop a set of product attributes such as the brand name, features/design, and quality level of an offering, they are developing the.
When marketers carefully develop a set of product attributes such as the brand name, features/design, and quality level of an offering, they are developing the -- actual product
Defining Product :
A product is a bundle of attributes (features, functions, benefits, and uses) that a person receives in an exchange. In essence, the term “product” refers to anything offered by a firm to provide customer satisfaction, tangible or intangible. Thus, a product may be an idea (recycling), a physical good (a pair of sneakers), a service (banking), or any combination of the three.
Brand :
Brands are interesting, powerful concoctions of the marketplace that create tremendous value for organizations and for individuals.
Defining actual product :
An actual product is what the consumer holds in his or her hand when the product is purchased. This is the packaging, brand name, logo and all tangible aspects of the product that can be seen without opening or using the product. While the tangible aspects of the product may not help the quality, it can lead to increased sales if properly used.
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It appears that kkr is willing to pay a lot more for rjr than the market value of rjr before the takeover contest. what are the potential sources of this value gain?
The justification was that the superior financing of the KKR bid would require less gutting of the company to pay off debts
What is debts?Debt is an obligation that requires one party, the debtor, to pay another party, the creditor, money or other agreed-upon value. Debt is a delayed payment or series of payments that differs from an immediate purchase.
Student loans, mortgages, and business loans are examples of "good" debt, which is defined as money owed for things that can help build wealth or increase income over time. "Bad" debt is defined as credit card or other consumer debt that does little to improve your financial situation. These are exaggerations.
In accounting, debt is classified as a liability. Debt can refer to a variety of different numbers on the balance sheet, ranging from wages payable to tax payable.
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Jeremy wants to avoid conflict with his new coworkers. he should ______. a. spread gossip with them b. treat them all with respect c. talk to the most popular people d. buy them expensive gifts please select the best answer from the choices provided a b c d
Jeremy wants to avoid conflict with his new coworkers. He should treat them all with respect.
Option B is correct answer.
Conflict in workplace :
Conflict is a difference or disagreement between two or more people. Conflict in the workplace is a normal part of human interaction, yet, handling and resolving conflicts that arise is probably one of the biggest challenges employees face.
What is good conflict in the workplace?
Positive conflict is constructive in nature. It produces new ideas, solves continuous problems, provides an opportunity for people and teams to expand their skills, and fosters creativity. When opposing ideas are explored, a breakthrough of thinking can occur.
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Can anybody choose the correct answers pls...
Economics is an inquiry into the nature and causes of The Wealth of Nations. (Option C).
Who made the above statement?
Scottish-born Adam Smith, a philosopher and economic theorist, was born in 1723.
He is most known for his revolutionary work on economics, "An Inquiry into the Nature and Causes of the Wealth of Nations," published in 1776.
What would happen if the market for goods are located far form the factory that you have established?The above scenario would translate into added costs which may lead to a loss. The additional cost will come from transporting goods to a far market. Hence the correct answer is option C.
Two type of related commodities are:Supplementary and complementary goods (Option D).
Two things are considered supplementary or complementary when they are utilized in tandem. For instance, if you own a car, you also need gas to power it.
A supplemental item if you own a television would be an Amazon widget, which gives you access to a far wider selection of television shows.
Which of the following conditions implies extension of supply?The condition where there is higher price, leading to higher supply meets the above criteria. Hence the correct answer, which corresponds with the law of supply, is Option D.
What is Tertiary Sector economic activity?
The tertiary sector encompasses a wide range of activities, including commercial and personal services, education, health care, social work, transportation, financial and real estate operations, and administration.
Hence the correct answer is (option A)
Car and Petrol are examples of?
The above are examples of complementary goods (Option A). This is because, you need petrol to be able to run a car.
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As lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the _______ stage of the communication process.
As Lynn is working on documenting the text that will be incorporated into a new publication ad for her company’s line of handbags, she is engaging in the encoding stage of the communication process.
What is encoding stage?Encoding is the first step of the memory process. Encoding occurs when information is summarized into a form that can be processed mentally. Information from the background is constantly reaching your senses in the forms of stimuli. Encoding allows you to modify the stimuli so that you may put it into your recollection.What are the 3 types of encoding?
There are three main regions of encoding memory that make the journey possible: visual encoding, acoustic encoding and semantic encoding.
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The first three steps of the strategic management process involve ________ strategies
The first three steps of the strategic management process involve planning, execution and monitoring of strategies.
Successful strategic management involves three steps namely planning, execution and monitoring of the developments & progress.
With the help of strategic management, actions speak more louder than the words. Effective strategic planning that yields the appropriate decisions which can come up even short on delivering performance improvements.
Strategic Management is a more powerful means of optimizing the long-term performance of an organization. The last key to success is repetition of the process of strategic management again and again.
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