Customer relationship management systems help create customer profiles, which are advanced customer segmentations. Customer relationship management (CRM) is the combination of practices, strategies, and technologies companies use to manage and analyze customer interactions and data throughout the customer lifecycle. The goal is to improve customer service relationships, support customer retention, and drive revenue growth.
Examples of CRM systems include platforms for managing marketing, sales, customer service, and support, all connected to make your business work more effectively. CRM systems allow businesses to analyze customer interactions and improve customer relationships.
There are three main types of CRM systems. Collaborate. Analyze. Operate. Here's how to choose the best one to provide a better customer experience in your customer conversations.
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the direct materials cost, direct labor cost, and machine-hours used for jobs p and q are as follows: job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no overapplied or underapplied manufacturing overhead costs during the year. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments. foundational 2-3 (static) 3. what is the total manufacturing cost assigned to job p
Departmental overhead rate:
Molding overhead = 10000/2500+1.4 = 5.4 per hour
Fabrication overhead = 15000/1500+2.2 = 12.20 per hour
Total manufacturing cost
Job P
Direct material 13000
Direct labor 21000
Molding overhead (1700*5.4) 9180
Fabrication overhead (600*12.20) 7320
Total 50500
5. Unit product cost = 50500/20 = $2525
6. Total manufacturing cost
Job Q
Direct material 8000
Direct labor 7500
Molding overhead (800*5.4) 4320
Fabrication overhead (900*12.20) 10980
Total 30800
7. Unit product cost = 30800/30 = 1027
8. Calculate the following
Job P Job Q
Direct material 13000 8000
Direct labor 21000 7500
Molding overhead 9180 4320
Fabrication overhead 7320 10980
Total 50500 30800
Total price for the Job 90900 55440
Price for the unit 90900/20 = 4545 1848
10. Plantwide overhead rate = (2500*1.4+1500*2.2+25000)/4000 =7.95 per hour
11. Manufacturing overhead applied
Job P Job Q
Manufacturing overhead applied 2300*7.95 = 18285 13515
12. Total manufacturing cost
Job P
Direct material 13000
Direct labor 21000
Manufacturing overhead 18285
Total 52285
Unit product cost 52285/20 2614
13. Calculate the following:
Job Q
Direct material 8000
Direct labor 7500
Molding overhead 13515
Total 29015
Unit product cost (29015/30) 967
14. Calculate the following
Job P Job Q
Cost 52285 29015
Selling price 94113 52227
Unit cost 4706 1741
15. Cost of goods sold = 52285+29015 = 81300.
To calculate production overhead, you want to add all the indirect factory-associated fees incurred in manufacturing a product. This includes the costs of oblique substances, oblique labor, system repairs, depreciation, manufacturing facility elements, coverage, energy, and extra.
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Operations management is the management of:
designing and controlling the process of production and redesigning business operation in the production of goods and services.
pederson company reported the following: manufacturing costs $360,000 units manufactured 9,000 units sold 7,500 units sold for $90 per unit beginning inventory 1,000 units what is the manufacturing cost for the ending finished goods inventory?
In a situation, where the financial transactions of the Pederson Company satisfy the conditions given above, the manufacturing cost of the ending finished goods inventory will be $100,000. Therefore, the option A holds true.
What is the significance of manufacturing costs?The manufacturing cost is the cost derived for production of one unit into the total units manufactured by a firm. From the given information, it can be calculated that:
Finished goods = 1000 + 9000 – 7500 = 2500 units.
The manufacturing cost per unit is given as $40 per unit. So, 2500 × 40 = $100,000 will be the manufacturing costs of the finished goods inventory.
Therefore, the option A holds true and states regarding the significance of the manufacturing costs of the ending finished goods inventory.
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The question seems to be incomplete. It has been added below for better reference.
Pederson Company reported the following:
Manufacturing costs $360,000
Units manufactured 9,000
Units sold 7,500 units sold for $90 per unit
Beginning inventory 1,000 units
What is the manufacturing cost for the ending finished goods inventory?
A) $100,000 B) $744,000 C) $54,000 D) $60,000
a code of ethics is an individual firm's behavior standard for employees. group of answer choices true false
This problem is a True statement.
What is code of ethics?
An organization or a person can utilize a code of ethics as a set of guidelines to assist them make decisions and discern between good and wrong. They offer a thorough understanding of the moral values upheld by a company or organization. If we wish to speak the truth, maintain our word, or assist a perfect stranger, we must act with integrity.
Therefore,
a code of ethics is an individual firm's behavior standard for employees. group of answer choices true false
This problem is a True statement.
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What steps can be used to unlock part of a worksheet?
1. Select the
2. Right-click and choose
3. Click the Protection tab.
4. Clear the
checkbox ar click OK.
5. The worksheet is now ready for edits.
Answer:
- Range for Users to modify (1)
- Format Cells (2)
- Locked (3)
Explanation: Just took answered the question on edge. Trust
Answer:
the person above me is correct
Explanation:
the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.
It is absolutely correct to state that the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.
What do you mean by information age?The concept of the "Information Age" holds that having access to and control over information characterizes the current phase of human civilization. This is the Information Age. The world as we know it today is a product of all the eras from the Stone Age to the Industrial Revolution.
Hence, It is absolutely correct to state that the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.
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"Your question is incomplete, probably the complete question/missing part is:"
TRUE OR FALSE: the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.
The likelihood that political forces will cause drastic changes in a country's business environment and adversely affect the potential for a company to make a profit is called a _____ risk
The likelihood that political forces will cause drastic changes in a country's business environment and adversely affect the potential for a company to make a profit is called a political risk
Political risk is the risk that an investment's returns will suffer as a result of a country's political changes or instability. Changes in legislative bodies, government, other foreign policymakers, or military control could all result in investment return volatility. Political risk, also recognized as "geopolitical risk," becomes a greater factor as the investment time horizon lengthens. They are categorized as a type of jurisdiction risk.
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scenarios should be realistic detailed and based in the workplace you must also explain the importance of each behavior and its effects on the workplace for each scenario created
the required details about scenarios.is given in below paragraph
Case Study Analysis
By testing your future assumptions, scenario analysis can assist you in planning your business strategy or in making smarter judgments.
You can identify potential hazards and make plans for how to address or lessen their effects by investigating a variety of alternative scenarios.
Follow these five steps to use the tool:
* Describe the problem.
* assemble data.
* Distinguish certainty from uncertainty.
* Construct situations.
* Make use of the scenarios when planning.
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What is an advantage of using a credit card?
a If you need to carry a balance, the interest rates are generally quite low (less than 5%) b If you pay off your balances every month in full, it's like getting a short-term interest-free loan
c Since it is tied directly to your checking account, it prevents you from spending money you do not have
d It will not affect your credit score or credit history
Answer:
???
Explanation:
Answer:
I believe the answer is B
(04.04 MC)
Which explains a method to avoid violation of personal information
through phishing?
A.Do not carry around your Social Security card.
B.Keep photocopies of each side of your credit card in a secure place at
home.
C.Never give out credit information to someone who calls you or emails
you.
D.Shred personal mail and documents before throwing away.
Answer:
C
Explanation:
Phishing is done online
A way in which avoiding a violation of personal information through phishing can be done is by not giving the credit card information to someone asks such details over call and emails. Hence, option C holds true.
What is phishing?Phishing is a method used by illegal hackers or scammers in order to get access to people's personal information. Usually, phishing is done for monetary benefits and computer networks.
Phishing is done online, and for getting access to personal information. Thus, it will be advisable to not share the information related to credit card over calls and emails to anyone.
Hence, option C holds true regarding phishing.
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Why would it be better to be in a partnership?
Answer:
Partnerships increase your lease of knowledge, expertise, and resources available to make better products and reach a greater audience. All of these put together along with 360-degree feedback can skyrocket your business to great heights. The right business partnership will enhance the ethos of your firm.
Explanation:
Hope it helps..
cory owns a custom purse-design business. he launched an advertising campaign featuring purses made of environmentally friendly materials. he's followed his customers through their entire journeys.
If he launched an advertising campaign featuring purses made of environmentally friendly materials. What Cory should Do To Move His Customer Journey Forward When A Potential Customer Shows A Strong Interest In A Product: (D) Offer them a specific call to action.
What is Advertisement?Advertisement can be defined as the process of creating product awareness or brand awareness so as to attract potential customers to the product thereby increasing sales or generating revenue.
Since he often follow up his customers, Cory should tend to offer a specific call to action by so doing it will help to encourage his customers to buy his product in a situation were a customer shows a Strong Interest the product.
Therefore If he launched an advertising campaign featuring purses made of environmentally friendly materials. What Cory should Do To Move His Customer Journey Forward When A Potential Customer Shows A Strong Interest In A Product: (D) Offer them a specific call to action.
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The complete question is:
Cory Owns A Custom Purse-Design Business. He Launched An Advertising Campaign Featuring Purses Made Of Environmentally Friendly Materials. He’s Followed His Customers Through Their Entire Journeys. What Should Cory Do To Move His Customer Journey Forward When A Potential Customer Shows A Strong Interest In A Product?
(A) Send targeted advertising
(B) Show them more ads for services
(C) Ensure brand loyalty
(D) Offer them a specific call to action
Which of the following is a risk banks should prepare for?
A.
Falling interest rates
B.
Borrowers who don't pay back loans
C.
Too many people requesting loans
D.
People switching to online transactions
Borrowers who don't pay back loans.
mission-critical it systems should be outsourced only if the result is a cost-attractive, reliable business solution that fits the company’s long-term business strategy.
"Mission-critical systems should be outsourced only if the result is a cost-attractive, reliable business solution that fits the company’s long-term business strategy."
This statement is True.
A Mission-critical system of a gadget is any component this is vital to commercial enterprise operation or to an organization. Failure or disruption of task essential elements will bring about a critical effect on commercial enterprise operations or upon an organization, or even can motivate social turmoil and catastrophes.
Examples of Mission-critical systems consist of manipulating structures for aircraft, strength grid structures, and emergency communications structures. Human lifestyles ought not to be at the line, however, with many companies depend on commercial enterprise-essential structures with the purpose to perform paintings and create value.
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to maintain a good credit score you must . manage your debt wisely. have many open credit cards. have credit monitoring. check your credit score every week.
To maintain a good credit score you must manage your debt wisely.
What is a credit score ?A credit score, which ranges from 300 to 850, represents a person's creditworthiness. The higher a borrower's score, the better they appear to prospective lenders.
A credit score is based on a person's credit history, including the number of open accounts, total amount of debt, history of repayment, and other elements. Lenders use credit ratings to assess the possibility that a borrower will make loan repayments on schedule.
There are numerous credit bureaus in the US, but only Equifax, Experian, and TransUnion are of significant national importance. These three companies control the industry for obtaining, analyzing, and sharing consumer data in the credit markets.
Financial institutions employ the credit score model that was developed by the Fair Isaac Corp., today known as FICO. The FICO Score is by far the most widely used credit rating system, although there are other ones as well. A person can raise their score in a number of ways, such as by making loan repayments on time and maintaining a modest debt load.
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In what way is money active?
Why is it important to have cash flow?
Answer:
Money is active because money is money. why is it important to have a cash flow? to build wealth
Explanation:
cash receipts a firm has actual sales of in april and in may. it expects sales of in june and in july and in august. assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for june, july, and august?
Receipts in cash A company has actual sales of in April and May. It anticipates sales in June, July, and August. Assuming that sales are the primary source of cash inflows and that half of them are for cash and the other half is collected evenly over the next two months,The firm's expected cash receipts for june, july, and august are: 32,500 46,250 66,250 82,500 92,500
A Firm Cash Receipts Budget
Particulars April ($) May ($) June ($) July ($) August ($)
Sales 65,000 60,000 70,000 100,000 100,000
Cash sales 32,500 30,000 35,000 50,000 50,000
(Sales * 50%)
Cash Collections:
Lag 1 month (Last month
sales * 50% *
0.5) - 16,250 15,000 17,500 25,000
Lag 2 months
(Last 2 months
sales * 50% *
0.5) - - 16,250 15,000 17,500
Total cash receipt 32,500 46,250 66,250 82,500 92,500
What is cash receipts budget?
A budget for predicted cash inflows during a specific time frame is referred to as a cash receipts budget. It is set up such that it is known in advance how much money is actually anticipated. All previous budgets in the master budget have an impact on the cash budget, which displays anticipated cash revenues and outlays over a period. A thorough cash flow forecast will show when a business has extra cash to invest and when it needs to borrow money. This enables a business to avoid the expense of needless borrowing while also earning the most interest possible on spare cash. A cash budget's cash receipts section lists all the money anticipated to enter the company during the budgetary period. Now, a large portion of their sales are first recorded as accounts receivable because many businesses typically give credit to their clients.
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if a company assigns the same cost of capital to all its projects regardless of each project's risk, then the company is likely to reject some safe projects that it actually should accept and to accept some risky projects that it should reject
Risk would affect discount rates, and in low-risk projects, a high discount rate would cause a lower or negative NPV, resulting in rejection. Similarly, high-risk projects may use a lower discount rate leading to a high NPV, but truly the project may end in a loss.
The tax-adjusted cost of debt is often on top of the rate of interest on debt, assuming the corporate actually pays taxes. – Incorrect because the tax-adjusted cost of debt is often but the charge per unit on debt, assuming the corporate actually pays taxes
Because no flotation costs are required to get capital as reinvested earnings, the value of reinvested earnings is usually under the after-tax cost of debt. - Incorrect after-tax cost of debt is typically the most cost effective source of capital
Higher flotation costs tend to cut back the price of equity capital. - Incorrect because higher flotation costs increase the value of capital.
Since debt capital can cause a corporation to fail, but equity cannot, debt is riskier than equity, and so the after-tax cost of debt is usually over the price of equity. The bad after-tax cost of debt will usually be but the price of equity capital.
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at wilma service company, the balance of cash account on january 1st, 2020 was $5,000. the following transactions are for year 2020: (1) issued $25,000 of common stock for cash. (2) paid wages expense of $10,000. (3) acquired land by issuing common stock of par value $50,000. (4) declared and paid a cash dividend of $1,000. (5) recorded cash sales of $20,000. (6) provided $20,000 services in cash. (7) disposed some of the old equipment of company for $3,000 in cash. (8) repaid a 6 year note payable in the amount of $11,000. (9) purchase new equipment – paid $6,000 cash and the rest was on account. compute net cash flows from financing activities. example of answer: 4000 or -4000 (no comma, space, decimal point, or $ sign. show negative with -)
net cash flows from financing activities is $60,000
The required details for Cash Account in given paragraph
How Do I Open a Cash Account?
To balance an account, just add up its debit and credit sides, then subtract the smaller (with a lower total value) side from the bigger side. The balance of the account is the difference between the two sides.
Any securities transactions must be paid in full from monies in the account at the time of settlement if the account is a cash one with a brokerage company. Thus, with this form of account, short selling and buying on margin are prohibited. Cash accounts and margin purchases of securities are governed by Regulation T of the Federal Reserve. Investors have two business days to pay for security under this legislation. T+2 is the name of it.
A ledger in which all cash transactions are documented is referred to as a cash account or cash book in accounting. The cash account contains both the cash receipts and payments journals.
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Assume starbucks increased its spending on advertising by 35 percent to increase sales in its current markets. Which growth strategy does this represent?.
We can see here that if we assume that Starbucks increased its spending on advertising by 35 percent to increase sales in its current markets. The growth strategy this represents is: (d) Market penetration.
What is market penetration?Market penetration actually refers to the success recorded by an organization or company in the selling of their goods and services to a specific market. Sales volume of the existing goods or services is actually used to measure market penetration.
The options that complete the question are:
(a) Market development
(b) Divesting
(c) Diversification
(d) Market penetration
(e) Product development
Thus, if Starbucks was able to increase its spending on advertising by 35 percent in order to increase sales in its current markets, then they had market penetration.
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The Digby company will continue to train their existing workforce at their current level to help reduce turnover and improve productivity next year. Employee training costs have increased to $30 per hour. How much would their training costs per employee be to the nearest dollar?
Select: 1
A. $1,200
B. $400
C. $1,182
D. $2,382
Answer:
a. $1,200
Explanation:
Note: The full question is attached below
Number of training hours = 40 hour
Cost per hour = $30
Total cost = Number of hours * Per unit cost
Total cost = 40 * $30
Total cost = $1,200
what is a business?
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
question 1 common resources are: 1 point nonexcludable, but rival in consumption. excludable, but nonrival in consumption. both nonexcludable and nonrival in consumption. both excludable and rival in consumption.
Common resources are both rival in consumption and non-excludable.
Common resources are regarded as those resources which are rival in nature as the availability of these resources for one person reduces its availability for other. These resources are also non-excludable in nature as no one can be excluded from the benefit of such recourses.
A common resource includes any scarce resource, such as water, minerals, forests, or pasture, which provides users with tangible benefits and which nobody in particular can own or can have an exclusive claim to it.
Thus, a common resource is an non-excludable but rival good in an economy.
Hence, option A is correct.
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Bendel Inc. Has an operating leverage of 4. 7. If the company's sales increase by 12%. Its net operating income should increase by about:_______
Bendel Inc. Has operating leverage of 4. 7. If the company's sales increase by 12%. Its net operating income should increase by about 56.4%
Percentage change in net operating income = Degree of operating leverage × Percentage change in sales
= 4.7 x 12%
= 56.4%
An accounting term known as operating income measures the amount of profit made from a company's operations after operating costs like salaries, depreciation, and cost of goods sold has been subtracted.
Operating income, also known as income from operations, is calculated by deducting all operating costs from a company's gross income, which is equal to total revenue minus the cost of goods sold. Operating costs are those incurred by a business during regular business operations and include things like office supplies and utilities.
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4. Companies started by entrepreneurs typically have
Companies started by entrepreneurs typically have through small business loans, or by securing funding from investors.
A startup agency is a newly formed enterprise with specific momentum at the back of it based on a perceived call for its products or services. The intention of a startup is to develop hastily because of presenting something that addresses a selected market gap.
Startups Companies are typically headed by way of one or a few marketers who are inquisitive about answering a market call for thru the introduction of a brand new service or product. While small agencies regularly have the intention of staying small, a startup organization is focused on speedy and worthwhile boom inside their unique marketplace.
It is clear that timing is important when it comes to the last fulfillment or failure of an agency. In reality, in an examination of 200 startups, timing become discovered to be the most crucial factor related to achievement in forty-two cents of the instances, the maximum of any unmarried aspect.
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when the workers in a workshop encounter operating difficulties or breakdowns while handling their machinery, they seek the help of drew, their floor manager, to fix or repair the machinery. in this scenario, drew is carrying out the leadership role of a(n) .
When the workers in a workshop encounter operating difficulties or breakdowns while handling their machinery, they seek the help of Drew, their floor manager, to fix or repair the machinery. In this scenario, Drew is carrying out the leadership role of a technical problem solver.
What does a floor manager do?
Floor Managers ensure that TV productions go according to plan and that everyone involved in the show (presenters, camera crew, guests and viewers) knows what to do and when to do it. On-site floor managers are called assistant directors.
What is a Floor Manager in Retail?
As a Floor Manager, you are responsible for the day-to-day management of your department or business in accordance with general company policy. The primary focus of every retail floor manager's job is to improve the commercial performance of the store by increasing sales and maximizing profitability.
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it’s been a year since roland started a small retail business. his only supplier went bankrupt after a few months. roland’s business thus ran into large-scale losses. how should roland face his business failure?
It’s been a year since Roland started a small retail business. his only supplier went bankrupt after a few months. Roland's company thus ran into large-scale losses. He should hold on to his entrepreneurial vision and learn from his past mistakes.
Bankrupt is a legal proceeding in which an individual or other entity unable to repay its debts to its creditors can seek the forgiveness of some or all of its debts. In most jurisdictions, bankruptcy is imposed by court order and is often initiated by the debtor.
Insolvency is not the only legal status an insolvent can have. Therefore, the term insolvency is not synonymous with insolvency.
There was no such thing as bankruptcy in ancient Greece. If a man was in debt and unable to pay, he and his wife, children, or servants were forced into "debt slavery" until the creditor recouped the losses from manual labor. Many ancient Greek city-states limited debt slavery to five years. Debt slaves had life and limb protection that regular slaves lacked.
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under rent control, landlords can cease to be responsive to tenants' concerns about the quality of the housing because
Under rent control, landlords can cease to be responsive to tenants' concerns about the quality of the housing because they become resigned to the fact that many of their apartments are going to be vacant at any given time.
While rent management seems to help current tenants in the quick run, in the end, it decreases affordability, fuels gentrification, and creates poor spillovers on the surrounding community.
This means that introduced controls can result in extra discrimination on several fronts among potential tenants. Tenants with especially low earning and low credit score ratings (or with dogs and kids) can count on their condominium alternatives to cut back extra than the renters with better incomes and credit score ratings.
Rent management has been proven to be a disincentive for development companies to construct new units in the vicinity. With less improvement, the call for for existing devices is going up, which means lower vacancy quotes and a larger pool of capability tenants.
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uppose you are buying your first condo for $300,000, and you will make a $15,000 down payment. you have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate, with the first payment due in one month. what will your monthly payments be?
According to the Question,
Loan amount = 300000 - 15000 = 285000
Periodic loan payments are made by
P = L [r ( 1 + r ) ²n ] / [ ( 1 + r )² n - 1 ]P - Periodic payment = ?r - Rate of interest = 0.065/12 n - Term = 30*12 = 360L - Amount of Loan Taken = 285000Periodic Payment = 285000 × ( 0.065/12 ) × (1 + ( 0.065 / 12 )² 360) / (1 + ( 0.065 / 12)² 360 - 1 )
= 1801.39
Monthly payment = $ 1801.39
Therefore the Correct Response is Option D
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Correct Question - Suppose You Are Buying Your First Condo For $300,000, And You Will Make A $15,000 Down Payment. You Have Arranged To Finance The Remainder With A 30-Year, Monthly Payment, Amortized Mortgage At A 6.5% Nominal Interest Rate, With The First Payment Due In One Month. What Will Your Monthly Payments Be?
a. $2,215.71
b. $1,459.13
c. $1,369.06
d. $1,801.39
e. $2,179.69
While it is important for international marketers to appreciate cultural differences, it is also important for them to.
Understand the origin of the differences
While understanding the origins of cultural differences is essential for international marketers, it is also meaningful for them to appreciate them.
Examining a country's culture demonstrates respect. It also encourages clear communication, which is essential for business success. It should not be difficult to develop an admiration for another culture.
Every culture has a central theme. Trust and resilience, for example, may be perceived differently in different countries. In some cases, these themes can lead to disparities in business deals and negotiations.
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