Briefly define economic logic

What will be an ideal response?


Economic logic is at the heart of the Business Strategy Diamond and is the primary motivator for a business venture. Economic logic poses the question of how an organization will realize a return on investment. Marketing is instrumental in providing the answer to that question by determining which products should be delivered to a specific market at a particular price.

Business

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While customers of company blogs do not want obvious sales techniques, they most often like to

A) dialogue about a brand. B) provide personal information. C) watch pop-up ads. D) learn gossip about the executive staff. E) post negative comments about other customers.

Business

What focuses on keeping suppliers satisfied by evaluating and categorizing suppliers for different projects, which optimizes supplier selection?

A. Supplier relationship management. B. Partner relationship management. C. Employee relationship management. D. None of the above.

Business

Interpreting system requests and specifications is not a skill required as part of the customer relations activity for a project manager

Indicate whether the statement is true or false

Business

Why are horizontal structures called the "model for the knowledge age"?

What will be an ideal response?

Business