What are four core processes in a firm and how are they related?
What will be an ideal response?
The customer relationship process identifies, attracts, and builds relationships with external customers and facilitates the placement of orders. The order fulfillment process includes activities required to produce and deliver the service or product to the external customer. The new service/product development process designs and develops new services or products, which may be to customer specifications. The supplier relationship process selects the suppliers of services, materials, and information and facilitates the flow of these items into the firm. All of these processes exist to provide a service or product to the customer.
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You provide a pay raise to a follower who has received high scores on annual performance reviews two years in a row. You are demonstrating ______.
A. management by exception-passive B. management by exception-active C. individualized consideration D. contingent reward
Graphix S.A. traffics in labels that bear counterfeit trademarks. This is a crime
A. only if the labels have negative effects on legitimate businesses. B. only if the labels are attached to counterfeit goods. C. under all circumstances. D. under no circumstances.
On January 1, 2016, Prepaid Insurance of Maywood, Inc. had a beginning balance of $1,400. Three months of insurance premiums remain in the beginning balance
On February 1, 2016, the company paid an annual insurance premium in the amount of $3,700 for the period beginning April 1. On February 28, 2016, the balance in Prepaid Insurance is $934. The deferred expense was initially recorded as an asset. Indicate whether the statement is true or false
Outsourcing non-competitive functions can free the entrepreneur to focus on his/her greatest strengths.
Answer the following statement true (T) or false (F)