Chapter 1 Lecture Notes i. Strategy 2. Definition ii. A strategy is a “game plan” that enables a company to attract customers by distinguishing itself from competitors. 1. Customer value propositions iii. Companies that adopt a customer intimacy strategy strive to understand and respond to individual customer needs better than competitors. Examples of companies that pursue this strategy include: Ritz-Carlton‚ Nordstrom‚ and Starbucks. iv. Companies that adopt an operational excellence strategy
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Chapter 6 – Analyzing Business Markets True/False Questions 1. SAP is a German software company that helps businesses automate their finance and management systems. True (easy) pp. 101–102 2. Organizational buying is the decision-process by which organizations establish and satisfy their needs for goods and services. True (moderate) p. 102 3. Mining‚ manufacturing‚ banking‚ and distribution services are all considered part of the business market. True (easy) p. 102 4. Schools and
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Explain Aristotle’s understanding of the Prime Mover (25 marks) In Aristotle’s book the Metaphysics‚ he calls the cause of all movement the Prime Mover (P.M). The Prime Mover to Aristotle is the first of all substances‚ the necessary first sources of movement which itself is unmoved. It is a being which is eternal‚ and in Metaphysics Aristotle also calls this being ‘God’. However‚ before he came to know the existence of the P.M he first started noticing the constant changes around him‚ which led
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Chapter Six: The Duel for North America Coureus des bois French- Canadian fur trappers‚ "runners of the woods" Edict of Nantes - Issued in 1598 by the crown of France‚ it granted limited religious freedom to the French Protestants‚ and stopped religious wars between the Protestants and the Catholics. Quebec - Established by France in 1608 (Catholic) with large help of Samuel de Champlain‚ "Father of New France" Tried to convert Indians to Christianity and to save them from the fur trappers
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Chapter 1 Cost Accounting: Information for Decision Making Key Concepts 1 Describe the way managers use accounting information to create value in organizations. ♦ Cost accounting helps manages achieve the maximum value for their organizations by providing information for decision making and by measuring the effects of decisions on the value creation of the organizations. ♦ Value chain is the set of activities that transforms raw resources into the goods and services end users purchase
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Philosophy and education are closely related for philosophy is the basis of education. The strengths and weakness of philosophical system are explored in terms of their relations to education. Philosophy is made of two major divisions‚ namely; metaphysics and epistemology. Metaphysics is a subdivision of philosophy which systematically analyzes the question of the ultimate reality. During the middle ages‚ metaphysis became the most important branch in philosophical concerns. Reality is determined
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Chapter 6) * Direct Marketing: A marketing system for developing products‚ sending messages directly to consumers‚ and accepting orders through a variety of media‚ and then distributing the purchase directly to consumers. * Direct response advertising: Advertising placed in a medium that generates an immediate and measurable response from the intended market. * Direct Mail: A printed form of direct response advertising distributed by Canada Post or independent delivery agents.
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Case Study 6-A Summary: The economy is down due to recession and a Florida hotel resort is trying to change their cleanliness policy to bring customers back. To do this‚ the hotel managers propose the “$10 dollar test”. The cleaning staff clean rooms based off of an instructional video. The manager observes them and then picks one random room to inspect. If the room is clean to the manager’s expectations‚ he or she will leave ten dollars. However‚ the manager will subtract a dollar for every mistake
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University Business School SEMESTER: 2nd semester SUBJECT: Banking Operations CONTENT 1. How many types of customers and elaborate it ________________01 2. How many type of account also explain them?__________ 03 3. What are the basic requirements for opening of an account?__________________________________________04 1 | Page Q1.How many types of customers and elaborate it? There are different types of customer which are given as below: • General • Joint account • Minor •
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Chapter I Introduction EDUCATION‚ in its widest sense‚ indicates ways in which people learn skills and gain knowledge‚ information and understanding. It can be divided into various ways of learning namely - formal‚ informal and non-formal or quasi formal. Learners are expected to come to school regularly and punctually‚ work at the same speed as their classmates and to give tests to show how well they have learned and progressed. At the end of the year‚ successful students move up to the next
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