Objective: By the end of the lesson‚ leaner should be able to; 2.1 Explain how electronic transactions can reduce paperwork and delay(advantages ). 2.2 Examine how EDI has developed and laid the foundations for b2b e-business. 2.3 Evaluate the use of different Electronic Payment Systems. 1 Electronic Transactions Bringing this concept into perspective by answering the question. What is Electronic Transactions? (Class discussion). An act of buying or selling something or sending money electronically
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Assalamualaikum and a very good morning to my beloved lecturer and all my friends. today i would like to talk about how to reduce stress. First of all you have to make your body and your mind to feel relax. Whenever you are in stress mode you can try deep breathing technique or other relaxation techniques to release your mind from the stress. You also have to eat well and take care of your body. Other than that‚ we also need to do plenty of exercise and get enough sleep at night. Second‚ we need
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Forecasting Business forecasting is the process of studying historical performance for the purpose of using the information gained to project future business conditions so that decisions can be made today that will assist in the achievement of certain goals. Forecasting involves taking historical date and using it to project future data with a mathematical model. Forecasts are extensively used to support business decisions and direct the work of operations managers. In this paper I will introduce
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DEMAND FORECASTING The Context of Demand Forecasting The Importance of Demand Forecasting Forecasting product demand is crucial to any supplier‚ manufacturer‚ or retailer. Forecasts of future demand will determine the quantities that should be purchased‚ produced‚ and shipped. Demand forecasts are necessary since the basic operations process‚ moving from the suppliers’ raw materials to finished goods in the customers’ hands‚ takes time. Most firms cannot simply wait for demand to emerge and then
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Forecasting Cassandra Harris HSM/260 5/3/2015 Cynthia Cucuzza Forecasting Exercise 9.1 The following data represent total personnel expenses for the Palmdale Human Service Agency for past four fiscal years: 20 X 1 = $5‚250‚000 20 X 2 = $5‚500‚000 20 X 3 = $6‚000‚000 20 X 4 = $6‚750‚000 Forecast personnel expenses for fiscal year 20X5 using moving averages weighted moving averages‚ exponential smoothing‚ and time series regression. For moving averages and weighted moving averages‚ use only the data
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WHAT IS “STRESS”? “…a physical‚ chemical‚ or emotional factor that causes bodily or mental tension and may be a factor in disease causation” Merriam-Webster dictionary WHERE “STRESS” COMES FROM? KIND OF “STRESS” Positive stress • • • • • • Work promotion Marriage New baby Perfect golf game Graduation …. Negative stress • • • • • Financial difficulty Traffic Illness Loss of job Death of a family member • … IMPACT OF “STRESS” ‘Touching’ Therapy
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Forecasting Techniques Forecasting is the methodology utilized in the translation of past experiences in an estimation of the future. The German market presents challenges for forecasting techniques especially for its retail segment. Commercially oriented organizations are used to help during forecasting as general works done by academic scientists are not easy to come across (Bonner‚ 2009). The qualitative method of forecasting is one in which an educated opinion of relevant individuals
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12 Concepts that Shape the American Way of Life (The concepts below are a compendium of ideas developed by anthropologists and sociologists over the past 40 years. They demonstrate a central tendency which should not rule out a range of differences within each concept.) 1. Assertiveness: U.S. Americans tend to be candid and outspoken in communication with others‚ and they seldom shy away from disclosing facts about themselves. They prefer "direct" questions and respond with "straight" answers
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Businesses use forecasting to predict future‚ trends‚ patterns‚ and business with data to develop a forecast. This data is used to predict future sales. In forecasting we use testing and reasonableness to predict future events. Companies use this method to compare their sales with other companies. Forecasting has many benefits to include; what is the popular product customers are purchasing‚ and it enhances cash flow‚ and identifies patterns and trends inside a corporation. Using this method
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Forecasting Forecasting is a prediction of what will occur in the future. It is an uncertain process that is vital to survival in today’s international business environment. Rapid technological advances have given consumers greater product diversity as well as more information on which they make their product choices. Managers try to forecast with as much accuracy as possible‚ but that is becoming increasingly difficult in today’s fast-paced business world. Forecast Methods There are two
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