WESTERN VISAYAS COLLEGE OF SCIENCE AND TECHNOLOGY LA PAZ‚ ILOILO CITY UNIT I - PRINCIPLES OF MANAGEMENT ELMA B. TALAMAN JUDITH ABETO DR. CATHERINE SUMACULOB CATHERINE CERVERA Professor Discussants ------------------------------------------------- Every human being has several needs and desires but no individual can satisfy all his wants. Therefore‚ people work together to meet their mutual needs which they cannot fulfil individually. Moreover‚ man
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Student Name Course and Section Number Program of Study Principles of Management MAN2021 Week 8 Individual Work Differentiate Between Management and Leadership Styles Assignment Instructions To complete this assignment: 1. Answer all of the questions below in the space provided. 2. Reflect on the information presented in this week’s lesson and provide an insightful response to each question writing no more than two paragraphs. 3. An example of an excellent response is given for you. Save
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process needs to agree on a written problem definition before proceeding. Step 2: Determine Requirements Any acceptable solution to the problem must meet the requirements. Requirements describe what the solution to the problem must do. Step 3: Establish Goals Goals are broad statements of intent and desirable programmatic values.
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1. _____ is the marketing of goods and services to individuals and organizations for purposes other than personal consumption. |a. |Secondary marketing | |b. |Interactive marketing | |c. |Business marketing
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Marketing Management Chapter 6 Summary Chapter 6: Final Consumers and Their Buying Behavior Consumer behavior varies between purchases and from one person to the next. However‚ these consumer behaviors are affected by several factors and they are economic‚ psychological and social factors. First‚ for the economic needs‚ most economists believe consumers are economic buyers. Economic buyers are people who compare prices among the products and try to choose the product with the greatest value and
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Management Principles 1.1 Dell’s initial mistake was moving away from being customer-service orientated‚ to focusing on generating more profit by cutting costs. They did not consider the impact this move would have on their customers and their market share. It produced negative results. The Internal Environment was affected in the following ways: Insufficient skills or training in the call centre‚ resulted in slower turn-around time to resolve or react to customer queries. The uncertain
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The Kentucky Fried Chicken® was founded by Colonel Harland Sanders (born on September 9‚ 1890) at the age of sixty-five. KFC® is currently one of the largest businesses of the global food service industry and is widely known around the world as the face of Colonel Sanders. Every year‚ over a billion KFC® chicken dinners are served featuring the Colonel’s “finger lickin’ good” special recipe. The Colonel has spread his industry currently to more than eighty countries and territories globally
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Problems (Page 112) 3-1 to 3.7‚ 3-1 Greene Sisters has a DSO of 20 days. The company’s average daily sales are $20‚000. What is the level of its accounts receivable? Assume there are 365 days in a year. Answer: Day Sales Outstanding= Receivables / Average Sales per day AR = 20 X $20000 = $400‚000 3-2 Vigo vacations has an equity multiplier of 2.5.The company’s assets are financed assets with some combination of long-term debt and common equity. What is the company’s debt ratio? Answer:
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Individual Research Project VI Company Selection and Description General Electric Company‚ or GE‚ is an American multinational conglomerate corporation. GE is incorporated in Schenectady‚ New York and its headquarters are in Fairfield‚ Connecticut. The company operates through four segments: Energy‚ Technology Infrastructure‚ Capital Finance and Consumer & Industrial. GE was ranked the 6th largest firm in the U.S. by Fortune in 2011. The company operates in more than 150 countries and employs
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to be successful. A manager will find him or her being in several different hat throughout the company and dealing in several different areas in order to function. One of the most important function of a manager is to motivate his subordinates. Management work is done by people. So generally if employees are not satisfied‚ they will not perform efficiently which will affect the fulfilment of an organization’s goals. Employee satisfaction is utmost important in successful completion of work in an
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