Answer:
Explanation:
Product vs Service Business
While it may seem to go against traditional thinking, in some ways there is very little difference between product based and service based companies. In actuality, both sell a product. The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells his skills as the primary product. In the service-based business, customers purchase the skills of a service provider or owner, such as a plumber or lawyer, This type of business has a strong emphasis on the client relationship and makes the customer's user experience very important. Product-based businesses, on the other hand, deliver physical products that are reasonably consistent in quality for each customer, making the customer experience fairly predictable.
Local or Global Consumer Markets
In general, when consumers are looking for new solutions they try to distinguish the different services/products of business and industry in the locality where they reside. As such, businesses need to target their product and service based businesses to the appropriate markets. Consumers located anywhere in the global market can purchase a product via the internet as long as they can have their purchase delivered locally and cost effectively. However, most service businesses can only provide services to customers within their local target market. For example, while a computer store can ship computers all over the world, a hairstylist will only attract clients within a reasonable driving distance from her home or business. As a result, businesses need to consider how their customer base will influence their marketing efforts.
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Answer:
Making decisions and taking actions to achieve a superior fit between the organization and its environment is. strategic management
What is strategic management?
a process that uses vision, goals and objectives, internal, and external analysis, and implementation levers that can be used to help formulate and implement strategy.
Gossip and rumor in an organization are part of the <u>Grapevine</u>, a type of <u>Informal</u> communication channel.
This is because a Grapevine is a form of an informal communication channel in a business organization. In this way, the information can be diffused from any level, either from bottom to top or top to bottom.
The information passed is usually in the form of gossip and rumor. It does not have official backing or formal approaches such as through emails of the business firm or signed and stamped letters.
Hence, in this case, it is concluded that the correct answer is Grapevine; and informal.
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Answer: Financial
Explanation:
During the process of buying assets with longer life span, such as stock trailers, most organizations make use of cash gotten during financial activities to foot the bills, while cash accrued during operational activities are rather used to buy assets with shorter life span. Generally during the time of investing there is always decrease in excess cash as to supplying cash for some other activities.
The use of long-term savings to earn a financial reward is called 12 years.