IT-Business alignment is important because it makes for:
- Speed, Accuracy, and Responsiveness
- To achieve IT-Business alignment, the staff should be educated on the latest trends in IT. If possible, they should also be taught the best practices.
- IT-Business Alignment is difficult because of people's unwillingness to learn and incorperate the best practices in business and technology.
<h3>What is IT-Business Alignment?</h3>
IT-Business alignment refers to the synergy between information technology and business. Since the world is moving towards a technology-based society, responsive businesses are also incorperating this facet of life.
IT-Business alignment will help businesses to be more responsive.
Learn more about IT-Business alignment here:
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Answer:
$2,000 and it is favourable
Explanation:
Direct material quantity variance is defined as the efficiency with which materials are converted into products. It is calculated by multiplying standard price of material by the difference between standard quantity and actual quantity used.
Standard price (SP)= $2.50
Standard quantity (SQ)= 30,000 units
Actual quantity (AQ)= 29,200 units
Material quantity variance = SP * (SQ - AQ)
Material quantity variance= 2.50 * (30,000 - 29,200)
Material quantity variance= $2,000
Answer:
Product JB50= $8,874,800
Product JB60= $5,448,600
Total sales revenue= $14,323,400
Explanation:
Giving the following information:
Product JB 50 Product JB 60
Anticipated volume in units 403,400 201,800
Unit selling price $22 $27
<u>A sales budget reflects the revenues of the company based on the estimated sales volume. It includes sales discounts and allowances.</u>
<u>Sales budget:</u>
Product JB50= 403,400*22= $8,874,800
Product JB60= 201,800*27= $5,448,600
Total sales revenue= $14,323,400
Answer:
Pricing
Explanation:
4 ingredients of marketing mix are Pricing, Product, Place and Promotion(the 4Ps).
Pricing- is for determining the value that is put on a product including rebates. Deciding the correct intrinsic value of a product puts a lot of factors into consideration like the target market, the consumer willingness to pay, whether it is sufficient enough for the company to make a profit out of it.
Product - answers the <em>what</em>; the actually good or service being offered for sale.
Place- answers the <em>where; </em>the location of product so customers can buy it.
Promotion- any activities to inform the target market that the product exist, how to use it etc. this includes advertisement, word of mouth among others.
