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Ganezh [65]
2 years ago
9

1. How is GE changing its business strategy and business model? What is the role of information technology in GE’s business? 2.

On what business functions and level of decision-making is GE focusing? 3. Describe three kinds of decisions that can be supported using Predix. What is the value to the firm of each of those decisions? Explain. 4. To what extent is GE becoming a software company? Explain your answer.
Business
1 answer:
NemiM [27]2 years ago
3 0

Answer:

See explanation section.

Explanation:

Requirement 1

General Electric (GE) is always helping people with a variety of modern technology. Therefore, its main aim is to focus on technology that assists the world with a faster data collection medium. The company is converting its business towards technology. With the help of Jet engines and oil-refining material, it can generate electric power. The cloud-based software changed the whole company. Now, the company is monitoring only about technology to become a successful software servicing company.

Requirement 2

As the future of the world is getting modernized, General Electric company is focusing on software and the Internet of Things. GE is trying to take its customers base from traditional on-site manufacturing to digital software-based operations. The launch of sensor-generating data has revolutionized the success. Using cloud-based data make the company more productive and reliable. The overall thinking towards the future is superlative.

Requirement 3

General Electric company launched Predix in 2015 to accumulate data. The three decisions to use Predix are -

1. As Predix can operate on each cloud infrastructure, it can provide sensor and analyze the data quite quickly.

2. Since Predix is a high standard cloud-based protocol, it enables customers to join quickly to the mechanical market.

3. With the help of Predix, each customer can adjust the size and range of the current levels of use to understand their requirements.

Requirement 4

People like to use from all over the world, General Electric (GE) equipment. They also like to mix that equipment with other companies' equipment to produce a high-qualified machine. As people are using more GE equipment with others, it is discussing the customers to handle the GE related equipment for a permanent basis. Therefore, it is becoming a software company.

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Answer:

$512.5

Explanation:

$300,000 / 30 years

= $10,000

$10,000 * 5.125%

= $512.5

7 0
2 years ago
Brenda is a purchasing agent for Commodities Exchange Corporation. Dennis, a Commodities corporate officer, gives Brenda written
son4ous [18]

Answer:

Yes, the firm Commodities Exchange Corporation is liable to E-products Inc. as it has entered into a contract with Brenda who had written authority to buy on behalf of the firm.

Explanation:

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4 0
2 years ago
Which of the following statements is not correct?
arlik [135]

Answer:

d. The cash budget must be prepared prior to the sales budget because managers want to know the expected cash collections on sales made to customers in prior periods before projecting sales for the current period.

Explanation:

  • From the statements the cash budget must be prepared in advance to the sales budget is not corrects. As the sales budget is prepared first and it establishes a format for the budget that is critical for the company successes and it thus consists of the different elements that depend in how a business is organized.
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Which of the following circumstances must be present for departmental overhead allocation to be favored over a traditional overh
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Answer:

B. Each​ product, or​ job, uses the department to a different extent.

Explanation:

Departmental overhead rates uses a standard charge that is based on produced units attributed to a department.

Costs are applied with high precision.

When this model is used, the standard rate is multiplied by the number of units produced in the department, so there is no over allocation of resources.

For example if we consider the hours a machine operates. With a standard rate of $10 per hour, machine operation of 6 hours will give $10* 6 hours= $60

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spayn [35]

Answer: The options are given below:

A) Dogs

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D) Cash cows

The correct option is D. Cash cows.

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