A trade surplus is C) the result of exporting more goods than it imports
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Answer:
The right answer is, False.
Explanation:
Nowadays companies seek to improve the attitudes, knowledge and skills of their employees, through training activities so that everyone works synergistically in achieving the objectives of organizations.
Answer:
(a) Stakeholder approach
Explanation:
A stakeholder approach is the practice that managers formulate and implement processes that satisfy stakeholders' needs to ensure long-term success. According to the degree of participation of the different groups, the company can take advantage of market imperfections to create valuable opportunities.
Answer:
The correct answer is B) Buyer Intentions Method also known as <em>Consumers' Buyer Plan.</em>
Explanation:
This plan involves approaching customers to elicit information from them about their likelihood to make purchases during a particular period. It is most effective when the number of customers is small relative to the ability of the business to reach out to them.
A sales forecast based on this method has several demerits such as:
- The customers may change their minds anytime without consultation with the business
- It is an uneconomical way to do a forecast when the client base is large
- Predicting sales over the long-run using this method is statistically impossible
It has a few merits in that the information is obtained first hand from the consumers or buyer and the real intentions of the buyers at the time of collecting information is known.
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