Assignment 2: Lahari Edulla Chapter 2 Question #1 response: 2. How could a business use information technology to increase switching costs and lock in its customers and suppliers? Use business examples to support your answers. Answer Interest in information technology permits a business to lock its customers and suppliers and in addition different contenders by building profitable and advantageous new business association with them. Such relationship dissuades the gatherings from forsaking
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Nationalisation of Banks Despite the provisions‚ control and regulations of Reserve Bank of India‚ banks in India except the State Bank of India or SBI‚ continued to be owned and operated by private persons. By the 1960s‚ the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time‚ it had emerged as a large employer‚ and a debate had ensued about the nationalization of the banking industry. Indira Gandhi‚ then Prime Minister of India
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Part I: business writing steps • Analyze audience • Identify target audience 1. Store managers. 2. Store employees. 3. Retail customers and public. • Identify communication channels. 1. Oral and written • What message is intended to 1. Persuade‚ inform‚ or built goodwill. • Organize 1. The structure and format of the message. 2. Clear and concise communication. 3. Proofread message. 4. Deliver the message. • Follow-up and feedback 1. Was message
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Done by Mirmanova S.‚ 303 gr. Almaty 2014 A financial intermediary is a financial institution that connects surplus and deficit agents. The classic example of a financial intermediary is a bank that consolidates deposits and uses the funds to transform them into loans. Through the process of financial intermediation‚ certain assets or liabilities are transformed into different assets or liabilities. As such‚ financial intermediaries channel funds from people who have extra money or surplus
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was publicly owned and traded on the New York Stock Exchange under the ticker symbol MER. Merrill agreed to a purchase by Bank of America on September 14‚ 2008‚ at the height of the 2008 Financial Crisis. It ceased to exist as a separate entity in January 2009. The company was founded on January 6‚ 1914‚ when Charles E. Merrill opened his Charles E. Merrill & Co. for business at 7 Wall Street in New York City. A few months later‚ Merrill’s friend‚ Edmund C. Lynch‚ joined him‚ and in 1915 the name
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“To Be Or Not To Be Promoted?” 2 Evaluate the entire selection process for the position. Judge whether mistakes were made and discuss what could have been done differently. When I start evaluating the entire selection process‚ I have to start with the assessment process. The first thing that catches my attention is the fact that three of the four interviewers are men. As a woman interviewing for a job‚ I would be a little intimated being questioned by three men and one female. I would
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First process is problem recognition in which someone in the company recognizes a problem or need that can be met by acquiring a good or service. It can result from internal (a machine break down and need new parts) and external stimuli (buyer receive a call from a salesperson who offers a better machine or a lower price). Next stage is general need description in which a buyer describes the general characteristics and quantity of a needed item. An example‚ for complex items‚ the buyer needs to work
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to create‚ store‚ share‚ and use the organization’s experience and knowledge? a. TPS (transaction processing system) b. MIS (management information system) c. DSS (decision support system) d. KMS (knowledge management system) System users‚ business managers‚ and information systems professionals must work together to build a successful information system. 6. What involves creating or acquiring the various system components (hardware‚ software‚ databases‚ etc.) defined in the design step
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Arab Business Etiquette vs. American Business Etiquette Business etiquette is very important‚ wherever you are in the world. It can make a huge difference to the success of your business and it can make or break a deal. Most businesspeople are familiar with the correct business etiquette when they are working in their own country‚ with someone who shares the same customs‚ language and culture‚ but cross-cultural business etiquette can be a big challenge. The differences between the ways in which
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Union Bank of Colombo PLC Analysis of Operating Activities Operating activities of a company can be mainly measured by its profitability indicators. Therefore in analyzing Union Bank’s operating performances‚ we have taken few financial balances and ratios and compared their progress during last few years as follows. Gross Income Rs. Millions | 2009 | 2010 | 2011 | 2012 | Interest Income | 1855.78 | 1771.98 | 2083.74 | 3444.41 | Other Income | 192.92 | 306.14 | 447.83 | 450.83 | Gross
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