1. What is the ‘Marketing Mix’ and why is it important? The marketing mix is defined as the set of controllable marketing variables that the company blends to produce the response it wants in the target market. The marketing consists of the four P’s which are product‚ price‚ place and promotion. The product is something that satisfies the customers need. Marketers need to know about their product so that they can market to their target customer. Price is the amount of money that the customer
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What’s one thing you are most proud of? “You can get what you want or you just get old” I don’t know where I get this quote but it’s haunting me You know what you really want and please notice passion won’t stay forever My dream is only traveling‚ to anywhere new to see my beautiful country with my limited years You will think I’m a dreamer‚ and yes I’m a dreamer When I was a kid‚ my family has a big picture of Uncle Ho. I’m so proud of this I told myself one day I will come to Hanoi capital to visit
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Chaper 3. Statistical Process Control According to the book “Operations Management” by Russell and Taylor‚ Statistical Process Control (SPC) is defined as a statistical procedure that monitors the production process by detecting and preventing poor quality using various control charts and statistical tools. And the book also emphasizes on the importance of comprehensive training for employees in SPC to achieve its successful effect. (Taylor‚ B. & Rusell‚ R.‚ 2011) When working for Business Supporting
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Bayfield Mud Company case study 1. What is your Analysis of the bag-weight problem? Refer to the case‚ Quality control analysis for this case will be conducted via X-charts and R-charts. X-charts is to control the central tendency of the process‚ for this case we refer to the weight of 50-pound bags of treating agents R-charts is to control the dispersion of the process‚ for this case we refer to the range of weigh or difference between maximum weight and minimum weight of the bag. From the
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What are the four most important financial statements? Briefly describe each Much success in today’s business world is tied in with numbers in the form of accounting and financial statements. Being able to understand and properly read these statements is a critical component in truly knowing a business and properly assessing its overall financial performance. Financial reporting is the issuance of written documents in the form of the financial statements by the companies to the shareholders
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An organization is a social arrangement such as a club‚ society‚ union‚ business which has the main purpose to achieve performances through an organized environment. The people who are part of this organization they usually have in common a goal to achieve or are a part of a mechanism which under a certain control have to reach for a common goal. The managers are important because they are the leaders of the team and they are responsible for the good development‚environment‚the bound between
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Define control and discuss the control process and the importance of control in business organizations. * Define control Management process in which the (1) actual performance is compared with planned performance‚ (2) difference between the two is measured‚ (3) causes contributing to the difference are identified‚ and (4) corrective action is taken to eliminate or minimize the difference Control Process The control process is a continuous flow in Taj between measuring‚ comparing and action
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Once again I find myself in a daze in the most familiar place‚ ’The Crossroads of the World.’ With my feet planted to the ground‚ I stand tall in amazement. Surrounded by tourists on all the wrong time zones and people who make a living‚ dressed in what was once someone’s childhood hero. The enormous‚ impersonal crowds make crime and inappropriate behavior easy to hide. Bumping elbow to elbow‚ making it no accident to push their way through. Crowded streets and confused foreigners trying
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interference. So we have the right to talk about the government‚ the president and‚ whomever as long as it does not incite violence. But why do universities feel as if they could take away free speech from individuals? This is why free speech zones are a necessity and should be allowed on college campuses. Free speech zones are important because they allow us to exchange ideas‚ they allow us to make the school more conductive academically and socially Free speech zones are important because they allow
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coming up I believe it is important to be involved in the voting process. As young adults‚ we as juniors and seniors almost of age to vote really should in my opinion should be paying attention to the election more than they ever have. The reason for that is due to the fact that the U.S has one of the lowest voter turnout of any country in the world while the U.S in 2012 56% of voters turned out while some countries will get up to 95% voter turnout. The fact is people have been paying less and less
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