The 7 essentials of business communication There are many ways to communicate‚ but for it to be effective the message must be given and understood clearly. There are many varieties of communicating e.g. * One way communication from sender to receiver. * two way communication from sender to receiver‚ receiver feeding back to sender‚ consists of meetings and interviews etc‚ * Informal communication is casual meetings and party’s etc. * Open communication which requires no specialist
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Assignment in OFAD 75 Submitted by: Joanna B. Hercia Year & Section: BSOA 1-3 Submitted to: Mrs. Jo-Anne Nuestro Essential Parts of a Business Letter 1. Heading The heading is the return address of the sender. Many companies use letterhead paper which displays their address and the logo; if you do not use letterhead paper‚ write the sender’s address just below the date. 2. Date Include the date that you have written or sent the letter just below the letterhead‚ or above the
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Business Communication Essentials‚ 6e (Bovee/Thill) Chapter 1 Understanding Business Communication in Today’s Workplace 1) Which of the following is true about the importance of effective communication to your career and to the companies where you will work? A) Communication is important for most jobs‚ except technical jobs such as engineering or finance. B) The higher you rise in your organization‚ the more time you spend using the technical skills of your profession‚ and the less time you
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NMIMS Global Access School for Continuing Education (NGA-SCE) Course: Business Economics SEM – I 1. Calculate Elasticity in the following cases: a) Assume that a business firm sells a product at the price of Rs 500. The firm has decided to reduce the price of the product to Rs 400. Consequently‚ the demand for the product is raised from 20‚000 units to 25‚000 units. Calculate the price elasticity of demand. ANSWER A: PRICE ELASTICITY OF DEMAND: MEANING: Price elasticity of demand
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$500‚000 x 14% = $70‚000 Explicit Costs: What is paid for products/services = $80‚000 Total Economic Costs: Implicit Costs + Explicit Costs = $70‚000 + $80‚000 = $150‚000 b) Economic Profit: Total Revenues – Total Economic Cost = $175‚000 - $150‚000 = $25‚000 c) Accounting Profit: Total Revenues – Explicit Costs = $175‚000 - $80‚000 = $95‚000 d) New Implicit Costs = $500‚000 x 20% = $100‚000 Economic Profit: $175‚000 – ($100‚000 + $80‚000) = $ (5‚000) Chapter Two Technical Problem 1 Qd
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ALLAMA IQBAL OPEN UNIVERSITY ISLAMABAD (Department of Business Administration) *** BUSINESS MATHEMATICS AND STATISTICS (MBA-5528) CHECKLIST SEMESTER: AUTUMN 2010 This packet comprises the following material: 1. Text books (two) 2. Course outline 3. Assignment No.1 & 2 4. Assignment forms (2 sets) In this packet‚ if you find anything missing out of the above mentioned material‚ please contact at the address given below: Deputy Registrar (Mailing) Services Block # 28 Allama
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ECO1ISB Introductory Statistics for Business Assignment 2: Inferential Statistics |Hand out: |Week 7 | |Hand in : |Week 11 | 1. [8 marks] What are parameters and statistics (or estimates)? List two of the parameters and their corresponding statistics that were covered
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of the value gives an actual quantity that can mean “how much”‚ or “how many”. Whereas qualitative means we are simply recording into which of the categories the element falls. (Bowerman‚ O’Connell‚ Murphree‚ Orris‚ J. B. (2012). Essentials of Business Statistics 4th ed.). A. The dollar amount on an accounts receivable invoice. This would be quantitative‚ because it is showing the actual dollar amount and is not grouping it into different categories. B. The net profit for a company
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1A) What is the definition of opportunity cost? The best alternative that we forgo‚ or give up‚ when we make a choice or a decision is called the opportunity cost of that decision. 1B) Eason wants to spend $15 to buy a pack of sandwiches or a bowl of fish-ball noodles form a street hawker. Explain the effect on Eason’s opportunity cost of buying the sandwiches if a cockroach is found inside the noodle soup. Eason’s opportunity cost of buying the sandwiches is a bowl of fish-ball noodles‚ however
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The purpose of this essay is to analyse the performance of Barratt Developments PLC as an example of any organisation in terms of business‚ economic and management concepts. One of the most important and influential elements of the business environment is the structure of the industry. How a firm performs depends on the state of its particular industry and the amount of competition it faces. (Book) To describe the characteristics of the modern construction industry we should look at the nature of
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