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An enterprise can maximize profit by communicating effectively with consumers through personalized marketing strategies that resonate with their needs and preferences. Utilizing data analytics to understand consumer behavior allows businesses to tailor their messaging and offers, fostering stronger connections. Additionally, engaging through multiple channels—such as social media, email, and customer service—ensures that communication is accessible and responsive. Lastly, actively seeking and incorporating consumer feedback can enhance brand loyalty and drive repeat purchases.
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Why do managers plan in organizations?
to effectively manage the workplace and maximise efficiency and profit
Is this true or false - A shortcoming of enterprise resource planning is its lack of support for global organizations?
False, the whole point of enterprise resource planning is to maximise profit for the enterprise while minimise cost to the enterprise. One socialy responsible way of minumising cost to the organisation is to do so in a way which benefits glabal organisations
What is meant of consumer equilibrium?
consumers ability to have equal choices Added: Where a consumer makes choices about how much of a number of goods they will consume to maximise their total satisfaction (Utility).
What is the prefix of maximise?
Maximise has no prefix, since imise is not a word, although max is a root of maximise, meaning to enlarge, or having to do with increase in size.
How do you spell maximise?
The US spelling is maximize, the UK spelling is maximise (to get the greatest value).
What is the definition of the word maximise?
The word 'maximise' means to get the most out of something. It might mean to make the most of an opportunity or give 100% effort in a certain task to maximise the reward.
Why should organization have objectives?
Organisation should have objectives because any business unit or enterprise are based on some guidelines. Objectives is necessary inorder to know what any business is upto. How they are regulated. Are they to satisfy want or just maximise profit.
What invention allowed british to more effectively defend against the German air attacks?
radar allowed the British to get their fighters in the air in the right place at the right time to maximise their opportunities to engage the Luftwaffe.
What are business objectives of Tesco?
Their core purpose is to create value for customers to earn their lifetime loyalty. Tesco's objectives are to increase sales, increase market share, to maximise sales, to grow and maintain the number one retail company in the UK, and Tesco wants to do better than their competitors and remain the market leader. The main aim of Tesco is to maximise profit and to provide goods/services that is cheap and affordable to consumers or the public.
Why do athletes use drugs?
to maximise performance
What are the main aims of asda?
To maximise their profit
What is objective of investment?
to maximise the wealth of the investors.
