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What are some examples of value-added activities compared to non-value-added activities in a business process?
Value-added activities in a business process are those that directly contribute to the creation of a product or service that customers are willing to pay for. Examples include designing a product, assembling components, and providing customer service. Non-value-added activities, on the other hand, do not add value to the final product or service and should be minimized or eliminated. Examples include waiting time, unnecessary paperwork, and rework due to errors.
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What is the difference between a corporation and an MNC?
A corporation is a legal entity that can engage in business activities, issue stock, and protect its owners from personal liability. A multinational corporation (MNC), on the other hand, is a specific type of corporation that operates in multiple countries, managing production or delivering services across international borders. While all MNCs are corporations, not all corporations are MNCs, as many operate solely within a single country. The key distinction lies in the global reach and operations of an MNC compared to a domestic corporation.
How unhealthy employees cost an organization?
if the core competency or the baby boomers of the organization are not effective then they would pose hindrances to business growth. One should not forget that there is something called opportunity cost in business. The cost of opportunities foregone for making a decision regarding business is related to cost of task not undertaken. It can be compared with Go error and Drop Error which says that if you drop a favorable concept, it would harm your business and if you take up a wrong idea that would also be an error. SO as we see that if core competency is lacking then it may lead to unwanted opportunity loss for the organization on the whole. The ROI is bound to be low in such case.
What is the difference between a project coordinator and a project manager?
A project coordinator typically assists the project manager by handling administrative tasks and coordinating project activities. A project manager, on the other hand, is responsible for overall project planning, execution, and delivery. The project manager has more authority and decision-making power compared to a project coordinator.
How can kfc's management be compared with fayol's principles?
all the 14 fayols principles in kfc
What are the key differences between a project expeditor and a project coordinator in terms of their roles and responsibilities within a project?
A project expeditor primarily focuses on monitoring and reporting project progress, while a project coordinator is more involved in coordinating tasks, resources, and communication among team members. Expeditors typically have less authority and decision-making power compared to coordinators, who play a more hands-on role in managing the project's day-to-day activities.
A person who started own business is called?
The entrepreneur
What is cumulative advantage?
A cumulative advantage is the totality of the advantage that the business has compared to competitors. This includes employees, intellectual property, and business processes.
What are the Benefits of Registering a Company in Canada?
Registering a company in Canada offers several benefits, including limited liability protection for business owners, access to government programs and funding, credibility with customers and suppliers, and potential tax advantages depending on the business structure. Additionally, a registered company can enter into contracts, open bank accounts, and engage in various business activities more easily compared to unregistered entities.
What are the styles of business letter?
Memos, complaints, and sales letters are all types of business letters. Business letter use formal salutations compared to other types of letters.
Is Qualitative factors more important in business decision making as compared to quantitative factors?
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How is international business broader in scope compared to international trade and international marketing?
According to BKD, "International Business is as broad as the roads in Delhi, and international trade and international marketing are those roads in Mizoram", He stated that International business includes all the activities across the international boundaries (governmental, Private, Logistics, investments, C.I.D, etc) whereas international trade and marketing includes only the trade activities like selling and purchasing of goods that are being under the trade restrictions. So international prostitutes cannot come under this. According to Obadia Vanramnghaka, "Zanghrot loa om ahrehom ati" which means international business means a lot to the nation.
Which type of helmet, a bike helmet or a climbing helmet, offers better protection for outdoor activities?
A climbing helmet offers better protection for outdoor activities compared to a bike helmet.
How do you use profit in a sentence?
The business's profit grew 35% compared to last years profit.
Why do business people prefer the Current Account?
as there are no transaction limits, deposit limits as compared to savings account
How much does Greg James earn a month?
He makes a competitive salary compared to everyone else in the business.
How did the industrial lead to the idea of communism?
workers were earning very little money compared to business owners?
Which type of boat, an oar boat or a paddle boat, is more suitable for leisurely activities on calm waters?
A paddle boat is more suitable for leisurely activities on calm waters compared to an oar boat.
