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Organisational Planning tool
a) Opportunity cost refers cost calculated in terms of the next best alternative choice that is predetermined when a decision is made. In this case, the opportunity cost to Peckham Traders Ltd. in selecting to locate in Kazakhstan would be the inevitable opportunities that could be reaped if it located in South Korea (and vice versa).Subtract one mark for each error (but award according to the Own Figure Rule) grant maximum marks only if the candidate shows which of the two options is the best choice, i.e. South Korea.
definition of a model
QUESTION 1 (a) What is non-verbal communication? (b) Non-verbal communication is a complex process leading to misunderstanding and misinterpretation. Examine this statement
Explain about the term Lead Time. Lead Time: It is the time which takes the stock to reach through Re-order point to minimum stock level. This may be also described as th
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Question 1: (a) Describe why ‘control' is an important function for a manager. (b) Using relevant examples, contrast the three types of control namely feedforward, concurrent
Problem 1: Organisations are evolving as open systems today. They are being influenced by a lot of factors in the business environment. Consequently, managers will be required
Question 1: a) Explain how a business could carry out market research. b) Describe the difference between selling and marketing. c) Describe the 4 main international mark
(a) Explain the Communication Process Model and explain sequentially through the use of this model the various stages that can ensure effective business communication. (b) Expla
What are the features, advantages and disadvantages of sole proprietorship
QUESTION (a) Compare written and telephonic communication in terms of their media richness. (b) The integration of computers into electronic systems has dramatically increas
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