Markov Chain Model

Position: Chief Marketing Officer Education: * Bachelor of science in Marketing Functional Area: Marketing and Sales Responsibilities: Align customer’s needs with business, develop forecast, set price polices for each product segment, and monitor promotions and sales budget.

their clients choice theory, so they can identify any unmet needs and try to satisfy them.

2) It can show the market share of certain brands and it also collected periodic purchase data to show the frequency purchase behavior so that we can know the repetition purchase of each brand.

Budgeting systems turn managers’ perspectives forward and by looking to the future and planning, managers are able to anticipate and correct potential problems before they arise (Horngren, Foster & Datar, 2000). Through budgeting, management can plan ahead and maintain enough cash to pay creditors, to have adequate raw materials to meet production requirements, and to have sufficient finished goods to meet expected sales (Kieso, 2002).

A2a. Corrective Actions A budget is essential for a company to succeed. Without these budgets, it is very hard to be able to see where all

Adjusting the budget to reflect the current suppliers and labor requirements, for the certain amount of goods being produced. Using these number effectively can show if the company is under budgeted the volume the company is producing. It is very important to get a better understanding of variance to help in preparing and a successful budget.

This strategy is vital and attracts customers that have been loyal and meet the company vision of customer first. This strategy boosts sales in their industry.

Budgeting is a very important job for a manager of a healthcare facility. It is something you will use on a daily basis to help manage your financial and business operations. There are so many different budgets that we will use to help us decide important factor when it comes

The second step is to identify your customers. This is the area where information is gathered in their buying patterns, their customers, likes, and dislikes. It is essential to understand your customers. The company should comprehend the customer at each touch point. The company might also wish to use the essentials of advertising to create intermediaries on your demand chain and better connections with your station members and to remain in contact.

My role and function as a clinical mental health counselor are to promote and infused a holistic approach to my clients. As a Rehabilitation Specialist, I want to reproduce my clients back to society. As a mental health profession, I look at each person rather than a client perspective. Holistically,

Thank you Simratpal Singh Marketing performance data: • The setting of ‘fair’ prices to consumers: the company should bear in mind that customers nowadays will shop around to compare the intended products and services. However for the business survival and growth purposes, the company should also maintain its profit margins to ensure its business growth and expansion. The company needs to consider its cost factors and business operation areas to reduce or minimise the costing areas.

| Budgeting| RJET Task 2| C.Smith-Barber4/16/2013| A1. Budget Concerns A fiscal document used to plan future revenue and expenditures is a called a budget (Murray, n.d.). The overall process of whether or not the company can continue to run with the projected revenue and expenditures is called budgeting (Murray, n.d.). It is valuable

Two barriers that students and parents face during the transition process are indecisiveness and unrealistic expectations. Many students do not know what they want to do after high school. Some students and/or parents or both, have unrealistic expectations on what they can be in life. However, it is important for educators to be optimistic and provide the student with the skills necessary to achieve their dream. If a student with an IQ of 75 wants to be a pilot, since he loves airplane’s so much, working loading the luggage onto airplanes could be an alternative occupation. The student would still be working with planes, but the requirements for this job maybe more suited to the student’s abilities and skills.

In conclusion, every major company in the world uses budgeting and there is a good reason for that. It is an important component of financial success. Budgeting makes easier to achieve financial goals. It keeps track of all expenses and help to avoid crisis. It also helps companies to control their growth and provide them with realistic idea where business is going.

Keywords: project management, project success, project management skills, project management It is a strategic capability for organisations which allows them to link projects results to business goals. Hence, allowing them to better compete in their markets. (PMI 2008)