1) "Information systems are revolutionizing the way businesses function in the 21st century. " Do you agree or disagree with this statement? Provide evidence to support your position. (2 points) 2) Name three risks of developing a strategic role for information systems in a business. Explain one risk in more detail. (2 points) 3) Managers use information systems to help them make decisions that will improve their businesses. What three levels of information do managers need to make these decisions? Provide one example of how information systems can provide this data. (2 points)
Answers
1) I absolutely agree with the statement that information systems are revolutionizing the way businesses function in the 21st century.
This is evidenced by the fact that businesses in all industries are becoming increasingly reliant on technology to automate their processes and improve their efficiency. The use of information systems has led to improved communication, increased productivity, and better decision-making.
For example, companies can now use data analytics to gather information about their customers, which allows them to tailor their marketing efforts to specific demographics and increase their sales. In addition, the use of cloud computing has made it easier for businesses to store and access their data, regardless of where they are located.
2) The three risks of developing a strategic role for information systems in a business are: security breaches, system failures, and cost overruns.
One risk that deserves more attention is security breaches, as they can result in significant losses for a company in terms of revenue, reputation, and customer trust. Hackers are becoming increasingly sophisticated in their attacks, and it is often difficult for businesses to keep up with the latest security measures. To mitigate this risk, companies must invest in robust cybersecurity measures, such as firewalls, encryption, and employee training. They should also have a crisis management plan in place to respond quickly to any security breaches.
3) Managers need information at three levels to make decisions: operational, tactical, and strategic.
Operational information pertains to day-to-day activities, such as sales figures and inventory levels. Tactical information is focused on medium-term planning, such as budgeting and resource allocation. Strategic information relates to long-term goals, such as market trends and competition. Information systems can provide this data by generating reports, analyzing data, and providing real-time updates.
For example, a company can use a customer relationship management system to track customer interactions and purchase history, which can provide valuable insights into customer behavior and help managers make decisions about product development and marketing strategies.
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Related Questions
Your brother has asked you to help him with choosing an investment. He has $5,000 to invest today for a period of two years. You identify a bank term deposit that pays an interest rate of 4.25 percent with the interest being paid quarterly. What will be the value of the investment in two years?
Answers
How to Apply the Rule of 72. According to the Rule of 72, $1 invested at a 10% yearly constant interest rate would increase to $2 after 7.2 years ((72/10) = 7.2). In reality, a 10% investment will double in 7.3 years ((1.107.3 = 2)).
How much entertainment, compounded annually, would it take to double a fund in six years?You may also calculate it backwards: divide 6 by 72 to get that a hobby charge of roughly 12 percent will be needed if you want to quadruple your money in six years.
What hobby costs how much per year if you want to double your money in three years?How to Apply the Rule of 72. For instance, the Rule of 72 stipulates If you want to double your money in three years, your investments must provide annual returns of between 21% and 24% (72/3 years). Similar to this, if you want to double your money in five years, your assets must grow at a rate of about 14.4% per year (72/5).
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Which of the suggestions do NOT rely on the support of a parent or guardian?
Answers
Answer:
- Chipping away at student loans or getting a secured credit card.
Explanation:
The suggestion that does not depend on the support of a parent or guardian would be 'chipping away at the student loans or getting a secured credit card' as it lays the responsibility on the shoulders of the student which does not require parents' backing. The supportive parents always tend to offer every possible opportunity to their child upto the extent they can afford to provide a better experience and future to their kid.
Credit card is the facility to expend without having the actual money. Chipping the student loans or getting credit card is the correct option.
What is a credit card?It is the facilities provided by the bank or companies which allow people to make expenditure without having actual money in their account, but is required to be paid after month.
The suggestion not depended on support of parents is to break the student loans or get a secured credit card, as the following act will make a student responsible for their actions. Although a supportive parent, always try to offer the best opportunities or facilities they could afford for their children.
The above explanations aptly describes the statements.
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Since there are mudslides within Pismo Beach along the Pacific Coast Highway during your drive from Los Angeles to San Francisco, you head north on I-5 to reach San Francisco. Although the odds of a mudslide being substantially reduce, higher traffic on I-5 increases the risk of a motor vehicle accident. Since risk is always present, which of the following condition is taking place?
A. Denying the risk
B. Sharing the risk
C. Avoiding risk altogether
D. Accepting the risk
Answers
The condition that is present is one where you are D. accepting the risk.
Accepting risk means that one knows that there is a certain amount of risk in doing something and instead of avoiding it, finds a way to deal with the situation regardless of the risk involved.
This is more likely when the risk of something happening is always present such that the activity is hard to avoid.
The subject in this scenario has accepted that there will be risk in being involved in a motor vehicle accident by taking the I-5 but still decides to take the road anyway instead of avoiding it because they believe that they will find a way to avoid the accidents.
They are therefore accepting risk.
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Harriet Kirby, a fund raising manager at a women's rights organization, experienced a bad incident last year with the public relations manager of a banking company who had committed to sponsor a charity event. The bank backed out at the last minute. This year, when a renowned international bank executive showed interest in sponsoring the organization's upcoming annual event, Kirby rejected their participation. She felt that banks have a casual approach toward charity events and it is risky to involve them in the event. Which of the following best characterizes Kirby's decision?
A) selective perception
B) cognitive dissonance
C) self-serving bias
D) bandwagon effect
E) self-fulfilling prophecy
Answers
Answer:
A
Explanation:
selective perception is a form of bias when new information is interpreted in a way that conforms to existing values and beliefs.
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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If consumers view cappuccinos and lattés as substitutes, what would happen to the equilibrium price and quantity of lattés if the price of cappuccinos rises?.
Answers
If consumers view cappuccinos and lattés as substitutes, the equilibrium price and quantity would decrease if the price of cappuccinos rises.
In economics, the concept of equilibrium can be used to determine market stability. At this point, neither the buyer nor the seller wishes to deviate from their respective consumption and production points.
In economics, substitute goods are those types of goods that may be used place of one another. As a result, as the cost of a substitute good rises, so does demand for the original good, causing both the equilibrium price and quantity to rise.
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Question 5
2 pts
Shanda wants to buy her grandmother's car to drive back and forth to college next year. Her
grandmother agrees to sell Shaunda the car for $1,200 in a year. This is an example of what
type of goal?
O long-term
O short-term
medium-term
O financial-term
Answers
Answer:
financial and medium term
Explanation:
financial term and medium term
name 3 elastic materials .
Answers
Answer:
rubber ,nitrile rubber ,urethane rubber
Answer:
rubber, plastic, and ethylene vinyl
Explanation:
google it.
only old people who needs to know about Social Security
Answers
Answer:
No
Explanation:
Answer:
Explanation:
Falsemundo
gretchen is preparing a sales presentation for the executive team. what organizational structure is she most likely to use?
Answers
She is most likely to employ the organizational structure of problem to solution. As a result, choice D is right.
What is an organizational structure?An organizational structure outlines how tasks are assigned, coordinated, and overseen in order to achieve organizational objectives.
The basis upon which standard operating procedures and routines are built is provided by organizational structure. It decides who gets to take part in what decision-making procedures and how much their opinions influence the organization's activities.
The lens or perspective that people use to perceive their organization and its surroundings is known as the organizational structure. Depending on its goals, an organization can be set up in many different ways.
The organizational structure will dictate how an organization performs and runs.
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Sandra has decided to save $250 monthly into her RRSP investment account brginning today. The RRSP Investment account pays 10% interest, compounded semi-annually. How much would she have accumulated after 4 years (assume her last contribution is 1 month prior to 4 years from today)? Enter your answer correct to 2 decimal places. Do not enter the $ sign.
Answers
Sandra would have accumulated amount approximately $15,317.80 after 4 years.
To calculate the amount Sandra would have accumulated after 4 years, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = Accumulated amount
P = Initial investment or monthly contribution
r = Annual interest rate (in decimal form)
n = Number of compounding periods per year
t = Number of years
In this case, Sandra is saving $250 monthly, so her initial investment or monthly contribution (P) is $250. The annual interest rate (r) is 10%, which is equivalent to 0.10 in decimal form. The interest is compounded semi-annually, so the compounding periods per year (n) is 2. The time period (t) is 4 years.
Substituting these values into the formula, we get:
A = 250(1 + 0.10/2)^(2*4)
A = 250(1 + 0.05)^8
A = 250(1.05)^8
A ≈ 250(1.4071)
A ≈ 350.775
Therefore, Sandra would have accumulated approximately $15,317.80 after 4 years.
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why all choices are economic choices?
Answers
Answer:
All choices are economic choices because with every choice we make, we are (sometimes subconsciously) analyzing the costs and benefits of our options. Our choices are guided by self-interest and every choice we make involves some kind of cost, whether it be time or money or something else.
explain the social and psychological factors that influence the buying patterns of customers in business
Answers
Answer:
There are four psychological factors that influence consumer behaviour: Motivation, perception, learning, and attitude or belief system. Motivation speaks to the internal needs of the consumer.
Explanation:
When the ________ is less than the yield to maturity, the bond sells at a/the ________ the par value.
Answers
According to financial management, when the coupon rate is less than the yield to maturity, the bond sells at a discount to the par value.
This is because the yield to maturity is a financial term used to describe the bondholder's return on the bond if held to maturity.
Therefore, should the coupon rate be less than the yield to maturity, the bond would be sold at a discount to the par value.
Hence, in this case, it is concluded that the correct answer is "coupon rate: discount to" respectively.
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How did the Voting Rights Act influence the use of gerrymandering quizlet?
Answers
The Voting Rights Act has been construed by states to suggest that it is occasionally essential to create districts that benefit minorities, such as North Carolina's 12th Congressional District.
How has the Voting Rights Act of 1965 impacted redistricting?Voting techniques and procedures that discriminate on the basis of race, color, or membership in a language minority group are outlawed nationally under Section 2 of the Voting Rights Act. This restriction includes redistricting plans.
The results of state and House of Representatives elections have an impact on the presidential election due to gerrymandering. Since districts are irrelevant in presidential and senate contests, they are unaffected.Districts governed by historically marginalized people are aided through gerrymandering.
The manipulation could take the form of "cracking," which involves spreading out the supporters of the opposing party across several districts, or "packing," which involves concentrating the followers of the opposing party in one district in order to lessen their influence in other districts. Additionally, incumbents may benefit from gerrymandering.
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much trade at the united states-mexico border is handled group of answer choices by ocean. by trucks loading and unloading in mexican border towns. involving trucks not regulated by weight, length, and other equipment standards. on a dat basis. by small-package carriers, such as ups and fedex.
Answers
Much trade at the United States-Mexico border is handled on a DAT basis.
What is DAT?
DAT stands for “Delivered at Terminal” (DAT) and is a trade term that specifies that the seller is in charge of delivering the goods to a particular destination, as well as unloading them. The buyer is responsible for all transportation costs from that point forward, as well as for all risks associated with transporting the goods to their final destination. DAT is used for delivery to a terminal or a place where the carrier can unload the goods. As a result, this mode of transport is ideal for shipping containerized goods or large consignments by land.
Much of the trade at the United States-Mexico border is handled on a DAT basis. DAT is a method of shipping that has grown in popularity in recent years. Many of the trucking companies operating at the border are involved in transporting goods on a DAT basis, with Mexican trucking firms delivering goods to U.S. terminals.
The advantage of DAT is that it allows for the timely delivery of goods, especially those that are time-sensitive. It is also more affordable than other modes of transport, such as air freight. Additionally, it is ideal for shipping large volumes of goods, as the transportation costs per unit are typically lower than those for smaller volumes.
Trucks loading and unloading in Mexican border towns, involving trucks not regulated by weight, length, and other equipment standards is not a common method of trade at the United States-Mexico border. Similarly, much trade at the United States-Mexico border is not handled by small-package carriers such as UPS and FedEx.
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sandra love, a tennis pro, enters into a contract to sell her tennis racket. this sale is governed by:
Answers
The sale of Sandra Love's tennis racket is governed by the terms of the contract she entered into. The contract should specify the terms and conditions of the sale, such as the purchase price, any warranties or guarantees
The contract may also specify which state or jurisdiction's laws will govern the transaction. In addition, depending on the nature of the sale, there may be additional laws or regulations that apply, such as consumer protection laws or regulations specific to the sale of sporting goods.
It is important for both parties to carefully review and understand the terms of the contract before proceeding with the sale.
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Q3. Which of the following is the relation that the law of demand defines?
a) Income and price of a commodity
b) Price and quantity of a commodity
c) Income and quantity demanded
d) Quantity demanded and quantity supplied
Answers
Answer:
price and quantity demanded
Explanation:
law of demand sates that their exist a inverse relationship between the price of the commodity and the quantity of the commodity that will be demanded that means if the price is low then the quantity demanded by the customers will be high and if the price of the commodity is high or we can say the product price is high then the quantity demand by the customers or consumers will be less.
suppose there are two pens of price ten and twenty then the pen of price ten will be in more demand as compared to twenty and the pen which is of price of twenty will be demanded less in the market by the customers or the consumers
summer vacation rentals, inc. pays a constant annual dividend of $1.21 per share. how much are you willing to pay for one share if you require a rate of return of 9.3 percent? group of answer choices $13.90 $14.72 $1.39 $13.01 $6.50
Answers
In order to calculate the price you are willing to pay for one share of Summer Vacation Rentals, Inc., we can use the dividend discount model (DDM). The DDM is a method that values a stock by the present value of its future dividends.
Given that the constant annual dividend is $1.21 per share and the required rate of return is 9.3 percent, we can substitute these values into the formula: Present Value of Dividend = $1.21 / (1 + 0.093)
Simplifying this expression, we have: Present Value of Dividend = $1.21 / 1.093
Since the DDM values a stock based on the present value of its future dividends, the price you would be willing to pay for one share of Summer Vacation Rentals, Inc. is equal to the present value of the expected dividend.
Therefore, the answer is $1.107.
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Before sending a résumé, you should always checked with the employer to see what operating system they use.
•T
•F
Answers
Answer:
The answer is true!
Explanation:
Edge2021
Before sending a resume, you should always check with the employer to see what operating system they use, is the true statement.
What is operating system?The operating system of the computer controls all of the hardware and software. It carries out fundamental operations including managing input and output, managing files, memory, and processes, as well as managing peripherals like disk drives and printers.
An operating system is a group of software applications that controls how computer hardware and software operate. Communication between people and machines serves as a bridge. Windows, Linux, BOSS, and other operating systems are a few examples.
Some examples of operating systems that let users run applications like Microsoft Office, Notepad, and games on a computer or mobile device are Windows, Linux, and Android.
Thus, it is the true statement.
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praxis if the firm's labor cost is $20 per worker per hour and the firm sells its output for $5 per unit, how many workers should the firm hire to maximize profit? 1
Answers
Assuming the association's work cost is $20 per laborer each hour and the firm sells its result for $5 per unit the firm shopuld enlist 3 workers.
To boost benefit, a firm ought to employ laborers up to the place where the negligible expense of work is equivalent to the peripheral income produced from selling an extra unit of result. All in all, the firm ought to recruit laborers until the expense of creating an additional unit of result approaches the income acquired from selling that unit.
The ideal number of laborers not entirely set in stone by finding where the peripheral expense of work approaches the negligible income from selling an extra unit. This point addresses the greatest benefit.
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Your question is incomplete, probably the question should contain the below list-
How does "FOMO" impact one's ability to save money for short- or long-term goals?
Answers
Answer:
FOMO makes you want and do what others have meaning you will make decisions based of that.
What is one way to achieve financial well-being?
Answers
Answer:
There are many ways to achieve financial well-being. Here is one way:
**Create a budget and stick to it.** A budget is a plan for how you will spend your money each month. It helps you track your income and expenses, so you can see where your money is going and make sure you are not spending more than you earn. There are many different budgeting methods, so find one that works for you and stick to it.
**Pay off debt.** Debt can be a major financial burden, so it is important to pay it off as quickly as possible. Start by making a list of all your debts, including the amount you owe, the interest rate, and the minimum payment due. Then, focus on paying off the debt with the highest interest rate first. Once that debt is paid off, move on to the next one.
**Save for emergencies.** It is important to have a rainy day fund in case of unexpected expenses, such as a job loss, medical emergency, or car repair. Aim to save enough money to cover at least 3-6 months of expenses.
**Invest for retirement.** Retirement can be expensive, so it is important to start saving for it early. There are many different ways to invest for retirement, so talk to a financial advisor to find the best option for you.
**Live below your means.** This means spending less money than you earn. It can be difficult to do, but it is important to make sacrifices in order to reach your financial goals.
**Get out of debt.** If you are in debt, it is important to get out of it as quickly as possible. There are many different ways to get out of debt, so talk to a financial advisor to find the best option for you.
**Save for your future.** It is important to save for your future, whether it is for retirement, a down payment on a house, or your child's education. There are many different ways to save for your future, so talk to a financial advisor to find the best option for you.
**Get financial advice.** If you are not sure how to achieve financial well-being, it is a good idea to get financial advice from a qualified professional. A financial advisor can help you create a budget, pay off debt, save for your future, and make other financial decisions.
Explanation:
Similarity between modern distillery and wine shop
Answers
Answer:
Explanation:
The process of brewing wine in traditional wine shops and modern distilleries differ in certain aspects and at the same time are similar in certain aspects. While the overall process would be similar, if looked into the more intricate details it will be different. Speaking about the similarities, in both of the processes, wine is supposed to undergo fermentation. Next comes the ingredients.
an outline can help you organize your message by making sure that all of your main points are well developed.
Answers
It holds completely appropriate and factually correct to mention that messages can be organized by an outline, as it makes sure that all the main points on the messages have been well-developed. Therefore, the statement given above holds true.
An outline can be referred to or considered as the literary tool that helps in sequential organization of the composition in such a manner that the work of the author becomes more presentable and appealing to be read. It is generally in relation to the draft of the composition, before the final composition is actually finalized by the author.
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HELP! 40 points! MERRY ALMOST CHRISTMAS! ☃️
Answers
Answer:
What is Money received regularly for work or through investments? Income
What is the term for an individual, who conceives of, establishes, operates, and the risks of a business?entrepreneur
What is a business cost that increases or decreases, such as labor? Variable cost
What is Money earned per hour, can include overtime?Wages
What is a business cost that remains the same, such as rent?Fixed cost
What are Usually given to full-time employees, can include health insurance, life in paid vacation? Benefits
What is money earned yearly (but usually paid weekly or monthly), can include bonuses?Salary
What is Total pay or earnings before any deductions have been taken?Gross income
Strictly speaking, pure competition is relatively rare. Then why do we study it? a. It is the most common type of global industry structure. b. It is the only industry structure in which price equals marginal cost c. It produces ideal results in terms of low-cost production and allocative efficiency, which can be used as a basis of comparison d. It is the most prevalent industry structure in the United States
Answers
The reason why we study pure competition, even though it is relatively rare, is because "It produces ideal results in terms of low-cost production and allocative efficiency, which can be used as a basis of comparison". Thus, Option C is correct.
By studying pure competition, we can understand the ideal conditions for a competitive market and use it as a benchmark to compare with real-world markets. This allows us to analyze the efficiency and effectiveness of different market structures and make decisions about how to improve them.
Additionally, studying pure competition can help us understand the role of supply and demand in determining prices and the impact of competition on businesses and consumers.
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Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve. Shift of the demand curve Movement along the demand curve Answer Bank 1. College students purchase many more energy drinks during finals week than during ther of the semester 2. College students reduce how much detergent they use for each load of laundry in response to higher detergent prices, 3. Students et out more often as the federal government increases how much grant money it provides students
Answers
Shift in the Demand Curve: College students buy a lot more caffeinated beverages during last week than they do the remainder of the semester; as the national govt grows, students dine out more frequently.
Demand? What do you mean?Desire is the user's decision to purchase a certain good or service. The desire for a specific good on the market is known as market demand. The entire demand for commodities and services inside the business is known as aggregate demand. The degree to which supply and demand are balanced determines how much a good or service will cost. recognising the idea of demand.
What is an example of full demand?For businesses, the ideal situation is full demand, where supply and demand are balanced. This indicates that consumers are spending money at the same rate as producers.
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The AICPA Code of Professional Conduct. Why is an auditor's independence so essential? How does the Certified Public Accountant's need for independence differ from that of other professions? Provide two examples from current events where independence was an issue in an audit of a public company.
In your response posts, discuss how the auditor's independence, or lack thereof, contributed to the outcome of the audit in the examples provided by your peers.
Support your initial post and response posts with scholarly sources cited in APA style.
Answers
The AICPA Code of Professional Conduct establishes ethical requirements for Certified Public Accountants (CPAs) in the United States. Independence is one of the most critical elements of the code, and it is essential for maintaining public trust in the auditing profession.
Auditors must remain independent of their clients to avoid any potential conflicts of interest that could compromise their judgment or objectivity.
The need for independence is particularly crucial in auditing because auditors are responsible for providing an unbiased evaluation of a company's financial statements. Without independence, an auditor may be more likely to overlook material misstatements or fail to raise concerns about fraudulent activity. This could ultimately lead to incorrect financial reporting, misleading investors, and compromising the overall integrity of the financial system.
Compared to other professions, CPAs require a higher level of independence due to the nature of their work. Lawyers, doctors, and other professionals have client-centered practices where they represent the interests of their clients. On the other hand, CPAs perform audits that provide an objective assessment of their clients' financial statements. Therefore, they cannot represent their clients but must instead remain impartial and serve the public interest.
Two recent examples of independence issues in audit engagements are KPMG's handling of Carillion and Deloitte's audit of Autonomy Corporation. In 2018, the construction firm Carillion collapsed after years of financial mismanagement. KPMG was Carillion's auditor, and questions were raised about the independence of the audit team since KPMG had also provided consulting services to the company. The UK Financial Reporting Council launched an investigation into KPMG's audit of Carillion, which found shortcomings in the way KPMG conducted its audits.
In another example, Deloitte was the auditor of a software company called Autonomy Corporation, which was acquired by Hewlett-Packard (HP). HP later accused Autonomy of inflating its financials, leading to significant losses for HP. Deloitte faced accusations of failing to identify the accounting irregularities at Autonomy and was subsequently sued by HP for $5.1 billion.
The lack of independence in both these cases may have contributed to the outcome of the audits. The auditors' professional judgment and objectivity might have been compromised due to their relationships with the companies they were auditing or their reliance on non-audit services provided to those companies. Ultimately, these cases highlight the importance of independence in maintaining public trust in the auditing profession and ensuring that audits provide an accurate and unbiased assessment of a company's financial statements.
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What should a company consider when choosing a celebrity to endorse its products? Explain.
Answers
Answer:
Explanation:
Celebrity endorsement on a product is vital in increasing brand recognition and having more customers and improvement in sales. Some of the things that should be considered when choosing a celebrity for endorsement of a product include:
1. Identification of their interest: It's vital for the celebrity to have thesame interest with the product to be endorsed. The brand should share the celebrities passion.
2. Their audience engagement should also be considered. It is vital to have celebrities that have a strong followership and large fanbase. This will help in driving ones sales.
3. Celebrities that are controversial and have negative history should be avoided. This can have a negative impact on ones product. For example, using a celebrity that is known to be a drug addict or have a vile lifestyle.