First Session


 First session Business Communication. 

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Actividad 4: Business Communication

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  Business Communication Actividad 4.  What does Forex stand for?  Forex is an abbreviation for foreign exchange. What does Forex refer to? As I could remember from my economy class, it is the value of one currency relative to another; Like Euros into Mexican Pesos.  What is Forex trading? Is a kind of virtual market where everyone with or without experience can buy stock values, we need to remember that in some countries forex trading is almost completely unregulated.   What does the Forex trading market refer to? The foreign exchange market is where currencies are traded. How does the foreign exchange work? It can be as simple as changing one currency for another. But it can also become a game of chance where we seek to invest and make a profit. What do people trade? International currencies.  How do people trade? First they need to select a currency pair, remember we are exchanging the value of one currency to another, and the most important part is to ...
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Actividad 15: Business Communication

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 Business Communication Legal factors affecting business Actividad 15 When business companies operate, they expect to face different internal and external factors that can affect their organizational operativity. Among all these factors, legal ones might greatly influence business organizations and affect how different companies operate. There are several legal factors that affect businesses in many forms, including laws and regulations on taxation, employment, contract, securities, immigration, and many more. The law affects the way businesses operate. That is the reason why any business should have a clear understanding and knowledge of the legal environment in which business organizations have a function because these factors may determine its success or failure.  DEFINE IN DETAIL.    What is Organizational Law? Organizational law comprising the bodies of law that govern standard legal entities. This means that companies need to operate under their standards and ...
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Actividad 13: Business Communication

 Business Communication   IBP VS S&OP Actividad 13 What is “Integrated Business Planning” (IBP)? I really like this topic because I already heard about it before in one of my classes, I can define it as software that incorporates financial and operational data from an organization; It helps to maximize processes linking strategic plans with sales, operational, and financial plans and it helps to effective decision making.    What is “Sales and Operations Planning” (S&OP)? It is a part of supply chain planning, which is used in the creation of a unified, consensus-based business plan. It draws input from an organization’s key functional areas, including sales, marketing, manufacturing, distribution, and finance.    What are the similarities between IBP and S&OP? Mention and describe them. S&OP and IBP processes have many parallels. They both need supporting data, they help align forecasts with capability and they guide senior management in t...
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