Essay --

Nirav Patel MGMT 390 Final Exam December 18, 2012 1.) Why is the human resources department an important function in any company? What other things do human resources professionals have responsibility for besides managing employee health benefit programs? Give at least 3 other things that they oversee inside a company. a. Human resources department is an important function in any company because people from human resources hire the people in the first place, and this is the one duty they have to do carefully because hiring the hiring an employee for a job is not an easy task. It includes so many other tasks into it such as, hiring them, then evaluating them, making their schedule and so on. Their responsibility includes hiring the perfect employees, responding to employee’s major demands, and to use these employees to finish their goals. These are their major responsibilities. 3 things they oversee inside a company are their employees, complaints, and achievement of the company goals. 2.) Some people have said that an effective marketing strategy makes a buyer feel as if they want to buy a product rather than being sold on a product or idea. What types of things do good marketing managers do to make buyers feel that they want to buy a certain product or service? a. To make buyers feel that they want to buy a certain product or service, a good marketing manager would use strategies such as selling the product at cheaper price than competitor with no sale. They can also use idea of psychological pricing which means that the manager can set the price of the good at price point to make it less expensive. He/she can use target cost strategy, which means you set the price which satisfies customers and investor’s profit. Anot... ...nd of currencies. There are 12 Federal Reserve banks in the United States which is why we don’t need 5 or 6 large banks to manage. The federal bank controls the economy of United States by raising/dropping the interest rates. 7.) If someone said to you that all products should be advertised on the Internet and nowhere else would this be a sound concept? Why would people advertise elsewhere with so many people on line anyway? a. If someone said to me that all products should be advertised on the internet and nowhere, it would sound concept because people this days use the internet all the time. Also, these days people even use their internet to watch TV at home. For example, using veetle, jadoo, and other convertor boxes which use the internet to stream videos and TV channels. So if we broadcast advertises using the internet it would help advertisement business.