Discuss Four Areas Where Managers Can Improve Their Communication Skills

question 123

Essay

Discuss four areas where managers can improve their communication skills. Explain why this is important.

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Definitions:

Average Daily Sales

The average sales generated per day over a specific period, useful for analyzing business performance.

Average Collection Period

The average amount of time it takes for a company to receive payments owed by its customers, indicating the efficiency of the company's credit and collection policies.

Cost Of Default

The expenses and financial losses incurred when a borrower fails to make a loan payment on time.

Cost Of Discounts

The reduction in revenue a company faces when it offers products or services at a reduced price.