To Be Truly Effective, Communication Should Be a Continuous Activity

question 40

Essay

To be truly effective, communication should be a continuous activity. Explain this statement.

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Definitions:

OEM Recommendations

Guidelines or advice given by the Original Equipment Manufacturer regarding the maintenance, use, or repair of their product.

Contribution Margin

The amount by which the sales of a product or service exceed the variable costs associated with its production, contributing towards covering fixed costs and generating profit.

Depreciation Expense

The allocated portion of the total cost of a company's physical assets that is expensed out on the income statement over a set period, reflecting the asset's consumption and wear and tear.

Fixed Costs

Costs that do not change with the level of production or sales, including expenses like rent, salaries, and insurance.