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Why Marketing Service for Small Business is Important

Posted by IRSLogics on March 29, 2024 at 10:59am 0 Comments

In the complex business world, small enterprises typically face unique issues. Making your firm stand out and attract customers in a congested market takes time and effort. This is why tiny businesses need marketing services. Good marketing is crucial for small business growth for

many reasons. Here, we discuss five essential points to demonstrate the

importance of marketing service for small…

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Air Compressor Filters and Compressed Air Dryers Market Volume Analysis, Segments, Value Share And Key Trends By 2033

Posted by Latest Market Trends on March 29, 2024 at 10:56am 0 Comments

The global air compressor filters and compressed air dryers market is positioned for substantial growth, with a projected valuation of US$10.4 billion by 2033. This expansion is anticipated to occur at a steady Compound Annual Growth Rate (CAGR) of 6.1% from 2023.



The market is expected to reach a significant milestone in 2023, with a projected valuation of US$5.8 billion. This growth is driven by the widespread adoption of air compressors across various industries. Sectors such as… Continue

#Meritphase PMP Certification Training|Free PMP® Sample Question

#Meritphase PMP Certification Training|Free PMP® Sample Question
Meritphase |PMP Certification With a project nearly complete, the project manager has already performed procurement closure, shared the final project report, updated the lessons learned repository, and obtained feedback from the relevant stakeholders. What should the project manager do next?
A. Provide final payment to the suppliers
B. Send a summary of how the final product achieved the business needs
C. Transfer the completed assembly line to operations
D. Send formal written notice to the vendors that the contracts have been completed
HINT: All but one of the answer choices represents an activity that has not already been completed in the scenario.
All our questions are updated to the latest A Guide to the Project Management Body of Knowledge, standard. Stop by at The Free PM Exam Simulator and try the PM Exam Simulator . We are a Project Management Course Registered Training Provider.
Answer and Explanation
The correct answer is C
The question implies that the Close Project or Phase process is underway. Actions and activities necessary to transfer the project's products, services, or results to the next phase or to production and/or operations is one aspect of project closure. Correctly answering this question is an exercise in the process of elimination. The incorrect answer choices represent activities that have already been completed by the project manager in this scenario. Of the available choices, only transferring the completed assembly line to operations represents a closing activity that has yet to be completed, making it the best response to the question asked.
Details for each option:
A. Provide final payment to the suppliers
Incorrect. The question states that procurement closure has already been completed. Procurements are not considered closed until final payments have been made. Therefore, the final payments must have already been sent to the suppliers in this scenario.
B. Send a summary of how the final product achieved the business needs
Incorrect. A summary of how the final product achieved the business needs identified in the business plan to relevant stakeholders is a component of the final project report. The question states that the final project report has already been shared, making this action redundant and unnecessary.
C. Transfer the completed assembly line to operations
Correct. Transferring the completed assembly line to operations is an activity that is completed during the Close Project or Phase process. This answer choice represents an activity that remains to be completed in this scenario.
D. Send formal written notice to the vendors that the contracts have been completed
Incorrect. The buyer provides the seller with formal written notice that the contract has been completed as part of the procurement closure. The question indicates that the procurements for this project have already been closed. Therefore, this answer choice represents an activity that has already been completed in this scenario. Click Here

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