When a company carefully selects its goals and then creates a plan for reaching those goals, it is engaging in strategic planning.
Strategic planning is a process in which an organization's leaders define their vision for the future and identify their organization's goals and objectives. The process includes establishing the sequence in which those goals should be realized so that the organization can reach its stated vision. Strategic planning typically represents mid- to long-term goals with a life span of three to five years, though it can go longer. This is different than business planning, which typically focuses on short-term, tactical goals, such as how a budget is divided up. The time covered by a business plan can range from several months to several years.
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what occurs when the ability of a company to operate is impaired because of a hardware, software, or data outage?
Technology failure occurs when the ability of a company to operate is impaired because of a hardware, software, or data outage.
Any electronic device or system used in business is known as business technology. Computers, internet systems, printers, mobile devices, and software programmes that aid in task organisation and prioritisation are among the technology resources used by employees.
Technology can be used to safeguard private executive decisions, financial data, and other proprietary information that gives a company a competitive edge. Simply simply, technology aids firms in protecting their ideas from rivals.
Technology, or as it is sometimes referred to, the modification and manipulation of the human environment, is the application of scientific knowledge to the practical goals of human life.
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Which of the following is a question your group might ask while trying to identify or define the problem? a. Who is affected? b. What are the limitations? c. What are the criteria for our solution? d. What are we concerned about?
Answer:
d. What are we concerned about?
Explanation:
The problem-solving process can be defined as a systematic approach to be used to identify and determine the solution to a particular problem.
The steps involved in the problem-solving process are;
1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation and all efforts is channeled in the right direction rather than the symptoms.
2. Gathering of information: this helps to consider the options available in solving a problem effectively.
3. Consider your options: this helps to compare the available and viable solutions to the problem.
4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.
A question your group might ask while trying to identify or define the problem is; "What are we concerned about?" in order to ensure that, the focus is on the main issue or problem and all efforts is channeled in the right direction.
Answer:
d. What are we concerned about?
Explanation:
advertising involves a personal presentation by the firm's sales force for the purpose of making sales and building customer relationships.
It is a misleading statement to say that advertising entails a personal presentation by the company's sales staff with the intention of generating leads and developing client connections.
What is personal selling?Personal selling, often known as face-to-face selling, is a sales strategy in which one salesman attempts to convince a customer to buy a product. It's a form of advertising where the salesperson uses their skills and knowledge to try to seal the transaction.
Personal selling is a face-to-face sales method where a salesperson uses their people skills to influence a consumer to purchase a specific product. By highlighting each of the product's unique attributes, the salesperson seeks to persuade the customer that the purchase will only add value. However, persuading a customer to buy a product isn't always the aim of personal selling. This strategy is frequently used by businesses to inform clients about new products.
The business uses a person-to-person strategy in order to raise awareness of the product. This is due to the fact that selling requires a human touch, and salespeople are better at pitching a product to a potential buyer. Retail and direct-to-consumer channels are the two various ways that personal selling can be done. In the retail channel, a salesperson deals with prospective consumers who come in by themselves to inquire about a product.
The responsibility of the salesperson is to ensure that he comprehends the needs of the consumers and displays various products that fall into that category in accordance. In the direct channel, a salesperson meets prospective clients in an effort to inform them of a new product the company is introducing or about a new deal that the clients may not be able to obtain from the open market.
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Why might market economies require competition?
A
in order to achieve maximum efficiency
B
in order to institute price controls
C
in order to incentivize consumers to make purchases
D
in order to guarantee freedom of enterprise
investors who put their own money into a startup are known as question 13 options: mannequins. obligators. angels. borrowers.
Investors who put their own money into a startup are known as angels.
An investor is a person that allocates capital with the expectancy of a future financial return or to benefit from an advantage. thru this allotted capital maximum of the time, the investor purchases a few species of belongings.
An investor can be a man or woman or a corporate entity. as an instance, an organization could make contributions price range to a joint mission, wherein case the employer is an investor within the joint task.
Any person or enterprise who commits capital with the expectancy to ultimately get hold of financial returns is an investor. This vast definition includes everyone from startup accelerators to Wall avenue establishments or even family participants who loan money to each other.
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focuses on participants and conditions in the financial marketplace (for example, interest rates and financial regulations)
Financial Markets and Institutions is the correct answer.
What exactly is a financial market?
Financial markets encompass any marketplace where securities are traded, including the stock market, bond market, forex market, and derivatives market, among others. Financial markets are critical to the functioning of capitalist economies. The global financial services business is worth $20.49 trillion. This was accurate in 2020, and it was predicted that the industry will be worth $22.52 trillion in 2021.
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while buying refreshments for an upcoming party, you notice that a six-pack of bud lite beer costs $6 and that a six-pack of miller lite beer costs $8. you buy the six-pack of miller lite beer, although you wonder if maybe two six-packs of bud lite beer would have been a better choice. the opportunity cost of the miller lite beer is:
While buying refreshments for an upcoming party, you notice that a six-pack of Bud lite beer costs $6 and a six-pack of Miller lite beer costs $8. You buy the six-pack of Miller lite beer, although you wonder if maybe two six-packs of Bud lite beer would have been a better choice. The opportunity cost of the Miller lite beer is two six-packs of Bud lite beer.
What are Opportunity Costs and Examples?
When economists talk about the “opportunity costs” of a resource, they mean the value of the next highest alternative use of that resource. For example, if you spend your time and money on movies, you can't spend that time at home reading a book, and you can't spend that money on something else.
What is opportunity cost?
Opportunity cost is generally defined as the next best option. Also called replacement cost, it is the loss of profit that could have been incurred if another option had been chosen. This can also be explained as loss of utility due to change of choice.
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quizlet what is the opportunity cost of the first truck produced?instructions: round your response to one decimal place.
Opportunity cost is the advantage passed up in favour of a different course of action.
The quantity of tanks not produced is the opportunity cost of building a second truck. The number of tanks produced decreases from 4.5 to 3.8 as the number of trucks produced goes from 1 to 2.
The potential cost of creating a second unit of track is therefore
= 4.5-3.8
= 0.7 tank
What is Opportunity cost ?
Opportunity cost is the advantage that was lost because a particular option was not selected.It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.Opportunity costs have a value that can help people and businesses make more lucrative decisions.Opportunity cost is a wholly internal expense that is only utilised for strategic consideration; it is not included in accounting profit and is not reported externally.Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them.To know more about Opportunity cost visit:
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v,j,j,hjhyiuy8y8u0i0ip
Answer:
v,j,j,hjhyiuy8y8u0i0ip
Explanation:
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7. "Skill is necessary to develop team spirit”. Justify your answer.
Answer:
ghjj
Explanation:
jjkkklnnnmmmn jjjjj jjjn
kayo initiates and encourages innovation, fixes unforeseen problems, sets priorities about the use of resources, and works with others to accomplish organizational goals. together, these responsibilities comprise which type of managerial role?
Kayo initiates and encourages innovation, fixes unforeseen problems, sets priorities about the use of resources, these responsibilities comprise a decisional type of managerial role.
What is the Decisional managerial role?Decisional roles are defined as managerial roles where managers are responsible for making calculated and timely decisions for the company's welfare. This determines solving problems, generating new idea's, and implementing them. Disturbance Handler – When an organization or team hit's an unexpected roadblock, it is the manager who must take incharge. You also require to help mediate disputes within it.
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when a seller advertises an item at an unbelievably low price to lure customers into a store, and then refuses to sell the advertised item and instead pushes a similar item with a much higher price and higher margin, the seller is participating in the illegal practice of .
When a seller advertises an item at an unbelievably low price to lure customers into a store, and then refuses to sell the advertised item and instead pushes a similar item with a much higher price and higher margin, the seller is participating in the illegal practice of bait and switch.
Repeat client's store expenses and boom earnings consequently enhancing business enterprise fee. Providing a great product/service and incredible follow-up support ends in accelerated purchaser loyalty.
The important thing to top customer service is constructing proper relationships with your customers. Thanking the consumer and selling high-quality, useful and friendly surroundings will make certain they leave with a notable effect. A happy client will return regularly and is probable to spend greater.
Patron-centered agencies foster an agency tradition committed to improving client satisfaction and building robust client relationships. Examples of customer attention include exact customer service, listening (and enforcing) client remarks, and constructing personalized client experiences.
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can a company be successfull at project management without having or using a project management methodology?
An employer is a success at project control without having or the usage of a task management method: The task management methodologies list — we've got compiled this listing of mission control methodologies to help you become familiar with the basics.
The definition of management is the manner something is handled, cautious treatment, supervising talents, or the ones in the rate of an enterprise or organization. An example of control is how someone handles their non-public finances. An instance of management is the show of a problem while handling something fragile. An instance of control is the show of challenge whilst dealing with something fragile. An instance of the control is how a skillful manager handles a hard state of affairs. An example of management is the CEO of an enterprise. Skillful dealing with; careful, tactful treatment.
Business management is the coordination and employer of enterprise activities. business managers oversee operations and assist personnel to attain their top productivity levels. An enterprise manager may additionally supervise or educate new employees, and help a enterprise reach its operational and economic goals. The four most common types of managers are top-degree managers, middle managers, first-line managers, and crew leaders.
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charlie's chocolates' owner made investments of $70,000 and withdrawals of $30,000. the company has revenues of $103,000 and expenses of $74,000. calculate its net income.
Net income = $24000.
What is Net income?In finance and business, net income (also known as total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income less its costs of goods sold, expenses, depreciation and amortization, interest payments, and taxes for a given accounting period.
It is calculated as the sum of all revenues, profits, and losses during the period less all expenses, losses, and gains. It has also been described as the net growth in shareholders' equity as a result of a company's operations. It's not the same as gross income, which solely deducts the cost of the things sold from revenue.
Net income is the (gross) income after taxes and other deductions for both households and individuals.
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14) Which of the following is an attempt by a fim to increase the demand for its product? (3SEMI21
DOK: 2)
the imposition of a price ceiling on the product
A
B. an advertising strategy designed to change consumer tastes and preferences
C. a marketing strategy to make the good scarce and therefore more expensive
D. a production strategy to flood the market with the good or service
Answer:
B. an advertising strategy designed to change consumer tastes and preferences
Explanation:
Increasing the demand for a product refers to the activities of making products desirable to customers. It involves interesting customers with the product or services to influence them to purchase.
Advertising is a strategy for creating awareness for a product in the market. It entails communicating the benefits of a good or service to potential customers in a manner that persuades them to buy. Advertising creates the demand for a product by influencing customer perceptions and opinions on the commodity or service.
suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1912. it is now 2020. note: for all requirements, do not round intermediate calculations. round your answer to 2 decimal places. if your great-grandfather invested $1,000 in 1912, how much would that investment be worth today?
The investments today’s worth is $203001.61.
We have to calculate the future value of the investments. So we can use the formula,
A=P (1+r/100)ⁿ
Where, A stands for future value, P stands for Present value, R stands for Interest rate, n stands for Time period.
Interest rate (r) = 5%= 0.05 and Time period is from 1912 to 2020 so, it is equals to 108 years. (2020-1912year)
On putting the values in the above formula we get,
A = 1000× (1+ 5/100)^108
=1000*203.001612
=$203001.61
The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). The future value calculation enables investors to forecast, with varying degrees of accuracy, the amount of profit that can be generated by various investments.
Investors and financial planners use the future value to estimate how much an investment made today will be worth in the future. The future value equation is used to assess various possibilities since the growth produced by holding a given amount in cash will probably differ from that produced by investing that same amount in equities.
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When the two newly hired analysts compared notes, they found that their interviews had been quite different. Each was long and involved, but the content of the questions varied based on previous employment and education. This means the hiring manager used ________ interviews.
Each was long and involved, but the content of the questions varied based on previous employment and education. This means the hiring manager used unstructured interviews.
Define education.A planned activity, education has objectives like knowledge transmission or character and skill development. The development of understanding, reason, kindness, and honesty may be some of these goals. Numerous studies emphasize the value of critical thinking in differentiating education from brainwashing. Some theories argue that education must result in a student's growth, while others support a definition of the term that is value-neutral: the attitudes and behaviors that educated people exhibit. To transmit cultural heritage to future generations was the fundamental goal of education. New ideas like learner liberation, contemporary social skills, empathy, and advanced vocational talents are progressively being included into educational objectives today.
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To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by.
To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by adjusting entries.
What is Adjusting entries?Adjusting entries are the journal entries that cause change to the company accounts after the recording of the journal entries. This adjusting entries are posted at the end of a accounting period that is a month or a year or another interval of time.
Accounting for the companies require to adjust the balances of assets, liabilities, revenues and expenses accounts. These accounts then are presented in the income statement and balance sheet.
The Finance department of a company is responsible to post all the journal entries and to present the assets, liabilities with a true and fair view.
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nataro, incorporated, has sales of $682,000, costs of $340,000, depreciation expense of $85,000, interest expense of $50,000, and a tax rate of 22 percent. the firm paid out $80,000 in cash dividends. what is the addition to retained earnings?
Based on the sales, costs, and depreciation to Nataro Incorporated, the addition to retained earnings is $81,460
How much is added to retained earnings?First, find the net income:
= Sales - costs - depreciation - interest
= 682,000 - 340,000 - 85,000 - 50,000
= $207,000
The addition to retained earnings is:
= Net income x (1- tax) - Cash dividends
= 207,000 x (1 - 22%) - 80,000
= $81,460
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demand factor initial value average american household income $40,000 per year roundtrip airfare from los angeles (lax) to las vegas (las) $100 per roundtrip room rate at the grandiose hotel and casino, which is near the peacock $200 per night
An increase in the average income of the household incomes would raise the quantity demanded of the room because generally hotel stay possesses a positive relationship with the income levels of the people.
If it could be said that if the consumer can have the maximum number of hotel stays with his given income is,
=$40,000/$200
=200units
Hence, the predicted demand which is possible at the maximum,
=$60,000/$200
=300units.
Hence, the predicted demand for room stays could go from 200 to 300 units.
The median household profits inside the U.S. for 2020 is $67,521, down from $ 68,703 in 2019. while examining median household profits by way of the kingdom, the kingdom with the best median family earnings is Maryland at $94,384. The nation with the lowest median family profits is Mississippi at $ 44,966.An own family income between $32,048 and $53,413 was taken into consideration decrease-middle class. For excessive earners, a 3-man or woman circle of relatives needed a profit between $106,827 and $373,894 to be taken into consideration top-center class, Rose says.
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Economists tend to see humans as ____________, but sociologists would tend to include ____________.
Economists tend to see humans as rational actors, but sociologists would tend to include emotional motivations.
What are Economist?
An economist is a specialist and practitioner in the social science area of economics. Additionally, the individual may study, develop, and apply various economic ideas and concepts, as well as write on economic policy. Economists do in-depth statistical and data analysis, then utilize the results to advise firms on financial matters. As an economist, you would study, keep an eye on, and construct statistical models to forecast economic changes.
Therefore,
Economists tend to see humans as rational actors, but sociologists would tend to include emotional motivations.
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The case suggests one way to prevent work interruptions is to set aside quiet time with a ""do not disturb"" note on your office or cubicle door. This method of coping would be classified as?.
Cognitive, emotion focused In Emotion Focused Cognitive Behavioral Therapy (ECBT), the entire empirical component of conventional CBT is used, along with additional components, to address emotional deficits related to the difficulties that each counselee is experiencing.
What is emotion focused cognitive behavioral therapy?A therapeutic strategy called emotion-focused therapy (EFT) is founded on the idea that identity is fundamentally tied to one's feelings. Emotions, in accordance with EFT, can serve as a guide for personal decision-making and choice. This kind of therapy is predicated on the idea that suppressing or ignoring negative emotions can be harmful.
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combinations lying the production possibilities frontier are impossible to produce with the current resources and technology.
Combinations lying outside the production possibilities frontier are impossible to produce with the current resources and technology.
What is the production possibilities frontier?The production possibilities frontier shows the optimal amount of goods that a company can product between two different goods based on current resources and technology.
When a point lies outside the production possibilities frontier, it means that the company cannot produce that quantity with the current capabilities.
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one characteristic common to all negotiation situations is that both parties negotiate by choice, as negotiation is largely a voluntary process.
One characteristic common to all negotiation situations is that both parties negotiate by choice, as negotiation is largely a voluntary process.
TrueNegotiation is a dialogue between two or more persons or parties to achieve the desired outcome regarding one or more disputed issues. It is an interaction between entities trying to come to an agreement on common interests.
A contract may be beneficial to all or some of the parties involved. While trying to understand the wants and needs of other stakeholders, negotiators identify their own needs and want, close deals, avoid conflicts, build relationships with other parties, and seek mutual benefit. should be more likely to maximize
The purpose of negotiations is to find solutions to separate issues, to achieve individual or collective interests, or to produce results that meet various interests.
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esearch finds that appropriate standards of behavior are not determined by values but by organizational training. true false
This problem is a false statement.
What is organizational training?
Within a company, organizational training is the process of disseminating information that improves worker performance and practical job skills. Organizational training is a well-thought-out approach for assisting staff in acquiring information and skills that directly affect their ability to perform their duties and adhere to legal obligations.
Therefore,
Research finds that appropriate standards of behavior are not determined by values but by organizational training.
This problem is a false statement.
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when audit procedures are specified, the evidence produced by each procedure must relate to one or more specific management
When audit procedures are specified, the evidence produced by each procedure must relate to one or more specific management assertions.
Audit Procedure: An audit procedure is a method for gathering and examining data in order to produce proof. The audits should collect a variety of data and combine processes that are suited to the audit's subject and purpose.
Specific Management Assertions: Management assertions are statements made about certain elements of a firm by members of management. The idea is mostly applied to the audit of financial accounts of a firm, where the auditors rely on a number of assertions about the company. By performing a variety of audit tests, the auditors evaluate the veracity of these claims.
There are 5 types of Specific Management Assertions:
1)Accuracy
2)Completeness
3)Occurrence
4)Rights and obligations
5)Understandability
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rank and support your choice for the top three criteria for evaluating organizational effectiveness.
Although the organization's management has its own indications and criteria to measure its performance, the organisation is effective when it achieves its ultimate goal, which may not be obvious to others.
1) Leadership
To achieve high performance or sustain outcomes, leaders must identify and enhance critical procedures and execute them with daily discipline. They must transform the organization's vision and values into its strategy, objectives, practises, activities, and performance.
2) Communication
Every conversation is a potential moment of truth, a potential point of failure, or a crucial link in the success chain. Everything happens in or because of a conversation. By using strategic communication, you can make sure that your message has the desired effect and is understood. The performance culture is shaped by what you say, how you say it, where you say it, when you say it, and under what circumstances.
3) Accountability
Vision and strategic direction are transformed into goals, objectives, activities, and accountabilities by leaders. Systems for performance accountability make expectations clear and link punishments or rewards to actual performance. To ensure responsibility, predictability, learning, renewal, and sustainability, leaders must include discipline into their leadership process and management cycle.
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What things might cause disputes in a partnership???
Explanation:
fighting arguing talking stuff about each other behind there back spreading rumors financially struggling
Does the U.S. have a trade deficit or surplus?
Answer:
surplus
Explanation:Don't quote me on this because I might be wrong, but I think the united states has a trade surplus because of the dependence on U.S trade globally. China has a trade surplus because they have some the biggest and busiest factories and shipping outposts. Since the U.S has such a high trade level with the trade Surplus of china the U.S is also a trade surplus.
who is ur top 3 favorite presidents
Answer:
George Washingto, Abraham Lincol, joe Biden
Explanation: