Answer:
A. Environmental scanning, strategy formulation, strategy implementation, evaluation and control.
Explanation:
In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
Typically, to formulate strategies that are well aligned with the mission of an organization or business firm, some of the activities that needs to be performed includes the following;
1. Knowing your core competencies.
2. Assessment of the organization's internal strengths and weaknesses.
3. Examination of the organization's external environment.
4. Analyze your competitors.
Furthermore, the four (4) basic elements of Strategic Management are: environmental scanning, strategy formulation, strategy implementation, and evaluation and control.
In conclusion, a business strategy or strategic plan sets the overall direction for an organization or business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan, thereby, giving it certain advantages, edge over rivals in the same industry and to meet the needs of various customers by analyzing their strengths, weaknesses, opportunities and threats (SWOT).
Which of these is the correct formula to calculate labor cost?
Answer: labor cost = hourly wage × total work hours
Explanation:
The labor cost refers to the the wage that's paid to an employee and thus can include the employee benefits as well.
With regards to the question, the labor cost will be the hourly wage multiplied by the total work hours. For example of the hourly wage is $15 and the total work hours is 20. Then the labor cost will be 20 × $15 = $300.
_________ is considered one of the four scarce economic resources.
a
Entrepreneurship
b
Money
c
Time
d
Business planning
Answer:
a. Entrepreneurship
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
The four factors of production are;
I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.
II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.
IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).
This ultimately implies that, entrepreneurship is considered one of the four scarce economic resources.
An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.
In conclusion, the four (4) main characteristics of an entrepreneur are; innovative, risk taker, passionate and self confident.
Answer:
A. Entrepreneurship
Explanation:
Entrepreneurship is considered one of the four scarce economic resources.
Which of the following is true about crime? Group of answer choices When crime occurs in the context of business, no one is "really" injured. Crime undermines the expectations that we all have about living in a civil society. When an insurance company has to pay for a claim arising from a crime, the victim and society at large are injured, but not the insurance company. If the victims of embezzlement do not immediately notice the embezzlement, then they must not "need" the money anyhow, so no real crime has been committed. There are many crimes that are victimless.
Answer:
Crime undermines the expectations that we all have about living in a civil society.
Explanation:
The principle function of an interest group is to: Group of answer choices provide its members with educational and social opportunities. contribute money to candidates for public office who favor its programs. attain favorable decisions from government on issues that it supports inform the public on the role of interest in the economy
Answer:
I cannot help u on this problem buddy
Identify and explain two ways QC [ Queen of catering ] can create added value for its new service
Answer:
please asked questions nice ly oki didn't understand
There are two methods to determine the Golden Rule capital level, looking at steady-state: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices consumption per worker or comparing the marginal product of capital to the saving rate. consumption or comparing the marginal product of capital to the depreciation rate. output per worker or comparing the marginal product of capital to the saving rate. output per worker or comparing the marginal product of capital to the depreciation rate.
Answer:
consumption or comparing the marginal product of capital to the depreciation rate.
Explanation:
The two methods that measures the capital level of the golden rule is the consumption or it should compared the capital marginal product with the depreciation rate. As the golden rule capital level shows the leval in which the consumption made in the steady rate should be maximized
So for this the above option should be considered
Therefore the other options are wrong
what do you call a dog on the beach
it may be called as hot dog
Answer:
a beagle
Explanation:
Your company's leathergoods are very well received in the marketplace. But you still have not been able to resolve the issue of packaging. These bags and briefcases have to be packaged substantially so your customer receives a flawless product, but you have to come up with a solution that will allow the consumer to recycle all that packaging in some way. You decide to solicit suggestions from the staff on how to either implement a recycling program or devise some other packaging methodology that is environmentally friendly. What marketing channel are you managing
Answer: reverse channel
Explanation:
The marketing channel here is the reverse channel. The reverse channel is also referred to as the backward marketing channel and it is the marketing channel whereby the goods that are meant to be reprocessed or recycled flow backward from the consumers before it gets to the producer.
With regards to the question, since the manufacturer haven't been able to resolve the issue with regards to packaging and the consumer will have to recycle all that packaging in some way, then it's a reverse channel.
Ajax Lighting manufactures and sells street and parking lot lights, such as those on the Fayetteville trail system. Ajax has the best LED lighting technology in the industry. It is a significant competitive advantage. There are only two other companies in the nation that make competitive products. Growth in this industry is about 2% a year or less. Ajax can enjoy sustained competitive advantage because they are in a _________ market
Answer: slow cycle
Explanation:
Based on the information given, Ajax can enjoy sustained competitive advantage because they are in a slow cycle market.
Slow-cycle markets refers to the markets whereby the competitive advantages of a firm are protected from imitation, which is usually for long periods of time and in this scenario, imitation is usually costly. Therefore, in this market, competitive advantages are usually sustainable
All of the following are true about the post-closing trial balance, except: a.It is prepared after posting the closing entries to prove the equality of the debit and credit balances in the general ledger accounts. b.Only permanent accounts are listed in the post-closing Trial Balance. c.The owner's capital balance listed on the post-closing Trial Balance was updated to reflect revenues, expenses, and drawing for the accounting period. d.It is prepared before the closing process.
Answer:
All of the following are true about the post-closing trial balance, except:
d.It is prepared before the closing process.
Explanation:
The post-closing trial balance is rather prepared after the closing process. This is the reason it is described as a post-closing trial balance. Only permanent accounts (balance sheet) are listed on the post-closing trial balance. The post-closing trial balance ensures that the capital account is updated with the retained earnings (net income less drawings), as the case may be.
Which types of postsecondary education are examples of traditional academic education? Check all that apply.
associate degree
apprenticeship
bachelor’s degree
technical school degree
Answer: 1,3
Answer:
associate degree and bachelor’s degree is the answer
Explanation:
just did it trust me :)
what day is father day
Answer:
In this year, the date was Sunday ,June 20.
Father's Day 2021 in United States
Even before Michelle could explain why a prospect had not purchased her company's new line of ecofriendly outdoor furniture, her supervisor started explaining how she should have emphasized the fact that the furniture is made through a revolutionary recycling process and that the prices are justified by the furniture's quality and eco-friendly nature. In this scenario, the supervisor provided Michelle with __________ feedback by telling her how she could make better sales presentations.
Answer:
Informal feedback
Explanation:
In simple words, informal feedback relates to the feedback under which the feedback is not planned by either of the parties involved and the conversation regarding the review just happens occasionally unplanned. I
Generally, In such feedback there is no exchange of information but one party dictates their view to the other. Hence, from the above we can conclude that the given case is an instance of informal feedback.
if my movie starts at 11:26 am but it takes 48 minutes to get there what time will it be when I get there
Answer:
12:34
Explanation:
It will be 12:34 if you leave at 11:26
A new computer firm analysed its cost function for the past 12 months. The firm pays $2000 every month for rent and an annual fee of $2500 for insurance. Although the cost of raw materials changed constantly, the firm was surprised at the total amount of $300 to be paid to suppliers given its output for the year. Finally for each additional worker that the firm employed, it incurred the following costs of $3, $3.25, $3.50,$3.75, $4 to produce each additional unit output.
From the data given for the computer firm, calculate EACH of the following costs:
Fixed costs
Total cost
Marginal cost
Answer:
fixed cost-26, 500
marginal cost-314. 50
total including both fixed and marginal add the two- 26,814.50
Sanchez Foods Inc. is a large food manufacturing corporation that earns more profits than its competitors. The company uses only organically grown grains and fruits. It also promotes organic farming and helps nonprofit agencies that focus on food and nutrition causes. The company recently decided to use a third-party recycling logo. In this scenario, Sanchez Foods is most likely to have adopted the practice of _______.
Answer:
green marketing
Explanation:
From the question we are informed about the Sanchez Foods Inc. which is a large food manufacturing corporation that earns more profits than its competitors. The company uses only organically grown grains and fruits. It also promotes organic farming and helps nonprofit agencies that focus on food and nutrition causes. The company recently decided to use a third-party recycling logo. In this scenario, Sanchez Foods is most likely to have adopted the practice of green marketing.
Green marketing can be regarded as practice of developing as well as advertising products which is been
based on their real as well as their perceived environmental sustainability.
In a case, whereby green marketing activities of a Company are not substantiated from significant investments and doesn't substantiated by operational changes, the company
may be criticized as been using false or misleading advertising.
Monetarists believe that changes in the supply of money Question 24 options: do not affect aggregate demand. affect aggregate demand through the loanable funds market only. affect only the investment component of aggregate demand. affect aggregate demand directly.
Answer: affect aggregate demand directly.
Explanation:
Monetarists believe that money supply is very important in determining the economic growth of an economy and this is why they advocate for monetary authorities to get involved in the monetary system in order to guide the growth of the economy.
To monetarists, the supply of money influences consumption as well as investment and so directly affects aggregate demand because both consumption and investment are components of aggregate demand. For instance, an increase in money supply increases both consumption and investment and so increases aggregate demand.
What will happen when consumers and businesses have greater confidence that they will be able to repay debt in the future? Quantity demanded of financial capital at any given interest rate will shift to the right. Quantity demanded of financial capital at any given interest rate will shift to the left. Quantity demanded of financial capital at any given interest rates below (but not above) the equilibrium will shift to the left. Quantity demanded of financial capital at interest rates below (but not above) the equilibrium will shift to the right.
Answer:
The answer is "The first choice".
Explanation:
The level of funds capital requested at a certain given interest rate would shift right. This relates to the aggregated value in a set period of goods or services required by customers. It focuses on market pricing for commodities or services. The cost of the products or service has an inverse correlation with the amount required within terms of economics. When consumers and businesses trust more, the amount of financial capital requested at any specified interest rate will swing to the right.
The personal liability umbrella policy is designed to provide a catastrophic layer of liability coverage on top of the individual's homeowners and automobile insurance liability coverages
Answer: True
Explanation:
Personal liability umbrella policy was made to provide protection to people should a catastrophic legal claim or judgement be passed on them.
For the coverage to be offered however, the insured must have underlying policies such as homeowners and automobile liability insurance coverage because the personal liability umbrella policy will only pay out after those underlying policies have paid out.
In answer to a radio advertisement, a teenager two months shy of his 18th birthday contracted to buy a late model car from a car dealership. The agreement required a $1500 down payment with the remainder of the $7200 price to be paid in monthly installments to a local finance company. The teenager’s first eight payments were made regularly until his driver's license was suspended. He then informed the company that no further payments would be forthcoming. The finance company sued for the remaining payments. The age of majority in the teenager’s state is 18 years. Would the teenager be liable for the balance of the payments?
A. Yes, because the car dealership was liable on the contract from the outset, notwithstanding the teenager’s minority.
B. Yes, because he kept the car for six months after reaching the age of majority.
C. No, because he was a minor at the time of the contracting, and the contract is voidable by him.
D. No, because he informed the finance company in a timely manner after his driver's license was suspended.
Answer: B. Yes, because he kept the car for six months after reaching the age of majority.
Explanation:
When the teenager had not reached the age of majority, holding him liable for the contract would have been challenging. The teenager however reached the age of majority he became legally liable for decisions and contracts.
After this age, he had the car for 6 more months which means that he had accepted the contract as an adult. He cannot therefore simply wiggle out of the payment because he signed an enforceable contract.
An improvement in technology that allows workers to process twice as many insurance forms in an hour than before will cause Group of answer choices more labor to be employed because its marginal revenue product has fallen. an increase in insurance premiums. fewer workers to be employed because their marginal revenue product has decreased. more workers to be employed because their marginal revenue product has increased. fewer workers to be employed because their marginal revenue product has increased.
Answer: fewer workers to be employed because their marginal revenue product has increased.
Explanation:
Insurance companies hire more people in order to make more profit as they would process more insurance forms. If technology was made such that employees were able to process twice as many forms in the same time, a lot of workers would be terminated.
This is because companies are always looking for ways to save costs and if it turns out that they can get rid of some people and still be able to keep production at the same level, they would do so. The insurance companies would therefore fire some workers because they would still be able to keep on processing the same amount of insurance forms.
Nathalie is willing to apply for a car loan. She is 18 years old, still lives at home with her parents and has a part-time job during nights while attending college. In this scenario, a bank's loan officer is most likely to approve the loan in case that Group of answer choices Nathalie maintains a 3.5 GPA. Nathalie signs over her parents car as collateral. Nathalie provides a cosigner on her loan. Nathalie increases her student loan.
Answer:
Nathalie provides a cosigner on her loan
Explanation:
In the case when an inidvidual co-signs the loan so the individual is become obligated in a legal way to repay the full loan with respect to nathalie when she is not able to pay the amount. Also the loan officer would permitted in that case when the co-signer has the stable kind of job or the source of revenue.
So, nathalie not sign the car of the parent as the collateral as it required the parent consent
So the above should be the answer
If you purchase a straddle on euros, this implies that you: A) finance the purchase of a call option by selling a put option in the euros. B) finance the purchase of a call option by selling a call option in the euros. C) finance the purchase of a put option by selling a put option in the euros. D) finance the purchase of a put option by selling a call option in the euros. E) None of the above.
Answer:
The correct answer is E) None of the above.
Explanation:
when you purchase a straddle on euros, this means you simultaneously buy a call option and a put option on the same common stock on euros bearing a similar expiration date, and the same place where the security can be bought and sold. What this means is, you tend to make a profit once the common stock makes a sharp move. Normally, call options give investors the liberty to sell stock expecting a rise in price, while a put option gives the investors want to sell their stock because they predict a fall in price. These two option contracts aim at making investors make profits.
identify and explain two advantages to ruby of having part-time employees
Answer:
Explanation:
make the 4 to 8 and the 8 to 47 by addind
A value chain is a set of: Group of answer choices robotically controlled conveyor belts that deliver product quickly from manufacturing stations to shipping containers. large firms that are vertically integrated. a large number of small firms that dominate a given market. similarly profitable firms competing against each other in any given industry. activities through which a product or service is created and delivered to customers.
Answer:
activities through which a product or service is created and delivered to customers.
Explanation:
In simple words, A value chain can be understood as the business model that outlines the whole process of creating a product or service. The processes involved in taking a commodity from conception to dissemination, as well as everything in among as sourcing raw materials, production operations and marketing activities—make up a value chain for firms that create things.
All of the following statements about the use of images on landing pages are true, except
a. images should be of professional quality
b. images should depict people being happy using the product
c. the right images can encourage visitors to explore the page further
d. visitors normally read the text closely on landing pages, so text is essential to accompany
Answer:
c is what i think
Explanation:
Help please :)
In a circular flow diagram, households represent the elements of the
economy that:
A. sell products to consumers.
B. produce goods and services.
C. provide businesses with materials.
D. purchase and consume products,
Answer:
Produce good & services
Explanation:
In the circular-flow model of an economy, households own all the factors of production. Households earn their income when firms purchase or rent these factors of production to use them to produce goods and services. Firms, in turn, earn revenue when households buy goods and services.
Answer: B
Explanation:
The Role of Households
In a circular flow diagram, households consume the goods offered by the firms. However, households also offer firms factors so that the firms can produce products for the household to later consume.
The provision of a public good generates aAnswers:a. positive externality and the use of a common resource generates a negative externality.b. negative externality, as does the use of a common resource.c. negative externality and the use of a common resource generates a positive externality.d. positive externality, as does the use of a common resource.
Answer:
I'm not too dire about this
Why does ray of light coming through denser medium bend when it
enters into rarer medium?
Answer:
this occurs as a result of different refractive index of the two media
Answer:
It actually depends on the angle at which the incident ray hits the boundary face between both mediums
So if the incident ray coming from an angle enters the rarer medium it causes the refracted ray to bend away from the line of the normal
Step-by-step explanation:
I hope it was of help I tried explaining the best I could
When the direct write-off method is used, an entry for bad debt expense is required Multiple choice question. when each sale is made. at the end of the year. only when bad debts are recorded on the tax return. when the account receivable is determined to be uncollectible.
Answer:
When the direct write-off method is used, an entry for bad debt expense is required
when the account receivable is determined to be uncollectible.
Explanation:
The direct write-off method requires that immediately an account receivable is deemed uncollectible, the amount is debited to the bad debts expense account with the corresponding credit entry in the accounts receivable account. The other method is the allowance method. Unlike the direct write-off method, the allowance method involves the debit entry to made in the Allowance for Uncollectible Accounts.
