Crafting a strategy involves blending deliberate, planned initiatives with emergent, unplanned reactive responses to changing circumstances, while abandoning planned strategy elements that have failed in the marketplace. This process also involves developing a five-year strategic plan and then fine-tuning it during the remainder of the plan period.
Additionally, it may involve trying to imitate some of the market leader's strategy, but it also requires doing everything possible to differentiate the company's product and/or service from its rivals. All of these accurately characterize the managerial process of crafting a company's strategy.
Crafting a strategy involves blending deliberate, planned initiatives with emergent, unplanned reactive responses to changing circumstances, while abandoning planned strategy elements that have failed in the marketplace. This process may include developing a five-year strategic plan and fine-tuning it during the remainder of the plan period.
It is important to differentiate the company's product and/or service from its rivals through various means such as price, quality, service, warranties, and advertising. Imitating the market leader's strategy may not always be the best approach, as it could lead to a competitive disadvantage. In summary, crafting a company's strategy requires a combination of deliberate planning and adaptation to market changes.
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Jax Recording Studio purchased $8,200 in electronic components from Music World. Jax signed a 90-day, 10% promissory note for $8,200. Music World's journal entry to record the sales transaction is:
A. Debit Notes Receivable $8,405; debit Interest Receivable $205; credit Sales $8,200
B. Debit Notes Receivable $8,405; credit Sales $8,405
C. Debit Accounts Receivable $8,405; credit Sales $8,405
D. Debit Accounts Receivable $8,200; credit Sales $8,200
E. Debit Notes Receivable $8,200; credit Sales $8,200
Answer:
E. Debit Notes Receivable $8,200; credit Sales $8,200
Explanation:
According to the problem, computation of the given data are as follows,
Sales on credit = $8,200
Notes receivable = $8,200
So, journal entries of the sales transaction are as follows,
Notes receivables A/c Dr. $8,200
To, Sales A/c. $ 8,200
(Being sales of equipment is recorded)
Why do you think it is better for the industry to advertise its product through magazine than newspapers.Give two reasons
Answer:
Magazines are more specifically targeting, offer higher scope of sale conversion.
Explanation:
Advertisement is done to persuade people for buying goods & services. It can be of various forms, eg - magazines & newspapers.
Magazines are better than newspapers, as -
Magazines are read by people specifically interested in the particular niche, so they are more likely to be prospective buyers of the product. Newspapers are comparatively less targeted form of advertisement, as they advertise to all the people, irrespective of their scope of interest in the good or service. Magazines are relatively more targeted in this case.How does the price of oil impact the price of food?
Answer:
The price of Oil effect the price of food because it all works together in the economy/system
Explanation:
3. Considered the back office", Involves behind the scenes paperwork
required to complete all transactions. Found in both the service and the
manufacturing sector *
Answer:
The back office is the portion of a company made up of administration and support personnel, who are not client-facing. Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services.
Explanation:
Michael is a manager for a high-tech company. He is analyzing the results of his teams, and the stats startle him. The performance numbers are not where they were projected, even though quality and speed were up to par. What could describe the performance concerns Michael is having?
Answer:
Performance ambiguity
Explanation:
Performance ambiguity refers to the failure to understand why performance is failing to meet projections.
Since we are told his team on average did well on quality and speed, it becomes troubling or an issue of concern for the Manager when he cannot understand why the performance numbers are not where they were projected.
If the Commission revokes a principal broker's license, all licensees under the supervision of that broker O A. Are unaffected. O B. May continue to perform real estate activities for 30 days after the principal broker's revocation of license. O C. Are not allowed to perform any real estate activity until another principal broker is brought in the firm. O D. Will also have their licenses automatically revoked
C. Are not allowed to perform any real estate activity until another principal broker is brought in the firm.
When a principal broker's license is revoked, the licensees under their supervision are typically not allowed to perform any real estate activities until another principal broker is appointed to oversee the firm. This is because the principal broker is responsible for the supervision and oversight of the licensees, and without a valid principal broker in place, the licensees are unable to conduct real estate activities legally.
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first person get brianlyeist
Answer:
yay
Explanation:
Deciding to do the right or wrong thing is based on making what type of decision?
ethical
business ethics
unethical
a code
Answer:
ethical
Explanation:
red when choosing a form of ownership
o
Read the scenario below and answer the questions that follow
SHINING STAR BUS COMPANY (PTY) Ltd
Shining Star Bus Company (Pty) Ltd transport passengers to different provinces at a
reasonable price. The management of the company wants to convert the company into a
company that will allow them to sell shares to the public through the Johannesburg
Security Exchange(JSE).
1.6.1 Identify TWO forms of ownership that are represented by the scenario above
Motivate your answer by quoting from the scenario.
Answer:
see below
Explanation:
1. Private Limited Company
A private limited company is an acknowledged legal entity whose shares are held privately by the founders. The shareholders are the owners. They are not allowed to trade their shares to the public through the security exchange. SHINING STAR BUS COMPANY (PTY) Ltd is currently a limited private company. Transfer of shares has to be between the existing shareholders, the bus company, and requires authorization. The shareholders have limited liability to the company's debts and are entitled to a share in the company profits.
2. Public Limited Company
A public limited company is recognized as a legal and separate entity from its owners. Unlike a private limited company, the shares of a public limited company are traded in the security exchange markets. It means ownership of a public company is open to the public. The management of SHINING STAR BUS COMPANY (PTY) Ltd wants to convert it to a public limited company. After the conversion, its shares will be traded at the Johannesburg Security Exchange(JSE).
Steven manages a team responsible for opening new restaurants of a large, fast-food chain. His team goal is to open eight restaurants in four months' time, and he's mapped out a plan for breaking this goal into actual tasks and projects. As Steven's mentor, what advice do you give him for managing obstacles that might disrupt his progress?
Answer:
divide all of the current obstacles by the level of urgency and take it one step at a time
Explanation:
When making any sort of plans there will always be unexpected obstacles that prevent/disrupt you from making progress. In these situations, the best advice would be to divide all of the current obstacles by the level of urgency and take it one step at a time. If you try to solve all the problems at once you will get overwhelmed and stressed out. Instead solve one at a time, focusing on the more urgent problems first.
why do your feet stink
Answer:
feet become smelly if sweat soaks into shoes and they don't dry before you wear them again. Bacteria on the skin break down sweat as it comes from the pores.
A U.S. Treasury bond pays a 4.5% coupon rate, has a $1,000 par value, and matures 30 years from now in 2050. The bond’s bid quote is 116:10 and the ask quote is 116:12. Coupon payments are semiannual. If you purchase this bond now and hold it until 2050, what would be your annual yield to maturity?
Answer:
yield of maturity =3.60 %
Explanation:
given data
face value FV = $1000
coupon rate r = 4.5%
no of compounding peryear = 2
time period t = 30 year
solution
first we get here interest per period that is PMT
PMT = FV × r ÷ 2
PMT = 1000 × 4.5% ÷ 2 = 23
now we get here bond value that is
bond value = 1000 × (116 + \(\frac{12}{32}\) )%
bond value = 1163.75
and
number of compound period till the maturity will be NPER
NPER = no of compounding peryear × time period
NPER = 30 × 2 = 60
so now we get here yield of maturity by excel formula that is
yield of maturity = RATE(NPER,PMT,-PV,FV) × 2
yield of maturity = RATE(60,22.5,-1163.75,1000) × 2
yield of maturity =3.60 %
The marketing and product development teams at Kyle's company meet once each month to brainstorm ideas. This monthly meeting is an example of a(n) Blank______ used at Kyle's company.
The monthly meeting held by Kyle's company's marketing and product development teams is an example of a cross-functional team.
Cross-functional teams bring together individuals from different departments or areas of expertise to work on a specific project or goal. In this case, the marketing and product development teams are coming together to brainstorm ideas for new products, which requires input and collaboration from both teams to create a successful outcome. Cross-functional teams are becoming increasingly popular in modern workplaces as they encourage collaboration and communication between departments, resulting in a more efficient and innovative work environment. By bringing together people with different backgrounds and perspectives, cross-functional teams can often produce more creative and effective solutions to complex problems. Additionally, cross-functional teams can help break down silos and promote a culture of teamwork and cooperation, leading to improved employee satisfaction and overall company success.
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The Income Statement and Balance Sheet can tell you your return on equity: profit divided by equity. Last year you made a profit of $74,261 and the balance sheet shows your ending equity at $2,497,286. What is your return on equity? a) About 3% b) about 4% c) about 6% d) about 9%
Answer:
Return on equity = 3% (Approx.)
Explanation:
Given:
Profit = $74,261
Ending equity = $2,497,286
Find:
Return on equity
Computation:
Return on equity = [Profit / Ending equity]100
Return on equity = [74,261/2,497,286]100
Return on equity = 2.9736
Return on equity = 3% (Approx.)
A Stove Can be bought on hire purchase by making a deposit of $750
and 15 monthly installments of $185 each. Calculate the hire Purchase
Price of the stove
Answer:
$3,525.00
Explanation:
The hire purchase price will be the sum of the deposit and the total monthly installments.
The deposit is $750
Monthly installments =monthly fee multiplied by 15 months
=$185 x 15
=$2,775.00
Hire purchase cost will be
=$2,775.00 +$750
=$3,525.00
What is the net change in non-cash working capital that would appear on the cash flow statement given the following: i) Increase in cash of $500 ii) Increase in accounts receivables of $800 ii) Decrease in inventories of $350 iv) Decrease in prepaid expenses of $225 v) Increase in PP&E of $950 vi) Increase in accounts payable of $400
Answer:
$175
Explanation:
The change in non-cash working capital that would appear on the cash flow statement is calculated as:
Increase in accounts receivable -$800
Decrease in inventories $350
Decrease in prepaid expenses $225
Increase in accounts payable $400
______
Change in Non-Cash Working Capital --) $175
Hope my answer is helpful :)
The net change in non-cash working capital that would appear on the cash flow statement is $175.
Increase in accounts receivable ($800)
Add Decrease in inventories $350
Add Decrease in prepaid expenses $225
Add Increase in accounts payable $400
Change in Non-Cash Working Capital $175
Inconclusion the net change in non-cash working capital that would appear on the cash flow statement is $175.
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Name two things other than the 5 C’s that can affect pricing
Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market
Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).
Give a brief account on marketing management.Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :
Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observationTo know more about, marketing management, visit :
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The complete question is mentioned below :
"Positioning" is a marketing management aid that refers to: ______
A) how customers think about proposed and/or present brands in a market.
B) a product's ability to provide both immediate satisfaction and social responsibility.
C) how a firm approaches customer relationship management.
D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.
E) all of these alternatives are true.
ABC Book Company has $1 million in cash, $8 million worth of property, and $50,000 worth of equipment and furniture. What is the total value of ABC Book Company’s assets?
Select One:
a. $9,050,000
b. $1,000,000
c. $9,000,000
d. $50,000
Answer:
a. $9,050,000
Explanation:
You just need to add that all together
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Owners of a boat rental company that charges customers between $95 and $475 per day have determined that the number of boats rented per day n can be modeled by the linear function n(p) = 950 - 2p, where p is the daily rental charge. How much should the company charge each customer per day to maximize revenue?
The boat rental company should charge $238 per day to maximize revenue. This is determined by setting the derivative of the linear equation, n(p) = 950 - 2p, equal to zero.
This gives us p = 475, which is the maximum revenue the company can make with their current pricing range. By charging $238 per day, the company can make the most revenue from their customers because the equation indicates that the number of boats rented decreases by two for each dollar increase in the daily rental fee.
Thus, charging $238 will allow the company to maximize their revenue while still keeping their fees within their current pricing range.
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consider the costs of the wedding of a rich man's daughter to be held in historical location in washington, d.c. two hundred guests are expected to attend.
When organizing a wedding, the costs can vary greatly depending on a variety of factors such as location, the number of guests expected to attend, catering, entertainment, and more. In the case of a wedding of a rich man's daughter to be held in a historical location in Washington, D.C., it can be expected that the costs will be quite high, especially with two hundred guests expected to attend.
The location alone will likely be a significant expense. Historical locations are often in high demand and require extensive maintenance to keep them in good condition. Additionally, there may be fees associated with reserving the location for a private event. Depending on the specific location, these fees could easily amount to tens of thousands of dollars.
Another significant expense will be catering. With two hundred guests expected to attend, a considerable amount of food and drink will be required. High-end catering services that provide high-quality food and excellent service can cost anywhere from $150 to $500 per person. With two hundred guests, catering alone could cost $30,000 to $100,000.
In addition to catering, other wedding expenses to consider include:
- Venue rental fees
- Floral arrangements and décor
- Photography and videography
- Entertainment (e.g., music, DJ)
- Wedding dress and accessories
- Transportation
When all of these expenses are considered, the cost of the wedding could easily exceed $500,000 or even $1 million, depending on the specific choices made by the couple. Overall, the wedding of a rich man's daughter in a historical location in Washington, D.C., with two hundred guests expected to attend is likely to be a very costly affair.
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Describe the internal control issue in the following situation. The mail clerk opens the mail, records the receipts, and turns this record and the receipts over to the bookkeeper, who deposits the receipts in the bank. The bookkeeper then records the receipts in the customer accounts.
The internal control issue in the situation with the mail clerk opening the mail and recording the receipts, and the bookkeeper recording the deposits, is Segregation of Duties.
What is the Segregation of Duties internal control ?The procedures, checks, and balances that must be put in place when a business expands are known as internal controls. Any component of your business, from IT to human resources, can be related to internal controls.
One important internal control is the separation of duties, which prevents employees from being able to commit fraud or errors while also covering them up while performing their regular duties.
The idea that managing a firm shouldn't be the responsibility of one person forms the cornerstone of segregation of roles. No one individual should be in charge of any task that could result in fraud or other illegal activities that could hurt the business.
This is why the mail clerk and the bookkeeper should not be doing the number of tasks that they do.
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what does the going concern concept mean?
A)a business is profitable
B)a business will continue to operate for the foreseeable future
C) the assets of a business exceed its liabilities
D)the assets of a business should be evaluated at disposal value
Answer:
B)a business will continue to operate for the foreseeable future
Explanation:
The concept of 'going concern' means that a business will continue to operate into the foreseeable future. It implies that a business has a long life and is no danger of shutting down or being liquidated.
The going concern concept may be applied when a business is being sold or acquired. When a business is being sold as a going concern, it means that it is being sold as a unit. After the transaction, the business is expected to continue with its operations as normal.
Why would applying to as many scholarships as possible reduce your student debt?
Most scholarships provide financial/tuition aid. This means more of your tuition is paid out of the organization/government's pocket, versus out of your own. With no scholarships, you'd likely need to get a loan to fully pay off tuition; which would launch you into student debt. With partially paid off tuition, you don't need nearly as much money for tuition (but likely still need a loan), so this debt would be reduced by quite a bit.
the insured has incurred extraordinary expenses with the use of a public adjuster and seeks compensation for those expenses in their crime claim. will the crime policy form pay for those expenses?
No, the crime policy form will not pay for those expenses incurred by the insured for the use of a public adjuster.
The coverage provided by a crime insurance policy typically focuses on financial losses resulting from specified criminal activities such as theft, embezzlement, forgery, or fraud. Expenses incurred with the use of a public adjuster, while potentially beneficial for navigating the claims process, may not be covered under a standard crime policy.
Crime policies typically have specific coverage limits and exclusions, and they are designed to reimburse the insured for direct financial losses caused by criminal acts. Expenses related to hiring a public adjuster are typically considered indirect expenses and may not fall within the scope of coverage provided by a crime policy.
To determine if the crime policy will pay for the expenses incurred with a public adjuster, it is essential to carefully review the terms and conditions of the policy. It is recommended to consult the insurance policy contract, speak with the insurance provider or agent, or seek legal advice to understand the specific coverage and exclusions applicable to the situation.
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List 20 items in your home that are made of fabrics and fibers plzzzzzzzzzz i need help
Why is a brand important to a business?
A person's cognitive biases are MOST likely to affect what?
Question 1 options:
how their brains filter information
whether they use email or instant messaging
how much money they make
what kind of jargon they use
Question 2 (1 point)
Which of these is a secondary emotion?
Question 2 options:
fear
jealousy
anger
sadness
Question 3 (1 point)
Every afternoon at one o'clock, the air conditioner in Emilio's office turns on to lower the temperature by five degrees. Emilio finds it way too cold and it distracts him from his work. In this case, which element is affecting his perception and emotions?
Question 3 options:
culture
personality
physical environment
social media
Question 4 (1 point)
Hotaru is from Japan, where it is very common for multiple generations to live together. She is not judgmental of a 25-year-old man who lives with his parents because of her what?
Question 4 options:
physical environment
personality
culture
age
Question 5 (1 point)
Danielle tends to roll her eyes when listening to her little sister tell a story. What step should she take to increase her emotional awareness to address this issue?
Question 5 options:
consider her own feelings
monitor her facial expressions
operate on trust
be more empathetic
In Psychology, framing effect can be defined as a cognitive bias wherein a person's choice from a group of options is primarily influenced by the positive or negative connotations pertaining to the options that are available.
What is cultural diversity?Cultural diversity can be defined as an existence of cultural variety and cultural differences due to the presence of several ethnic groups that are living within a society.
In this context, we can logically deduce that some examples of distinctive cultural characteristics that differentiate groups are:
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During a group session, the only Persian member and another member ended up in a heated debate about cultural differences. The leader, also Persian, was caught off guard and unsure of how to address the situation in the moment, struggling with an internal conflict. What was the leader’s fear?A) Connecting with the Persian member.
B) Overidentifying with the non-Persian member.
C) Connecting with the non-Persian member.
D) Overidentifying with the Persian member.
Answer: D. Overidentifying with the Persian member.
Explanation:
The leaders fear in this case is over identifying with the Persian member. Since the leader is Persian, he is afraid that he could overidentify with the Persian member and this could bring about biasness with the way he handles the issue.
Therefore, based on the given options, the correct answer is D.