It is crucial to recognize that, as black swan events in the past have shown, stakeholders can influence or be affected by a firm's actions in the context of strategic management.
The management of an organization's resources to accomplish its goals and objectives is known as strategic management. Setting goals, assessing the external and internal environments of the firm, reviewing strategies, and ensuring that management implements the strategies across the organization are all part of strategic management.
There are various schools of thought in strategic management. While a descriptive method focuses on how strategies should be implemented, a prescriptive approach to strategic management specifies how strategies should be established.
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Which marriott premium brand is designed with one thing mind: the well-being of its guests?
The entity called the "Westin Hotels & Resorts" is the Marriott premium brand that is designed with one thing mind "the well-being of its guests".
What is a premium brand?In marketing, we can define a premium brand as any individual, company, product or service that is generally perceived to have exceptional value in the target market’s mind. That is, the premium brands have the It Factor.
These brands are known to offer a combination of supreme quality, value, purpose, and exceptional experience. The price is not the only characteristic that makes a brand “premium”, the other factors includes:
they outsell competitors on a per-unit basishigher customer satisfaction ratingshigher customer retention rates and repeat buyersa customer base that promotes the brandRead more about premium
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What continuously changes and provides business solutions to ever-changing business operations?
A dynamic approach in business is one that continuously changes and provides business solutions to ever-changing business operation.
What is a dynamic approach in business?It involves an approach that entails a flexible & adaptive attitude towards the company's business model and relies on embedded business networks to reconfigure, develop and adapt the business model to events and changes in the business environment.
The dynamic approach is important because it help to ensure that a business can respond appropriately to changes that may represent both potential opportunities and new threats to its operations.
Therefore, the dynamic approach in business is one that continuously changes and provides business solutions to ever-changing business operation.
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Hich statement is true about crop/hail insurance? a it is not subject to any deductible b it covers only one growi
Option{B} is the correct answer. Crop/hail insurance covers only one growing season. Crop Hail covering offers defense against fire and/or hail-related physical harm. Extended coverages including those for fire and lightning, theft, vandalism, and malicious mischief.
What Is Insurance for Crop Hail?Crop-hail insurance is a type of insurance that covers loss and destruction brought on by both fire and hail. It is a product that farmers buy to safeguard agricultural goods while they are still in the field and unharvested.
Farmers, who are frequently at the whim of unforeseen weather disasters, can have their livelihoods protected by crop-hail insurance. The special ability of hail to completely destroy a sizable portion of a planted field while leaving the remainder undamaged is why it is singled out.
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The investment spending category of gross domestic product (gdp) does not include:_________
The investment spending category of GDP does not include purchases of new equipment.
The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough scorecard of the state of the economy in a particular nation because it is a broad indicator of total domestic production.
Even while GDP is frequently estimated on a yearly basis, it can also be calculated quarterly. For instance, the government of the United States produces an annualized GDP estimate for both the calendar year and each fiscal quarter. Each piece of data in this report is presented in real terms, which means that it has been adjusted for price changes and is therefore net of inflation.
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Randy produces rubber gaskets for model airplane engines, and his strategy focuses on being the lowest cost provider for this market. what competitive strategy is randy employing?
The competitive strategy used by the Randy is Cost focus techniques.
What is Competitive Strategy?A competitive strategy refers to the strategy used by the businessman and the companies in order to earn competitive advantage over the others. It is the set of techniques and policies used by the company to improve its competitive position.
There are three types of the competitive strategy that is : Cost Leadership, Differentiation and Focus. In this Cost focus, strategy refers to the technique in which the competition is made on the basis of the lower cost to attract the customers.
Therefore, it can be concluded that Cost focus techniques are used in the above scenario.
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The business cycle is the? a. relationship between unemployment and inflation. b. irregular fluctuations in economic activity. c. positive relationship between the quantity of money in
The business cycle is the
d. irregular unpredictable changes in economic activity.
What is meant by the business cycle?Business cycles are a type of change found in the aggregate economic activity of a nation, a cycle that consists of developments occurring at about the same time in many financial activities, followed by similarly general squeezes (recessions).
What is the relationship between the business cycle and inflation?Unemployment rises during business cycle recessions and declines during business cycle developments (recoveries). Inflation declines during recessions and increases during evolutions (recoveries).
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Lindsey inc. has total sales revenues of $440,000. if its total fixed costs are $70,000 and its total variable costs are $152,000, the contribution margin is:_________-
Lindsey inc. has total sales revenues of $440,000. if its total fixed costs are $70,000 and its total variable costs are $152,000, the contribution margin is $288,000
What is Total Variable Cost?
The sum of all variable expenses related to the cost of products sold within a reporting period is known as the total variable cost. In analyzing the profitability of corporations, it is a crucial element. Only costs that change in response to production or sales volume are included in the total variable cost. It is not compiled down to the level of every single unit. Direct labor is probably the biggest part of a company's total variable cost if it is in the services industry. This is due to the fact that billable hours, along with the associated costs of payroll taxes and employee benefits, make up the majority of the cost of goods sold.
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You are tasked to build a tracking system for the employees of a company design a class to represent an employee in this system
Building a tracking system for employees of a company design a class to represent employee is a very good idea. Tracking system in a company helps in many ways like to understand project costs, bill accurately, payout employees according to the hours they spent, to determine employees who are available on time, and plan new projects. There are lot of features needed in a software to ensure all of these functions happen automatically and accurately.
Time tracking software allow you to aanalyz how employees spend their workday — from managing strategic assignments to working on admin tasks — resulting in improved productivity. you can also track your employee time to monitor meetings, projects, and resources. All this will give you the chance to analyze the workflow and fix the gaps.
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The opportunities for mass production created by the __________ spawned intense and systematic thought about management problems and issues
The opportunities for mass production created by the Industrial revolution spawned intense and systematic thought about management problems and issues
What is Industrial revolution ?The Industrial Revolution can be described as the period of scientific as well as the technological development that took place in the 18th century.
It should be noted that this brought about the transformation of largely rural, agrarian societies, hence The opportunities for mass production created by the Industrial revolution spawned intense and systematic thought about management problems and issues
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Under ________, the market consists of many buyers and sellers who trade over a range of prices rather than a single market price.
Under monopolistic competition, the market consists of many buyers and sellers who trade over a range of prices rather than a single market price.
Monopolistic competition generally exists when many companies do offer competing products and services which are similar but not perfect substitutes.
The barriers which are there to entry in a monopolistic competitive industry are very low and the decisions of any one firm generally do not directly affect its competitors. The competing companies commonly differentiate themselves based on pricing as well as marketing decisions.
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When marketers _____, they take into account the fact that customers are different, customers change, competitors change and react, and organizational resources are limited
When marketers Enter into the strategic marketing process, they take into account the fact that customers are different, customers change, competitors change and react, and organizational resources are limited.
What is the strategic marketing process?The term strategic marketing process is the term that has to do with the conduction and the establishment of goals and research that would be effective for the conduction of research that would be useful in the overall marketing of the products of the business.
This is the process that is useful that can make the business to have an intentional marketing.
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Mission statements should be defined in terms of satisfying basic customer needs. In other words, they should be __________.
Mission statements should be defined in terms of satisfying basic customer needs. In other words, they should be market oriented.
What is mission statement?
A mission statement is characterized as an action-based declaration of an organization's goal and its approach to serving customers. This can occasionally include an explanation of the business, what it does, and its goals. A brief overview of your company's goals is contained in your mission statement.
A mission statement should place more emphasis on meeting customer demands than on the product. Although products and technologies eventually become old, fundamental market demands might not. A firm is defined by its market-oriented mission statement in terms of meeting fundamental customer needs.
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Staples offers quality customer service and its own brand of products to establish a:________
Staples offers quality customer service and its own brand of products to establish a competitive advantage.
What are the pillars of excellent customer service?The top suppliers base their companies on the following five pillars:
a) Putting people ahead of systems.
b) Paying attention to customers.
c) Caring and going above and above.
d) Employees who feel empowered.
Essentially, the three key components of good customer service "P"s are professionalism, patience, and a people-first mindset. Although every consumer has different expectations, as long as you abide by these rules.
You must welcome consumers and speak to them in a way that is natural and appropriate for the given circumstance if you want to develop strong customer connections. Demonstrate to them that you are aware of their demands.
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A property is assessed at $64,410. the county tax rate is 8.9 mills per dollar. what would the monthly payment for taxes be to the escrow account? (round to the nearest dollar.)
The monthly payment for taxes be to the escrow account to $48
$48 Assessed value × tax rate = annual tax amount ÷ 12 = monthly tax amount
8.9 mills ÷ 1,000 = 0.0089 tax rate
$64,410 × 0.0089 = $573.25 annual tax ÷ 12 = $47.77, rounded to $48
What is property?Anything over which a person or a company has legal ownership is considered property. Property can refer to both real objects, like homes, automobiles, or appliances, as well as intangible items with the potential for future value, like stock and bond certificates.
Corporeal property and incorporeal property are the two primary forms of property. Corporeal Property is visible and tangible, but incorporeal Property is not. Additionally, corporeal property refers to the ownership of tangible objects, whereas incorporeal property refers to an intangible right in real estate.
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A(n) ___________ is a specific group of potential customers toward which an organization directs its marketing program.
A target market, it is a specific group of potential customers toward which an organization directs its marketing program.
What is target market?
A target market is a segment of customers in a company's serviceable market that the company directs its marketing efforts and financial resources toward.
The target market is often made up of customers that share certain qualities (such as age, location, income, or lifestyle), are thought to be most likely to purchase a company's products, or are probably the most lucrative customer segments for the company to serve by OCHOM.
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Trek bicycle purchases only the highest quality raw materials to make products that will live up to its mission to build the best bikes in the world. As an organizational buyer, trek operates in which type of market?.
According to the aforementioned query, the trek bicycle industry serves the industrial market.
In an industrial market, businesses trade goods or services with other businesses rather than with a consumer base. This sector, also referred to as the business-to-business market, includes three different subsets: companies that sell goods, companies that sell raw materials, and companies that provide services. All three of these occur in various distinct industries.
The advantages of this sector above the conventional consumer market are numerous. The industrial market only focuses on the products and services used to create a distinct end product.
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Once a customer begins to have a positive experience with a service provider and builds a relationship with the firm, customer loyalty ________.
The correct answer is "customer loyalty tends to be greater for services than for products".
Customer loyalty is a bond between a consumer and a brand that motivates the consumer to make more purchases from the brand.
Why is client loyalty crucial?Higher profits come from more loyal customers. The main factor that makes loyal consumers so important to small businesses is that they increase revenue. By spending more money, every cliental visit builds up over time, to the point where a 5% improvement in customer retention will result in a 25% gain in profit.
Although high brand preference may come from consumer loyalty, the loyalty may not be exclusive. Repeat purchases can be made by customers from different brands within the same category.
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Loren+already+knows+that+he+will+have+$500,000+when+he+retires.+if+he+sets+up+a+payout+annuity+for+30+years+in+an+account+paying+10%+interest,+how+much+could+the+annuity+provide+each+month?+answer
Loren receives a monthly annuity of $221.19.
What exactly is an annuity?An annuity is a series of payments made on a regular basis.
Annuities include regular savings finance deposits, monthly insurance payments, monthly mortgage loan payments, and pension payments.
Annuities are distinguished by the frequency of payout dates.
Now, to answer the question;
The annuity calculation formula is as follows:
[tex]P_t=\frac{d\left[\left(1+\frac{\pi}{n}\right)^{n t}-1\right]}{\frac{2}{n}}[/tex]
[tex]P_t[/tex] = represents the account balance after t years.
d = recurring deposit (an amount person deposits every year or month)
r denotes the annual interest rate in (decimal form).
n refers to the number of compounding periods in a year.
t is the number of years.
Loren believes he will have $500,000 once he retires.
= $500,000
He creates a 30-year payout annuity in a 10% interest-paying account.
30 years = t
r = (10/100) = 0.1
The annuity could offer a monthly income.
n = 12
Substitute the above values in the formula.
500,000 = d[(1 + 0.1/12)∧12×30 - 1]/(10.1/12)
500,000 = d[(1.00833333)³⁰⁰ - 1]/0.00833333
500,000 = d [2260.487925]
Divide both sides by 2260.487925
d = $221.19
As a result, the monthly value of the annuity is $221.19.
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The correct question is -
Loren already knows that he will have $500,000 when he retires. If he sets up a payout annuity for 30 years in an account paying 10% interest, how much could the annuity provide each month?
A taxpayer paying his 10-year-old daughter $50,000 a year for consulting likely violates which doctrine?
A taxpayer paying his 10-year-old daughter $50,000 a year for consulting likely violates the constructive receipt doctrine.
This is further explained below.
What is constructive receipt doctrine.?Generally, When a money taxpayer receives gross income for federal income tax purposes, the theory of constructive receipt is applied to make this determination.
If a taxpayer has complete discretion over deciding when certain types of income will or should be paid, that person is liable for tax in the current year.
In conclusion, If a taxpayer gives his daughter, who is only ten years old, fifty thousand dollars a year for consulting work, the taxpayer has most certainly violated the constructive receipt law.
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Assets and costs are proportional to sales. debt and equity are not. the company maintains a constant 35 percent dividend payout ratio. what is the sustainable growth rate?
Based on the constant dividend payout ratio, the sustainable growth rate can be found to be 13.3%
How to find the sustainable growth rate?First, find the Return on Equity:
= Net income / Equity
= 3,160 / 15,400
= 20.519%
The Sustainable growth rate is:
= Return on Equity x (1 - dividend payout ratio)
Solving gives:
= 20.519% x (1 - 35%)
= 13.3%
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The study of individual choice and its implications for the behavior of prices and quantities in individual markets is?
The study of individual choice and its implications for the behavior of prices and quantities in individual markets is Microeconomics.
What is Microeconomics?A subfield of conventional economics called microeconomics examines how people and businesses respond when deciding how to distribute scarce resources and how these people and businesses interact with one another.In order to forecast how people would conduct in specific circumstances involving economic or financial transactions, microeconomics applies a set of fundamental principles. The laws of supply and demand, opportunity costs, and utility maximization are some examples of these rules. Microeconomics has business applications as well.Microeconomics explains how and why different things have varying values, how people and firms conduct themselves and profit from efficient production and trading, and how people can work together and coordinate their efforts to the greatest extent possible.Learn more about Microeconomics here:
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A common approach by managers in determining how to allocate scarce funds is to rank investment proposals by taking into account ______.
A common approach by managers in deciding how to allocate scarce funds is to rank investment proposals by taking into the account time value of money.
Why is the managerial approach important?This builds their faith, gives them a sense of achievement, and helps them evolve into more resourceful, decisive, and independent. As a manager, your role is to then keep a close eye on improvement and only provide guidance if you see things going awry. This course is a great default for day-to-day administration. Management procedures are techniques that are used to direct and control an association.
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An exchange rate that is set at a specific value and maintained over time is a(n) __________ exchange rate.
Fixed Exchange Rate is fixed at a certain value and preserved across time.
A fixed exchange rate is a system used by a government or central bank that links the value of the nation's official currency to the currency of another nation or the price of gold. For exporters and importers, fixed rates offer more assurance. In addition, fixed rates assist the government in preserving low inflation, which, over time, lowers interest rates and promotes investment and commerce.
The majority of large industrialized countries have had floating exchange rate regimes, in which the price of a currency is determined by its current value on the foreign exchange market (forex). While fixed-rate systems are still used in developing economies, this trend started in these countries in the early 1970s.
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Two of the major disadvantages of the ________ organizational approach are that projects may lack focus and it can take longer to complete projects.
Two of the major disadvantages of the functional organizational approach are that projects may lack focus and it can take longer to complete projects.
A challenge is any task, carried out in my opinion or collaboratively and likely regarding studies or layout, that is carefully planned to advantage a particular reason.
A project additionally can be described as a tough and speedy of inputs and outputs required to attain a selected purpose. Initiatives can range from easy to complicated and can be managed through one character or one hundred.
A venture definition (additionally called an assignment constitution) is a record that establishes the key objectives and phrases of a venture. Right undertaking definition paves the manner for on-time and on-budget delivery because it lowers the chance of scope creep, price range overrun, and worker burnout.
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Much of your workplace communication will occur during in-person or online meetings. if you're leading a meeting, you can help to make sure it's productive by?
Much of your workplace communication will occur during in-person or online meetings. If you're leading a meeting, you can help to make sure it's productive by preparing carefully .
Face-to-face communication: what is it?When two or more people are present for each other's interactions, face-to-face engagement and conversation takes place. This conversation might occur in person or online.
Face-to-face conversations frequently result in more effective communication than written or audio-only ones. This is because seeing one another makes it easier for us to read body language and nonverbal signs. Additionally, since a lot of communication takes place nonverbally, being able to see one another improves our understanding of one another.
Effective team members understand that face-to-face interaction strengthens their bonds with their leaders.
For instance, you are aware that it is best to speak with an employee face-to-face when you need to have a difficult talk.
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What are the units for multifactor productivity of a fish market serving a number of customers with hours of labor, square feet of facility space, and equipment cost?
Multifactor productivity of a fish market serving a number of customers with hours of labor, square feet of facility space, and equipment cost, is 0.167 unit per dollar.
Multifactor Productivity
A measure of economic performance known as multifactor productivity (MFP) contrasts the quantity of output with the quantity of all the inputs utilised to achieve that output. Combinations of inputs may include acquired labour, money, energy, supplies, and services.
What is the formula for multifactor productivity?
The MFP equation is:
Cost per unit is calculated as follows: output units / (inputs of labour, capital, and materials).
A marketing company employs Amanda as their team manager.
Productivity equals 25 units divided by $400, or 0.06 units per dollar.
Multifactor productivity calculation:
Output = 300 units
Input:
Labor cost: 3 workers $20 8 hours = $480
Material cost: 600 pounds * $1 = $600
Overhead cost: $480 * 1.5 = $720
=300 / (480+600+720)
= 0.167 units per dollar
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Complete Question
A community health nurse is working to support programs to encourage preschool immunizations. the nurse is integrating which ethical principle in his or her practice?
In order to promote preschool vaccines, the nurse has incorporated the beneficence ethical concept into her professional practice.
What do you mean by vaccines for preschoolers?Children must receive two booster shots before starting school. They are protected from polio, whooping cough, diphtheria, and tetanus with just one shot. The second shot strengthens your child's defenses against rubella, measles, and mumps. These vaccinations are given to your child when they are approximately three years and four months old. Your child's level of antibodies will be updated or topped off by the pre-school immunizations, also known as pre-school boosters, which will help to keep them protected. Babies' immunizations can cause their immunity against diphtheria, tetanus, whooping cough, and polio to wane over time. The MMR vaccine gives people a second chance since sometimes they do not gain full protection to measles, mumps, or rubella after just one dose.
The moral responsibility to act in others' best interests is known as the principle of beneficence. Because it guarantees that healthcare providers take into account unique situations and keep in mind that what is wonderful for one patient may not always be fantastic for another, beneficence is crucial.
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Factors of production are? scarce in every society. scarce only in advanced countries. scarce only in the poorest countries of the world. unlimited in quantity.
Factors of production are scarce in every society.
What are the factors of production?Factors of production are the resources that are used in the production of goods and services. Factors of production are scarce and this is why it is important to use them in the activities that would maximise their use.
There are four factors of production in economics. They include - land, labor, capital and entrepreneurship.
Land includes all the natural resources that are used to produce goods and services e.g. gold mine. Labor is the human effort that is exerted in the production of goods and services. Capital includes machinery and man made resources used in production. An entrepreneur is a person who combines the other factors of production together
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All else constant, an increase in inventory will have what effect on operating cash flow?
An increase in inventory would decrease the cash flow.
An increase in current asset implies a blockage of funds, like in this instance, a blockage of funds in the company's inventory, which implies cash outflow and lowers the cash flow from operating activities using the indirect approach.
What is Operating cash flow?
An essential metric for assessing the financial performance of a company's main business operations is operating cash flow.A cash flow statement's opening part, which also contains cash from investing and financing activities, shows operating cash flow.The indirect method and the direct approach are both ways to show operating cash flow on a cash flow statement.The indirect technique starts with the income statement's net income and then subtracts non-cash items to get the cash base amount.The focus of operating cash flows is on cash inflows and outflows associated with a company's core business operations, including the sale and purchase of inventories, the provision of services, and the payment of salaries.To know more about Operating cash flow visit:
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Some retailers, such as the dollar store, dollar tree, and family dollar, profitably focus on buyers with modest means. this is an example of __________.
Some businesses, such the $1 store, dollar tree, and family dollar, profitably target customers with limited resources. An illustration of market targeting is this.
In marketing, targeting is segmenting your target market and creating marketing campaigns that will reach the groups that are most likely to respond to your efforts. The success you have in reaching potential clients can be significantly improved with target marketing.
In marketing, the term "targeting" typically refers to a three-step procedure used by marketers to identify the ideal segment to target. This method is known as STP in marketing, which stands for segmentation, targeting, and promotion. Marketers divide their target audience into segments based on demographics like age, geography, interests, hobbies, or past purchasing patterns.
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