Strategic management focuses on integrating management, ________, and information systems to achieve organizational success.
A) marketing
B) finance/accounting
C) production/operations
D) research and development
E) all of the above
Answers
Strategic management focuses on integrating management, information systems, and other key functions to achieve organizational success. In this context, the correct answer is E) all of the above.
Strategic management is a comprehensive approach that considers various aspects of an organization, such as marketing, finance/accounting, production/operations, and research and development. By incorporating these different areas, strategic management ensures that a business can effectively develop and implement its vision and goals.
Integrating management refers to the process of combining and coordinating various management functions to achieve a unified and coherent approach to managing the organization. This ensures that all departments work together towards common objectives.
Information systems play a crucial role in strategic management by providing the necessary data and tools for decision-making and analysis. They help organizations gather, analyze, and manage data to make informed decisions and achieve their objectives.
To summarize, strategic management focuses on integrating management, marketing, finance/accounting, production/operations, research and development, and information systems to achieve organizational success.
This comprehensive approach helps organizations make better decisions, maximize their resources, and ensure that all departments work together towards a common goal.
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Related Questions
The Kingdom of Mocha enjoys no absolute advantage in crude oil, diamonds, or wool. However, the Mochans manufacture high-quality bows and arrows. Which statement about the Mochans is true?
Answers
Answer:
The Mochans have a comparative advantage in the production of bows and arrows.
Explanation:
Comparative advantage is defined as the ability of a country to produce a product at a lower cost compared to other countries.
In such a situation it will be cheaper for other countries to buy the products than to produce it themselves.
In this scenario the Mochans manufacture high-quality bows and arrows, so they have comparative advantage in producing these goods.
However they have no absolute advantage in crude oil, diamonds, or wool. So they do not have comparative advantage in producing these products and will be better off buying them from other countries that produce them at a cheap rate
alright, anyone got any chocalate
Answers
Answer:
No, I don't really like chocolate.
Explanation:
Answer:
Yes.
Explanation:
But sadly I can't give them away.
#teamtrees #WAP (Water And Plant)
Calculate the range of potential annual returns if you invested 10% in bonds and 90% in stocks. How does this compare with the range of potential annual returns if you invested 10% in stocks and 90% bonds?
Answers
Answer:
From the graph, if you invest 10% in bonds and 90% in stocks, the range of potential return is given as +49.8% to -39.0% with a average of 9.9% whereas if investment is made by 10% in stocks and 90% in bonds, then the range of annual returns would become +31.2% to -8.2% with a average of 6%. Therefore, as the investment in stocks increases the average annual returns also increase.
Explanation:
Hope this helps!
Why very few subsistence economies exist today
Answers
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
The school that lisa goes to is selling tickets to the annual talent show. On the first day of ticket sales, the school sold 20 adult tickets and 40 student tickets for a total of $220. On the second day they made $250 by selling 20 adult tickets and 50 student tickets. What is the price of one adult ticket?.
Answers
The price of one senior citizen ticket is $5 and this can be determined by forming the linear equation in two variables.
In arithmetic, a variable (from Latin variabilis, "changeable") is a image that represents a mathematical item. A variable can also constitute a variety of, a vector, a matrix, a function, the argument of a function, a fixed, or an detail of a fixed. Algebraic computations with variables as if they have been express numbers remedy quite a number issues in a unmarried computation. for example, the quadratic components solves any quadratic equation by way of substituting the numeric values of the coefficients of that equation for the variables that constitute them inside the quadratic method. In mathematical good judgment, a variable is either a symbol representing an unspecified term of the theory (a meta-variable), or a primary item of the theory this is manipulated without regarding its feasible intuitive interpretation.
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1; Choose a business or an industry that is considered as a perfect market and explain which characteristics of a perfect market are not met by this business or industry.
Answers
Answer:
hey what kind of watch is that in your profile pic
The __________ component of a business model outlines the utility that the product or service has to offer the customer
Answers
The Value Proposition component of a business model outlines the utility that the product or service has to offer the customer.
The nine building pieces that make up the business model canvas illustrate what drives a company's success. The business model canvas is expanded upon in the value proposition canvas. Its main emphasis is on creating a compelling value proposition, which is a key component of a long-term business strategy.
A value proposition is a succinct explanation of why customers should select your goods or services. The precise solution that your company offers and the promise of value that a customer might expect from you are more than just a description of your product or service.
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What is the return rate for brick-and-mortar stores?
A. 10%
B. 20%
C. 3%
D. 15%
Answers
The return rate for brick-and-mortar stores that one will receive is 3%. Hence, Option C is correct.
What is the return rate?A return rate is something that an individual receives in exchange or returns for something else. One can receive this return in various cases, like when someone has lent money to someone for a particular period of time.
In other words, the return rate, or rate of return, is the amount received after making any type of investment. The amount that they will receive in addition to that particular amount is the amount that gets after the calculation of the percentage of the return rate, and that percentage is fixed.
Therefore, it is the return that one has to make after the completion of the time period for which the investment has been made. Option C is correct.
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Which of the following describes a food retailer?
uses products from farmers and ranchers, commodity processors, and food manufacturers to offer food to their customers
supports the farmers and ranchers with feed and seed
transports the farmers’ and ranchers’ products and the processed and manufactured food products throughout the system
buys the processors’ products to make prepared food
Answers
Answer:
transports the farmers and ranchers
Answer:
B
Explanation:
Wilson company paid $5,500 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. The balance in the prepaid insurance account before adjustment at the end of the year is $5,500, and no adjustments had been made previously. The adjusting entry required on december 31 is:.
Answers
Wilson company paid $5,500 for a 4-month insurance premium in 1, with coverage beginning on that date It was two months from November 1 to December 31; therefore,and social x 2/4 = $4,800/ 2 = $2,400.
What word(s) describes adjustments?The words accommodate, adjust, conform, and reconcile are some frequent synonyms for adjust. Adjust denotes bringing anything into a close and accurate correspondence or harmony, like what exists between the pieces of a mechanism, even if all of these terms mean "to bring one item into correspondence with another."
Briefing
The adjusting entry required on December 31 is:
Debit Insurance Expense = $2,400 and credit Prepaid Insurance = $2,400.
this is how we calculate this;
Amount paid = $4,800
For months of insurance = 4
from 1st November to 31st December 2 months passed, So;
$4,800 x 2/4 = $4,800/ 2 = $2,400.
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The adjusting entry required on December 31 is: Debit: Insurance Expense - $1,375 and Credit: Prepaid Insurance - $1,375
What is the adjusting entry required on December 31?Debit: Insurance Expense - $1,375; Credit: Prepaid Insurance - $1,375
The prepaid insurance account is an asset account that records the amounts paid in advance for insurance coverage. At the end of the year, the company needs to make an adjusting entry to record the portion of the prepaid insurance that has been used up or expired.
The company paid $5,500 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The balance in the prepaid insurance account before adjustment at the end of the year is $5,500. To calculate the portion of the prepaid insurance that has been used up, we divide the total amount paid by the number of months covered: $5,500 / 4 months = $1,375.
Therefore, the company needs to debit Insurance Expense for $1,375 and credit Prepaid Insurance for $1,375. This entry recognizes the portion of the prepaid insurance that has been used up during the year.
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Which of the following does NOT explain why many people are not living on a budget?
People do not balance their checkbook on a monthly basis.
People find spending money a hobby and form of entertainment.
Or government is not modeling good budgeting skills.
People are unable to earn enough money to meet their financial obligations.
Answers
Answer:
People do not balance their checkbook on a monthly basis.
Explanation:
I just took the test
Outline why it is important for a business owner to respond to technological and global issues when establishing a business?
Answers
Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.
In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.
Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.
The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.
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discuss and record what global warming is and what greenhouse gases are. How does this connect to our research topic?
Answers
Answer:
Global warming describes the current rise in the average temperature of Earth’s air and oceans. Global warming is often described as the most recent example of climate change.
Greenhouse gases, such as carbon dioxide, methane, nitrous oxide, and certain synthetic chemicals, trap some of the Earth's outgoing energy, thus retaining heat in the atmosphere. This heat trapping causes changes in the radiative balance of the Earth—the balance between energy received from the sun and emitted from Earth—that alter climate and weather patterns at global and regional scales.
So I am not sure what is your topic about but this is the definition of global warming and greenhouse gases
when the price of good is RS4 the demand for the good is 25 units if the price increses to RS5 the demand falls to 15 units claculate the price elasticity
Answers
Original demand - New demand =
25 - 15 = 10
10/ 25 = 0.4%
Original price - New price =
4 - 5 = -1
-1/4 = -0.25%
0.4%/-0.25%
= -1.6
Price Elasticity = -1.6 %
A tax that takes a higher percentage of income from people with lower
incomes is a
A. progressive tax
B. deductive tax
C. dependent tax
D. regressive tax
Answers
A regressive tax is a tax that takes a higher percentage of income from people with lower incomes. Hence, option D is correct.
What is regressive tax?When the overall tax burden drops as income increases, the tax is said to be regressive. While middle- and high-income taxpayers suffer a proportionally smaller part of the tax burden, low-income taxpayers bear a disproportionately large share.
Every taxpayer, regardless of economic level, pays the same amount of money, a regressive tax may initially seem to be a fair method of taxing residents. A closer analysis reveals that such a tax results in lower-income persons paying a bigger percentage of their income than do wealthy ones.
Thus, option D is correct.
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flagstaff company has budgeted production units of 9,600 for july and 9,800 for august. the direct materials requirement per unit is 3 ounces (oz.). the company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 30% of the units of budgeted production in the following month. there was 8,640 ounces of direct material in inventory at the start of july. the total cost of direct materials purchases for the july direct materials budget, assuming the materials cost $1.10 per ounce, is:
Answers
The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.10 per ounce, is $31,878. Thus, option A is correct.
What is the market?"Market can be defined as a place where the individual, industry or a firm make their transaction that can be buying or selling of products or about rendering services. With the help of this they earn money. "
The cost that can be incurred is the price that the person needs to pay. Direct material to be bought:
= 9,600 x 3 + 30% x (9,800 x 3) - 8,640
= 28,800 + 8,820 - 8,640
= 28,980 * 1.10
= 31,878
Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
There were 8,640 ounces of direct material in inventory at the start of July. The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.10 per ounce, is:
$31,878.
$22,176.
$31,680.
$41,382.
$31,482.
The financial statement that reports the changes in the retained earnings and common stock for a period of time is known as the.
Answers
The statement of owner's equity—also called the statement of retained earnings—shows the change in retained earnings between the start and end of a period (e.g., a month or a year). The record reflects a company's solvency and financial position.
What are the three financial statements?The earnings report , record , and statement of money flows are required financial statements. These three statements are informative tools that traders can use to research a company's financial strength and provide a quick picture of a company's financial health and underlying value.
What is the statement of retained earnings ?
Reports the way that net and the distribution of dividends affected the financial position of the company during the accounting period. the sum of the share of net income which is not paid to the shareholder as dividend. the aim of the retained earnings is reinvestment
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leadership deals with internal and external environmental influences. provide an example of an internal and external environmental influence.
Answers
Leadership deals with both internal and external environmental influences. An example of an internal environmental influence is the organizational culture within a company, which includes shared values, beliefs, and norms among employees.
What are the examples?An example of an internal environmental influence is the company's culture, which is the set of beliefs, values, and customs that guide how people work together. It shapes how employees think about their work, customers, and other stakeholders.
An example of an external environmental influence is the competition, which is the rivalry among businesses that offer similar goods and services. Competitors may enter the market or launch new products, causing a company to lose market share or profits.
Leaders need to understand and shape the culture to create a positive work environment and foster employee engagement. An example of an external environmental influence is the competitive landscape within an industry. Leaders must be aware of competitors' strategies, products, and market positioning to make informed decisions that help their organization stay ahead in the market.
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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Which level of government funds the health care available to Native American tribes and Alaskan Natives
OA. state
OB. federal
OC. local
O D. tribal
Answers
Answer:
Explanation:
The Federal Government
hello answer my riddle what can run but not walk
Answers
Which of the following best describes entrepreneurial personality traits?
a
Risk averse and co-dependent.
Appreciate direction from others and risk averse.
Tolerant of uncertainty and highly energetic.
Prefer to work less hours and prefer to give directions and let others do the foot work
d
estion 5 (1 point
Hetailed written statement that describes the nature of the business, the customer segment, the
Answers
Tolerant of uncertainty and highly energetic.
The two important entrepreneurial personality traits are tolerance of uncertainty and high energy levels. Hence, Option (B) is correct.
Entrepreneurs must be tolerant of uncertainty because starting and running a business involves inherent risks and unpredictable outcomes.
They face numerous challenges, from market fluctuations to competition and unforeseen obstacles.
Tolerating uncertainty means they can handle the stress and pressure associated with these situations, adapt to changing circumstances, and make informed decisions amidst ambiguity.
High energy levels are crucial for entrepreneurs because they often work long hours, face multiple responsibilities, and encounter numerous demands.
Entrepreneurship requires dedication, passion, and a relentless drive to achieve goals.
Thus, these two traits, that are tolerance of uncertainty and high energy levels, are foundational for entrepreneurs.
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Which of the following best describes entrepreneurial personality traits?
A. Risk-averse and self-nurturing
B. Tolerant of uncertainty and highly energetic
C. Appreciative of direction from others and risk-averse
D. Preference for working fewer hours and letting others do the footwork
You are choosing the color scheme for a Web page. Which color is considered the color of extremes and is used to capture attention, and to indicate danger and anger? A: Green B:Red C: yellow D: purple thank you<3
Answers
Answer:
Red
Explanation:u
Red is the color of extremes. It's the color of passionate love, seduction, violence, danger, anger, and adventure.
The red color is associated with the extremes and is used to attract attention, as well as to symbolize danger and wrath, and this is the color scheme of the web page.
What is a web page?A web page is a simple document that a browser may display.
HTML is the language used to create such documents (which we look into in more detail in other articles).
A web page can contain a number of resources, such as style information, which controls the look and feel of the page.
The red color represents the extremes. This color is connected with passionate love, seduction, aggression, danger, rage, and adventure.
Therefore, option B is correct.
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Bob Martino has a checking account with a local bank. Can Bob's firm assign him to
work on the firm's audit of the bank?
a. Yes, if the amount of money in Bob's account does not exceed federally
insured limits.
b. Yes, if the amount of money in Bob's account is not material to his net
worth.
c. No, if Bob will charge more than 10 hours to the bank's audit engagement.
d. No, if Bob is the lead engagement partner or manager on the account.
Answers
If Bob Martino has a checking account with a local bank. Can Bob's firm assign him to work on the firm's audit of the bank: a. Yes, if the amount of money in Bob's account does not exceed federally insured limits.
What is checking account?Checking account can be defined as a type of account that enables the account holder to carryout different transaction such as deposit and withdrawal.
Bob's firm can assign him to work on the firm's audit of the bank only in a situation where the amount of money that Bob's has in his account is not more than the federally insured limits.
Therefore the correct option is A.
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who uses financial institutions?
Answers
Answer:Financial institutions encompass a broad range of business operations within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers. Financial institutions can vary by size, scope, and geography
Explanation:
Answer:
The answer is: comercial banks, investment banks, brokerage firms, insurance companies, and asset management.
Integrated marketing communication (IMC) requires a big-picture view of promotional planning; a total strategy that includes all marketing messages. You work for a multinational beverage company headquartered in Singapore. You have been put in charge of developing comprehensive marketing communication packages and want to ensure that you maximize the benefits for your company. To reach this goal, you work with department heads around the world to ensure that marketing and communications objectives support the corporate mission and strategies, and keep all staff informed about new developments. You also work with external partners, including advertising and PR agencies, to achieve a cohesive message for your brand and products. Which of the following statements is most likely to be true about your IMC effort? a. Your target market will be identified after the company has established an IMC strategy. b. Sending a unified positive message about your company is often not a priority. c. Developing multinational integrated marketing communication is likely to contribute to the duplication of communication efforts. d. IMC challenges the notion that your advertising, personal selling, direct marketing, and other components of the worldwide promotion mix must stand alone.
Answers
Answer: IMC challenges the notion that your advertising, personal selling, direct marketing, and other components of the worldwide promotion mix must stand alone
Explanation:
Option A is wrong as the target market will not be identified after an IMC strategy has been established by the company.
Option B is wrong because it's important to send a positive message that's unified about the company.
Option C is wrong as the development of the multinational integrated marketing communication won't lead to the duplication of communication efforts.
The statement that is true about the IMC effort is that "IMC challenges the notion that your advertising, personal selling, direct marketing, and other components of the worldwide promotion mix must stand alone.
Therefore, the correct option is D.
Which of the following is an effective way of helping your team keep social interactions with customers consistent and on brand?
a. Review Later
b. Set up a message approvals process
c. Imagine your brand as a person
d. Have one team member answer all messages
e. Ask for customer feedback
Answers
b. Set up a message approvals process. By establishing a message approvals process, the team can ensure that customer interactions align with the brand's guidelines.
This involves having designated individuals review and approve messages before they are sent, maintaining consistency and brand alignment in communication style, tone, and messaging. It helps prevent any inconsistencies or deviations from the desired brand image and ensures that all customer interactions reflect the organization's values and objectives. This process provides an opportunity to maintain quality control and catch any potential errors or issues before they reach the customers, enhancing the overall customer experience and reinforcing the brand's identity. Additionally, it allows for constructive feedback and coaching opportunities for team members, facilitating continuous improvement in social interactions and brand representation.
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When should a person proceed with a
choice in terms of marginal benefits
and cost?
O when the market is high
O when there is no difference
O when the benefits outweigh the
cost
Answers
Answer:
when the difference outweighs the cost
Answer the above Questions
Answers
Explanation:
1. In left attachment2. • Join stock company : A joint-stock company is a business owned by its investors, with each investor owning a share based on the amount of stock purchased. Joint-stock companies are created in order to finance endeavors that are too expensive for an individual or even a government to fund.→ Partnership firm: A partnership is an association of two or more persons to carry on, as co-owners, a business and to share its profits and losses. ... It is the ideal form of organisation for the enterprise requiring moderate amount of capital and diversified managerial talent.» Difference is in Right attachment
Answer:
hii(≧▽≦)
army...............
why would you need to analyze uour competition before commercializing a new product?
Answers
A competitor research seeks to fill a market gap by identifying your competitors' advantages and disadvantages in comparison product to your own. A competition analysis is essential since it will demonstrate how to strengthen your own business plan.
By performing competition research, you can learn more about the factors that influence customers' decisions to buy from you as opposed to your rivals. Eventually, you can utilise this to improve your own marketing campaigns. identifying market gaps It supports the creation of strategies and the study of competitors product. Knowing how your existing and potential consumers perceive the competition is one benefit of performing a competitive analysis.
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