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svetoff [14.1K]
2 years ago
13

The four seasons spa and salon has retained a marketing consultant to assist them with its annual strategic planning retreat. Sh

antelle stevens, the owner of the salon, is reviewing the agenda for the meeting and observes that the sequence of activities follows the strategic planning process discussed in her marketing class many years ago. What is the first activity the organization should pursue as part of its strategic planning process?.
Business
1 answer:
Alecsey [184]2 years ago
6 0

Firms are known to have goals. the first activity the organization should pursue as part of its strategic planning process is to;

  • Review or establish the organization's mission and goals.

<h3>What is the mission and goals of the Organization about?</h3>

The mission of any firm is said to show or depicts the organization's past and present by using or stating why the organization exists.

It also talks about the role a firm plays in society. Goals are said to be some key aims that organizations have to pursue so as to reach their visions and missions.

The best goals are regarded as SMART. which means: specific, measurable, achievable, realistic, and time-bound.

Learn more about organization's mission from

brainly.com/question/4269555

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When qualifying a buyer using the Fannie Mae guidelines, what is the ratio allowed for the amount of money for housing expense c
vfiekz [6]

Answer:

28%

Explanation:

Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).

Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.

8 0
3 years ago
Now, assume that Addison’s savings institution modifies the terms of her account and agrees to pay 5.8% in compound interest on
love history [14]

Answer:

Addison will have $ 1,661 in her account in nine years.

Explanation:

This problem requires us to calculate value of our investment of $ 1000 dollars after nine years. The interest on the investment is 5.8% compounded annually.

This problem can be solved by using simple compounding formula given below.

Future Value = Present Value (1+interest rate%)^-period

Future Value = 1,000 (1+5.8)^9

Future = $ 1,661

5 0
3 years ago
Amelia has made a conscious effort to become an active listener. She shuts down her computer, turns off her cell phone, and asks
7nadin3 [17]

Answer:

Controlling her surroundings.

Explanation:

There are various techniques that can help an individual improve listening. One of such techniques involves controlling your surroundings.

To do this, you have to first <u>identify sources of potential distractions to you, in your immediate surroundings and remove them</u>. This improves the ability to listen actively.

6 0
4 years ago
Match the following statements to the appropriate terms.
ololo11 [35]

Answer:

Matching Statements to Appropriate Terms:

Price-earnings ratio = Profitability Ratio

Return on Assets = Profitability Ratio

Accounts Receivable Turnover = Liquidity Ratio

Earnings per share = Profitability Ratio

Payout ratio = Profitability Ratio

Working capital = Liquidity Ratio

Current ratio = Liquidity Ratio

Debt to Assets = Solvency Ratio

Free Cash Flow = Solvency Ratio

Explanation:

Profitability Ratios are one of the classes of financial metrics that measure a business's ability to generate earnings relative to its revenue, operating costs, assets, or shareholders' equity during a period of time.

Liquidity Ratios measure the ability of the company to pay its maturing short-term debt obligations from its current assets.  They include the working capital, the current ratio, and the acid-test ratio.

Solvency Ratios measure the ability of the company to pay its maturing long-term debt obligations from its assets.

8 0
3 years ago
At the beginning of December, Global Corporation had $2,100 in supplies on hand. During the month, supplies purchased amounted t
kifflom [539]

Answer:

DR Supplies expense $2,800

CR Supplies  $2,800

Explanation:

Opening Balance      $2,100

Add Purchases         $3,500

Total                           $5,600

Closing Balance        $2,800

To determine usage for the month

=Total  supplies - Closing Balance of Supplies

= $5,600 - $2,800

= $2,800

Usage for the month = $2,800

DR Supplies expense $2,800

CR Supplies  $2,800

6 0
3 years ago
Read 2 more answers
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