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aalyn [17]
2 years ago
15

Which characteristic is not reflective of a successful entrepreneur?

Business
1 answer:
kicyunya [14]2 years ago
4 0

Answer:

a.) Self-conscious

Explanation:

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Control limits come from :__________
vovikov84 [41]

Answer:

e

Explanation:

6 0
2 years ago
Marketing Strategy Formulation
Keith_Richards [23]

Answer:

Marketing Strategy Formulation

Goals indicate what a business unit wants to achieve; strategy answers how to get there.

Basic generic strategies

Overall cost leadership

The business works hard to achieve the lowest costs. The problem with this strategy is that other food trucks will usually emerge with still lower costs. The real key is for Chix and Waffles to achieve the lowest costs among those competitors adopting a similar differentiation or focus strategy.

Differentiation

The business concentrates on achieving superior performance in an important customer benefit area valued by a large part of the market(s).

Focus

The business focuses on one or more narrow market segments rather than going after a large market. The food truck gets to know the needs of these segments and pursues either cost leadership or a form of differentiation within the target segments.

Goal Formulation

Goals are listed hierarchically, from most to least important. State the objectives quantitatively with a time line and a due date. Your goal at this point of your business plan is to execute the business plan in order to achieve the budgeted profits by the end of the first quarter of re-opening.

Examples

Goal #1: Achieve budgeted profits of __________ by July 31, 2021.

Strategy #1 - How are you going to do it? Develop a statement or series of statements that tell how you are going to achieve profit. Use your cost control course or purchasing course to list a series of actions that will achieve the following costs.

Actions: Food cost: __________

Bar cost: ___________

Labor cost: _________

Strategy #2

Goal #2: Achieve budgeted sales of __________ by July 31, 2021.

Strategy #1 - How are you going to do it? Develop a statement around one of the three generic strategies listed above.

Actions: Achieve cost leadership of our direct competition through ________________ (use of publicist, advertising, promotions, TV, etc.).

Strategy #2

Goal #3: Execute cultural values to embrace market to build concept loyalty and build repeat customer trial to 12 visits per quarter by July 31, 2021.

Strategy #1 – How are you going to establish a guest list and measure repeat patronage?

Actions:

8 0
3 years ago
The following information is given for an economy: Labor Force of an Economy Number of People (millions) Total population 35.4 C
gizmo_the_mogwai [7]

Answer:

a. 28.7 millions

b. 20.4 millions

c. 0.9231, or 92.31%

Explanation:

a. How much of the population is older than 16? million  

Number of population older than 16 = Total population - Children under the age of 16 = 35.4 – 6.7 = 28.7 millions

b. What is the size of the labor force? million

Labour force = Employed + Unemployed = 18.5 + 1.9 = 20.4 millions

c. What is the labor force participation rate?

Working age population = Total population – Children under the age of 16 – Retirees = 35.4 – 6.7 – 6.6 = 22.1 millions

Labor force participation rate = Labor force ÷ Working age population = 20.4 ÷ 22.1 = 0.9231, or 92.31%

7 0
3 years ago
. What will happen in the market for shotgun-shell ammunition now if buyers expect higher shotgun-shell prices in the near futur
Temka [501]

Answer:

A.

Explanation:

The demand for some of products have a relationship, where the quantity demanded for one product depends somehow on the prices of both.

If two goods are substitutes, an increase in the price of one increases the demand of the other.

The demand for brand A depends on its price and also in the price of its main competitor.

In this case, shotgun-shell  and shotgun-shell ammunition are substitutes.

6 0
3 years ago
Which of the following describes the product portfolio under Amina? a. Sleekline-question mark, Stallion-star, Thunderbird-cash
Serhud [2]

Complete Question:

Amina Begum the Vice President (Sales) of MGT 460 Inc. manages a portfolio of three products in the computer division. The new Intel M ULV 773 processor-based Sleekline model has a low market share of around 5%, but has just been introduced, and since the market is booming, Amina is hopeful that it will grow into maturity. Stallion, the Xenon-based system, has a market share of 88% in the industry segment it operates in, but the market is stable and not growing too fast. Finally, there is the Pentium 4-based Thunderbird, which only sells in discount markets in rural areas. Which of the following describes the product portfolio under Amina?

A. Sleekline-question mark, Stallion-star, Thunderbird-cash cow

B. Sleekline-question mark, Stallion-cash cow, Thunderbird- dog

C. Sleekline-Star, Stallion-cash cow, Thunderbird-dog

D. Sleekline-question mark, Stallion-dog, Thunderbird-cash cow

Answer:

Option B. Sleekline - Question mark, Stallion - cash cow, Thunderbird - dog

Explanation:

The Boston Consulting Group matrix says that question mark is the business unit that has just been introduced and the future of the company is unknown which is the case of Sleekline.

The Cash Cow is the company has significant market share and its growth is static due to the maturity phase of the market which is the case of Stallion.

The Dog is the company that has declining market share and will be out of the market because they don't have significant resources as well and in this question the Thunderbird is the one with falling sales and lower resources due to the fall in the resources.

6 0
3 years ago
Read 2 more answers
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