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adelina 88 [10]
2 years ago
5

The strategic management process is the: a. full set of commitments, decisions, and actions firms take to achieve strategic comp

etitiveness and earn above-average returns. b. analysis of the firm's external environment and internal organization to identify external opportunities and threats. c. utilization of the resource-based model of above-average returns to identify the internal resources a company should leverage to achieve strategic competitiveness. d. set of capabilities firms use to respond to various demands and opportunities existing in today's dynamic and uncertain competitive environmen
Business
1 answer:
bija089 [108]2 years ago
8 0

The answer is, full set of commitments, decisions, and actions firms take to achieve strategic competitiveness and earn above-average returns.

<h3>What is the strategic management process?</h3>
  • Setting policies, procedures, and goals in order to increase a company's or organization's competitiveness is the process of strategic management.
  • Strategic management typically focuses on efficiently allocating personnel and assets to accomplish these objectives.

<h3>What are the two major process of strategic management?</h3>
  • The formulation and implementation of strategy are frequently cited as the two main stages involved in strategic management.

<h3>Why is strategic management process important?</h3>
  • For a corporation to succeed in the long run, effective strategic management is crucial.
  • It entails formulating a business strategy with specific goals in mind, making plans for how those goals will be realized, coordinating daily operations with those goals, and allocating the resources required to reach those goals.

Learn more about strategic management process here:

brainly.com/question/24845876

#SPJ4

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Customer retention is measured as the percentage of customers who return for more service. true false
seraphim [82]
Your answer is true! The root of the word "retention" is retain, so basically customer retention means retaining customers, which also means having them return. Hope I helped!
8 0
3 years ago
Which of the following personal property items has the HIGHEST specific limitation on coverage?
Charra [1.4K]

The personal property items that have the HIGHEST specific limitation on coverage are jewelry, watches, and precious stones or metals because they are saved in a location, especially in banks

<h3 /><h3>The properties having HIGHEST specific limitation on coverage.</h3>

A limit is the highest amount your insurer will pay for a claim that your insurance policy covers.

Some of these specific limits apply to a building or personal property at a single location.

From the listed option, the personal property items that have the HIGHEST specific limitation on coverage are jewelry, watches, and precious stones or metals because they are saved in a location, especially in banks

Learn more on specific limitations on coverage here: brainly.com/question/27015627

8 0
2 years ago
Which of these statements are true about the MIC card? Select all that apply Taco Bell Service Course A. It demonstrates how to
Mandarinka [93]

Answer:

C. It sets the priorities for your shift

Explanation:

  • MIC card give ability to communicate the results of team and helps in making arrangements for the shifts. It also helps in scheduling goals.
3 0
3 years ago
A communication channel that allows recipients to receive not only the words in the message but also to hear the tone of voice a
NARA [144]
<span>Media is indeed one of the most influencial communication channels today. Be it through the internet, TV, or radio, the information that the media releases can have a big impact to the entire public's opinions, mindset, and decisions. 

Thus, it's very important that the media stays truthful no matter what. Distortion of information could lead to unfavorable circumstances like misled public awareness or public ignorance. The existing quality of media we have today isn't perfect, and it takes everything to change it. </span>
4 0
3 years ago
The management of Wengel Corporation is considering dropping product B90D. Data from the company's accounting system appear belo
slamgirl [31]

Answer:

Net loss of $24,600

Explanation:

Sales              $773,900

Variable Expenses ($402,100)

Contribution Margin $371,800

Avoidable Expenses of B90D

Fixed Manufacturing Expenses        $186,000

Fixed Selling and Admin Expenses  %161,200

Total Avoidable expenses                 $347,200

If the product B90D is discontinued,the contribution margin of $371,800 will be lost by Wengel corporation and costs of $347,200 will be saved.

Therefore there will be net loss of $(371,800-347,200) $24,600 to the company if the product is discontinued.

3 0
2 years ago
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