Answer:
sales forecasting
Explanation:
Sales forecasting is a mathematical tool or process to estimate the amount of sales for a product over a given period of time.
Sales forecasts helps companies to make better business decisions so as to analyse the short-term and long-term performance.
The basis for the forecast are generally the past sales data of the product, industry-wide comparisons, and the economic trends for the related products.
Answer:
In business, budgets provide the organizing framework for financial planning and tools for controlling spending.
In large entities, the Budget Office Director and staff work with individual managers and others seeking funding approval. As a result, budget proposals conform to local policies. And, the entire proposal package aligns with group objectives.
Explanation:
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Answer:
A. Match the firm's organizational structure to its unique strategy.
Explanation:
The precept for organizing the work effort to sustain good strategy accomplishment is that <u>match the firm's organizational structure to its unique strategy</u>. A firm's organizational structure is constituted of the formal as well as an informal arrangement of responsibilities, tasks, lines of power, as well as reporting connections by which the firm is managed. Except for the above-elaborated statement, all the statements which are given are not up to the mark.
Answer:
D. Whether to pay office workers a wage or a salary
Explanation:
Compensation is paying employees for the services rendered. It is a function of the human resources department. Compensation may be in monetary or non-monetary form.
Ensuring fair and timely compensation to workers is a critical function of the human resources managers. The HR evaluates roles and responsibilities periodically to ensure it has a fair compensation scheme. HR has to determine whether employees will work part-time or full-time, whether to employ permanently or by contract or pay salaries or wages.
Answer: In other words, demand in Georgia is elastic and the demand in Kentucky is inelastic.
Explanation:
The price elasticity of demand is used to measure how the quantity of goods and services demanded react to the changes in price.
We are told that the price elasticity of demand for cars in Georgia is 1.8. This means that the demand is price elastic which means that there was a larger Chang in the quantity demanded of cars due to the change in the price of cars. Elasticity of demand here is greater than 1, therefore it is elastic.
On the other hand, the price elasticity of demand for cars in Kentucky is 0.3. This mean that it is price inelastic as the change in price has a minimal effect on the quantity of cards that were demanded. Here, the price elasticity of demand is less than 1.
