The constant planning, monitoring, analysis, and assessment of all requirements that a company requires to accomplish its goals and objectives is known as strategic management. Organizations will have to reevaluate their success methods on a regular basis as a result of changes in the business environment. The strategic management process aids businesses in taking stock of their current condition, developing and implementing management plans, and evaluating their efficacy. There are five fundamental tactics for strategic management, and how they are implemented will vary based on the situation. On-site and mobile platforms both require strategic management.
The benefits of strategic management are typically seen as both financial and non-financial. A key duty of a board of directors is carried out via a strategic management process, which aids a business and its leadership in thinking about and making plans for the future. The organization's and its employees' direction is established by strategic management. Effective strategic management continuously prepares, monitors, and tests an organization's activities in contrast to static strategic plans, increasing operational effectiveness, market share, and profitability.
To lean more about strategic management from the given link.
brainly.com/question/24845876
#SPJ4
Answer: Relevant information is information that is important or needed in order to understand the topic in a given passage. Additional information is information that is not needed or unnecessary in the paragraph (it is extra information).
Explanation:
Answer:
D. Considering whether a product is a need or a want.
Explanation:
By considering whether a product is a need or a want,we will be able to d prioritize our consumption. Needs are the fundamental survival requirements such as clothing, housing and food. They are indispensable.Wants on the other hand, are things that are not absolutely necessary but we require.
Answer: Revenue management
Explanation: Revenue management is the process under which an organisation tries to analyze the consumer behavior. This analysis is further used for the objective of making product available in right quantities and at right price so that revenue could be maximized.
In the given case, the company is trying to influence demand by manipulating price, thus , they most be analyzing the relevant factors to do so.
Hence, we can conclude that this is an example of revenue management .
