Answer:
I will utilize the strategy of the business model canvas.
Explanation:
The business model canvas is designed to reflect and prospect the future of the strategic plan of the business while also communicating systematically and strategically the focus on each business segment to each department as reflected in the question.
The areas of the business a business model canvas that will be focused on will include:
Key Partners, key activities, value proposition, customer relationship, customer segment , key resources, distribution channel, cost structure, and revenue stream.
The different section of the business model canvas that have been stated above when strategically discussed will address the need of every concerned department and party involved in the business plan and growth and will also address the diverse audience.
Answer:
principal of management is Techniques are procedures or methods, which involve a series of steps to be taken to accomplish the desired goals. Principles of management are broad and general guidelines for decision-making behaviour.
Answer:
The marginal cost curve is usually U-shaped. Marginal cost is relatively high at small quantities of output; then as production increases, marginal cost declines, reaches a minimum value, then rises.
Explanation:
N/A
Answer:
Cp= 1.33
Explanation:
Giving the following information:
Meena Chavan Corp.'s computer chip production process yields DRAM chips with an average life of 1,800 hours and sigma = 100 hours. The tolerance upper and lower specification limits are 2,400 hours and 1,600 hours, respectively.
Cp= (upper specification - lower specification)/6*sigma
Cp= (2400 - 1600)/6*100= 1.33
The large investment the company made in the failed project most likely was made by a manager who did not fully understand "Sunk Costs".
<h3>What is Sunk Cost?</h3>
An price or investment that has already been made and cannot be recovered is referred to as a sunk cost.
Types of sunk cost are -
- Investment in advertising. This money is lost if you advertise a new product; it cannot be recovered.
- Investigation into a new product.
- Labour expenses.
- New software system installation and operational procedures.
- Loss of relationships in business and reputation.
Therefore, Sunk expenses are unrelated to any particular occurrence and shouldn't be taken into account while choosing an investment or project.
To know more about ways to harvest an investment in a business, here
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