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11111nata11111 [884]
1 year ago
12

What is the overall purpose of strategic management? multiple choice question. gain competitive advantage

Business
1 answer:
Alex787 [66]1 year ago
5 0

Overall purpose of strategic management is to gain competitive advantage over competitors. Strategic management can be the key to delivering a stable bottom line in a marketplace where workplaces are constantly being disrupted by technology innovation. Creating a strategic vision necessitates knowledge of global trends, the competitive landscape, and stakeholder expectations.

Company executives who understand their own company's products or services as well as what their big competitors will do next can forecast and make timely business actions. It also means that they can plan for future possibilities and hazards. Strategic decisions and strategic management can help organizations improve their long-term competitive position.

To learn more about strategic management, click here

brainly.com/question/28102251

#SPJ4

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"why would a producer decide to produce in a competitive market in which she will earn zero profit in the long run?"
notka56 [123]
<span>Money is not the only measure of success and not everything is transactional. A producer may choose to produce for many reasons. Among them, working with exceptional talent as well as gaining experience and getting street creds.</span>
3 0
3 years ago
Read 2 more answers
Scenario
ankoles [38]

Answer:

Better Beans Coffee Company

1. Two markets that have the highest net revenue increases when adding a second store are:

B. Los Angeles and Orlando

2. The two markets that should be choose for a second market are:

E. Los Angeles and Houston

Explanation:

a) Data and Calculations:

Existing     Revenue    Second   Cannibalization  Revenue    Net Revenue                           Store                              Store         Estimate         Drop Due  Increase from

                                    Estimate                            Cannibali-       Market

                                                                                                   (Second Store

                                                                                                      Revenue

                                                                                                Cannibalization)

Los Angeles 4,050,000 $2,677,500      5%       $202,500          2,475,000

Houston        1,950,000    1,522,500      5%           97,500           1,425,000

Orlando        2,800,000    2,175,000    25%        700,000            1,475,000

Atlanta          2,240,000   1,695,000     30%        720,000             975,000

Chicago         2,150,000   1,735,000     40%        860,000             875,000

San Diego     1,900,000   1,505,000     20%        380,000           1,125,000

Portland        1,500,000   1,050,000     20%        300,000            750,000

Dallas           2,450,000   1,702,500     45%       1,102,500            600,000

Boston          3,150,000   2,177,500      35%      1,102,500           1,075,000

b) Cannibalization results from the reduction in sales revenue when a company introduces another similar product or store in an existing market.  Before making decisions based on cannibalization, management should study the market dynamics and set measurable criteria for making the choice to go for cannibalization or preservation of an existing market.  One of the best criteria for deciding on cannibalization is the net revenue from the second product or store after cannibalization.

8 0
3 years ago
compare how goods and services are distributed and the freedom of consumers and producers in command economies and free market e
gulaghasi [49]

I cannot write the entire essay for you, but here are some differences:

Command Economy: production and prices are controlled by the government

In a free market, consumers' demand determine what is/should be made and how much to charge.

4 0
3 years ago
When one person seeks to satisfy his or her own interests regardless of the impact on the other parties to the conflict, that pe
Dimas [21]

Answer:

Option A is correct one.

Competing

Explanation:

When one person seeks to satisfy his or her own interests regardless of the impact on the other parties to the conflict, that person is using the conflict-handling intention of <u>Competing.</u>

When one person seeks to satisfy his or her interests regardless of the impact on the other parties to the conflict, he is competing. The competition involves authoritative and assertive behaviours.

8 0
3 years ago
When an organization needs employees with good basic skill sets but does not need the applicants in the recruitment pool to have
evablogger [386]

Answer:

Educational institutions

Explanation:

Educational institutions -

It refers to the place , where the children and people of various age groups tends to learn new things , is referred to as an educational institutions .

An educational institution are the schools , universities , colleges , etc.

These institutes provides a knowledgeable environment for the people to grab information in various fields .

Hence , from the given scenario of the question ,

The correct term is educational institutions .

5 0
3 years ago
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