1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
The annual carrying cost for a consumer product is $115, the ordering cost is $1,150, and the annual demand is estimated to be 1
STatiana [176]

Answer:

Store should take the advantage of discount.

Explanation:

Economic order quantity is the level of units ordered which minimize the total cost.

The economic order quantity (EOQ) is computed by applying the following formula

EOQ = [ ( 2DO ) / H ]^1/2

where D = Annual Demand in units = 1,000

S = Setup or ordering cost = $1,150

H = Holding or carrying cost per unit, per year = $115

EOQ = [ ( 2 x 1,000 x $1,150 ) / $115 ]^1/2

EOQ = [ $2,300,000 / $115 ]^1/2

EOQ = 20,000^1/2

EOQ = 141.42 units

Cost of EOQ

Purchasing cost =  1,000 x $810 = $810,000

Ordering cost = (1,000 / 141.42) x $1,150 = $8,132

Carrying cost = ( 141.42 / 2 ) x $115 = $8,132

Total cost = $810,000 + $8,132 + $8,132 = $826,264

Cost of Discount

Purchasing cost =  1,000 x $810 x 80% = $648,000

Ordering cost = (1,000 / 151) x $1,150 = $7,616

Carrying cost = ( 151 / 2 ) x $115 = $8,683

Total cost = $648,000 + $7,616 + $8,683 = $664,299

Store should take the advantage of discount because it incurs lower cost.

4 0
3 years ago
Kathleen is considering expanding her dress shop. If interest rates rise she is Group of answer choices less likely to expand. T
Karolina [17]

Answer:

<u><em>Less likely to expand.</em></u>

Explanation:

When ever interest rates rise in an economy, the soul purpose of that is to control inflation by influencing the people to save more and consume/spend less.

Hence, when the interest rates will rise, Kathleen will be moving away from the expansion process as she will have to borrow the money at more cost than before, hence increasing the risk of return from the expansion process. Hence this will lead to the demand for loan-able funds to slope downwards.

Hope this helps you. Good Luck.

7 0
3 years ago
Bill just financed a used car through his credit union. His loan requires payments of $275 a month for five years. Assuming that
sergiy2304 [10]

Answer:

Amortized loan

Explanation:

Hope that helps

5 0
2 years ago
Which one of the following intermediaries typically take title to the products they​ distribute? A. Merchant wholesalers B. ​Man
kkurt [141]

Answer:

Option "A" is the correct answer to the following question.

Explanation:

Merchant wholesalers:

Merchant wholesaler is an individual or enterprise or firm of a wholesale company that holds ownership of the products it manages.

Trader suppliers are also the biggest single category of wholesalers and account for approximately 50% of all merchandise

They are an Important Part of the product supply chain.

5 0
3 years ago
The practice of allowing employees to set varying hours depending upon their personal needs is referred to as ________.
mr Goodwill [35]

<span>Flexible working arrangement is a practice that allows employees to set varying working hours depending on their personal needs. This modern approach in the workplace enables employees to maximize their time both in and out of the office. It permits employees to have a work-life balance. Employees are now able to spend more quality time with their family and friends while being reinvigorated to work effectively.</span>

7 0
3 years ago
Other questions:
  • gdp is the best measurement of a country's economy. explain why you agree or disagree with this statement
    14·1 answer
  • Under purchasing power parity, the future spot exchange rate is a function of the initial spot rate in equilibrium and a. the in
    14·1 answer
  • Freytag Corporation's variable overhead is applied on the basis of direct labor-hours. The company has established the following
    14·1 answer
  • carlos marx divide el capital en: A) viriable y fijo B) circulante y giratorio C) variable y constante D) variable y mixto E) pr
    6·1 answer
  • Question Workspace Productivity a. is nearly the same across countries, and so provides no help explaining differences in the st
    7·1 answer
  • What is the simplified base for the function f(x) = 2(3/272x)?
    8·1 answer
  • HELP PLSSSSSS ECONMICS<br> qjhewdkvdfjndbc vjdsncxkjd
    7·1 answer
  • Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $40,000
    14·1 answer
  • The job _______ results in two written statements: one that specifies the responsibilities, duties and working conditions of the
    6·1 answer
  • Your seller wants to net $100,000 after the 5ommission is paid. assuming no closing costs, at what price does the home need to s
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!