All categories

1 year ago

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

1 answer:

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

Which of the following is a common human relations mistake?

telo118 [61]

D is. It's very wrong to underestimate somebody's abilities or knowledge. We should never do that. It's also rude.

3 0

3 years ago

Which of the following is not a cost created by high inflation? A. Inflationary impacts are not distributed evenly across the

dybincka [34]

Answer:

The correct answer is the option A: inflationary impacts are not distributed evenly across the population, therefore, inflation causes the economy to redistribute income across households.

Explanation:

To begin with, inflation is the name that receives, in an economic field, the term that refers to the situation where the economy of a country decreases its purchasing power per unit of money causing a loss of real value in the unit of exchange. Moreover, it affects the economy in many negative ways, such as the reductions of the real value of the wages, causing a more difficult situation for the people to buy the primary groceries. Furthemore, it also increases the opportunity cost of holding money, causing to discourage investment and savings.

Therefore, that it is understandable that the correct answer is the option A, due to the fact that a high inflation do not cause a redistribution in the income of the economy to the households, actually it causes the whole oppositve impact.

7 0

3 years ago

Conduct online research to discover how to start and maintain a good credit rating throughout your life. Write a 500-word report

fiasKO [112]

They would need way more credit and more money to pay for it

4 0

3 years ago

Read 2 more answers

Holliman Corp. has current liabilities of $407,000, a quick ratio of 1.90, inventory turnover of 4.50, and a current ratio of 3.

Sati [7]

Answer:

Cost of goods will be $4670325

Explanation:

We have given current liabilities = $407000

A quick ratio = 1.90

Current ratio is 3.40 and inventory turnover = 4.50

We know that current ratio is the ratio of current assets and current liabilities

So $3.4=\frac{current\ assets}{current\ liabilities}$

So current assets = $1383800

Now quick ratio is equal to = $\frac{current\ assets-inventory}{curtrent\ liabilities}$

So $0.85=\frac{1383800-inventory}{407000}\\$

Inventory = $1037850

Inventory turnover is given 4.5

So $4.5=\frac{cost\ of\ goods\ sold}{average\ inventory}$

$4.5=\frac{cost\ of\ goods\ sold}{1037850}$

So cost of goods sold = 4.5×$1037850 = $4670325

5 0

3 years ago

At the beginning of the period, a company reports a balance in office supplies of $450. During the period, the company purchases

Hoochie [10]

Answer:

Explanation:

Before passing the journal entry, first, we have to compute the total supplies consumed. The formula to compute the total supplies consumed is shown below:

= Beginning balance of supplies + Purchase of supplies - ending balance if supplies

= $450+ $3,400 - $900

= $2,950

Now the journal entry would be

Supplies expense A/c Dr $2,950

To Supplies A/c $2,950

(Being supplies consumed recorded)

4 0

3 years ago