When a sales manager determines that her staff is not making sufficient progress toward meeting monthly sales quotas and develops a plan of corrective action, which shows that <span>she is performing the management function of <span>CONTROLLING.
Because, </span></span> her important duty as a controller is to set a goal and performance standards.
A free market economy has two key advantages. First, it allows for individuals to innovate. Individuals have the freedom to create new ideas, new products, and new services to sell for profit. They are not required to only produce what the government tells them to produce.
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Answer:
Business ricks factors for Poultry industry using PESTEL:
Political : Government imposes ban on hormone injections and artificial feeds.
Economic: Demand is high but supply is insufficient causing rise in prices.
Social: People taste changes and they are switched to beef.
Technological: Genetic manufacturing of eggs incurs high cost.
Environmental: Poultry industry creates smell pollution which can affect nearby societies.
Legal: Contract issues and termination of contract can cause industry failure.
Explanation:
PESTEL analysis is widely used in the business to identify the associated risks with the operations. In the pestel analysis all factors are analyzed in detail. Political, economic, social, technological, environmental and legal factors are analyzed in detail and risks associated with these factors are identified to improve business strategies.
Answer:
In a command economy an authority such as the government, governmental agency, or central planners decide what to produce, how to produce and to whom goods and services will be allocated.
