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2 years ago

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Managers of every company should be willing and ready to modify their strategies because?

1 answer:

Keith_Richards [23]2 years ago

8 0

Managers of every company should be willing and ready to modify their strategies because: a) market conditions and circumstances are changing over time or the current strategy is clearly failing.

<h3>Who is a manager?</h3>

A manager can be defined as an individual who has been trained to acquire and distribute resources, as well as provide guidance, support, administrative control, and supervision to the employees who are working in a business organization (company), especially by being morally upright, well behaved and promoting the business's vison, culture, and values at all times.

<h3>What is a marketing strategy?</h3>

Marketing strategy can be defined as a technique that is typically used by business firms to attract customers to their goods or service, especially by giving them a lower price during its initial operation and offering.

In conclusion, we can reasonably infer and logically deduce that managers of any company should be willing and ready to modify their strategies because market conditions and circumstances are dynamic, and as such changing over time or the current strategy is clearly failing.

Read more on marketing here: brainly.com/question/27534262

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Complete Question:

Managers of every company should be willing and ready to modify their strategies because

a) market conditions and circumstances are changing over time or the current strategy is clearly failing.

b) the task of crafting strategy is a one-time event.

c) the strategic vision necessitates periodic updating.

d) frequent changes in strategy make it very difficult for rivals to imitate.

e) all strategies are reactive.

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3 years ago

In a multi-step Income Statement:

Anastasy [175]

Answer: B.

Explanation: The multi-step income statement is ultimately used in determining Net Income which is calculated by separately determining :

1. Gross profit( Net sales - cost of goods sold)

2. Operating income( Operating expenses - Gross profit)

3. Operating income combined with non - operating revenue, losses, profit and expenses to obtain the net income or loss.

Conclusively, Gross profit(margin) will be calculated separately, which then be used to obtain the operating income.

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3 years ago

Confronted with the same unit cost data, a monopolistic producer will charge Group of answer choices

dsp73

Answer:

a higher price and produce a smaller output than a competitive firm

Explanation:

A monpolistically competitive firm is a firm that :

1. Sells differentiated products from other firms in the industry.

2. Has many buyers and sellers

3. Is a price maker

4. Has no barrier to entry or exist of firms

An example of a monpolistically competitive firm is a resturant.

A competitive firm is a firm that:

1. Sells identical goods with other firms in the industry.

2. Is a price taker . Prices are set by forces of demand and supply

3. Has many buyers and sellers

4. There are no barriers to entry or exist of firms.

When a monopolistic and competition firm are faced with the same unit cost, a monopolistic firm would aim to earn profit by increasing its price and reducing the quantity produced.

While a perfect competition would sell at the price set by the forces of demand and supply. The firm can increase the quantity produced in order to increase revenue.

A monopolistic firm is able to charge a higher price for its products while a perfect competition isn't.

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3 years ago

Cost-volume-profit analysis can be extended to determine the effect on profit of other changes, such as ______.

jeyben [28]

Cost-volume-profit analysis can be extended to determine the effect on profit of other changes, such as changes in Income Tax rates.

<h3>What is Cost-volume-profit analysis?</h3>

An approach to determining how changes in variable and fixed expenses impact a company's profit is through cost-volume-profit (CVP) analysis.

Companies can utilize CVP to determine how many units they must sell to attain a specific minimum profit margin or break even (pay all expenditures).

CVP analysis makes a number of presumptions, among them the constancy of the sales price, fixed costs, and variable costs per unit.

$Breakeven Sales Volume= \frac{FC}{CM}$

where:

FC=Fixed costs

CM=Contribution margin=Sales−Variable Costs

Simply add a goal profit per unit to the fixed-cost part of the calculation and use it to calculate a company's target sales volume.

To know more about CVP Analysis refer to: brainly.com/question/15001199

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2 years ago

A ________ illustrates consumer views of brands versus those of competing products on important buying dimensions.

erma4kov [3.2K]

The answer is product's position. This involves the impression, perception, and feeling of the consumer to a product relative to competing brands. It is also about positioning the product in the consumer minds and its ability to be differentiated from others.

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3 years ago