All categories

2 years ago

Which are the first steps you should consider when constructing an online business strategy.

1 answer:

5 0

The first steps you should consider when constructing an online business strategy are: create goals and identify a USP.

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

A business strategy can be defined as a set of guiding principles, actions, policies, and decisions that a business organization strategically combines, so as to successfully achieve its goals, objectives, attract potential customers and possess a competitive advantage over its rivals in the industry.

<h3>The types of business strategy.</h3>

Generally, there are four (4) main types of business strategy and these include the following:

Organizational (Corporate) strategy.
Business (Competitive) strategy.
Functional strategy.
Operating strategy.

In Business management, the first steps you should consider when constructing an online business strategy are:

Create goals

Identify a unique selling proposition (USP).

Read more on business strategy here: brainly.com/question/17130109

#SPJ1

Complete Question:

Which are the first steps you should consider when constructing an online business strategy?

Create goals and identify a USP

Understand the target audience

Change your mission statement to match the goals

Define and segment your audiences

You might be interested in

If investors believe that a stock is not providing a return that sufficiently compensates them for the risk of the stock, they w

jarptica [38.1K]

Answer:

<u>sell the stock which will drive it's expected return even lower.</u>

Explanation:

An investor wants to be compensated for the risk undertaken in the form of return. When investors believe that a stock is not providing sufficient return, such stocks would be sold by the investor.

When a stock is not performing well i.e it's current market price goes down, all the investors holding that stock will sell it , leading to it's market price going further down.

Since the market price goes further down, the expected return on such a stock would further decline.

3 0

3 years ago

Bronson has shopped at several toy stores. However, he really likes The Toy Corner because of the broad assortment offered for d

Bezzdna [24]

Answer:

C is the answer. The service provided at Toy Corner exceeds customer expectations.

Explanation:

When a store offers a broad assortment of goods tailored for different age groups, it will really attract more patronage.

But, when it ensures the home-delivery of goods that are not available at its store to customers who have placed orders, then it can be said to be exceeding the expectations of its customers.

This is moreso, when such home-delivered goods are sold to customers at discounted prices. This shows that the store not only cares for its customers, it surely does not want the customers to leave its store to buy goods from others. This ensures customer loyalty and continued patronage.

The approach is very competitive and customer-friendly.

8 0

3 years ago

The Free enterprise system is:

pogonyaev

Answer:

supply and demand

Explanation:

market is not interrupted by state . there is maximum competition ideally . this doesn't always protect the consumer or the competition due to large corporations. but that's further along your studies

7 0

3 years ago

Red Roofs, Inc. has current liabilities of $24,300 and accounts receivable of $7,800. The firm has total assets of $43,100 and n

Bezzdna [24]

The amount of the net working capital is -$4,900

Net working capital = $43,100 - $23,700 - $24,300 = -$4,900

What is the meaning of net working capital '?

The net working capital of a corporation is the difference between short-term assets and short-term liabilities (NWC). Positive net working capital indicates that a business has paid its debts and has funds left over to invest in other operational needs, which is fantastic.

Why is net working capital important?

Net working capital is significant because it provides insight into a company's liquidity and determines if it has sufficient funds to meet its immediate obligations. If the net working capital number is zero or higher, the company can meet its immediate obligations.

Learn more about net working capital: brainly.com/question/21852402

#SPJ4

8 0

2 years ago

Tom has a qualified retirement plan with his employer that is currently considered to be 80% "vested". how can this be interpret

velikii [3]

'Vesting' as used in retirement plan means ownership. Every employ owns a certain percentage of their account in the plan each year. An employ who is 100% vested in his account own all the money in his account and the employer can not take any part of his money in case he wants to retire. In the question given, Tom is only 80% vested, which means that if he decides to retire today, he is going to forfeit 20% of his retirement plan.

5 0

3 years ago