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Levart [38]
3 years ago
6

Which step in developing a mission statement requires you to think about who is affected by your organization and how they might

measure your success?
Business
1 answer:
Alik [6]3 years ago
5 0

Answer:

Considering the stakeholders' perspectives.

Explanation:

Considering the stakeholders' perspectives is a step in developing a mission statement which requires that you to think about who is affected by your organization and how they might measure your success.

Generally, when the top executives or management are developing a mission statement, decisions, and goals, it is very essential and important that they ensure it is favourable to the stakeholders. Stakeholders can be defined as a group of people who have interest or shares in a business entity and are affected by the decisions of the company.

<em>Hence, the stakeholders perspective needs to be considered at all times because they're part of the business and their actions can affect the success of the business. </em>

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After screening the best ideas for new products, D'Andre prepares a clear product description and builds a product model. He is
rewona [7]

Answer:

This question is incomplete, it misses the options. The options are the following:

a) Commercialization

b) Concept testing

c) Prototype development

And the correct answer is the option C: Prototype development.

Explanation:

On the one hand, the stage of<em> "product screening" </em>is when the company and its employees can pare down the list of viable ideas to the ones that will only match the organization's strategic goals that they are looking for.

On the other hand, the<em> "prototype devolopment" </em>stage involves the fact of getting those viable ideas into touchable models that the managers can try in real life experience more than just in the papers. Therefore that in this stage is when the employees build a product model based on clear product descriptions.

8 0
4 years ago
Paula, a single woman, transferred $2,000,000 to a GRAT naming her two sons as the remainder beneficiaries, while retaining an a
Lelechka [254]

Answer:

$1,140,000

Explanation:

A grantor retained annuity trust (GRAT) is used to lower taxes on financial gifts. After a certain time (it is not specified in the question) Paula's sons will receive the money left in the GRAT tax free.

To calculate Paula's taxable gift we have the total GRAT value minus the value of the annuity she retained for herself:

$2,000,000 - $860,000 = $1,140,000

5 0
4 years ago
The movie Moneyball (based on the book by Michael Lewis) tells the story of Billy Beane, the general manager of the Oakland A's
zavuch27 [327]

Answer: B. Hold

Explanation: the Oakland A's baseball team has a very low payroll budget which means the team received low income as pay. So Beane the general manager created a successful "hold strategy" to retain talents created in the team. It is a good business management strategy to keep your best guys, but with low pay you can not keep them for long.

8 0
3 years ago
Doodle Corporation, a manufacturer of safety pins, decided that the company had to increase the awareness of its glow-in-the-dar
kow [346]

Answer:

Objective and task budgeting method

Explanation:

The objective and task method refers to a budgeting method where a business allocates a certain marketing budget in order to achieve specific objectives, instead of simply allocating a marketing budget based on percentage of sales revenues.

Doodle set its specific goals:

  • increase the sales of its basic steel pins by 10%
  • increase the awareness of its glow-in-the-dark pins

And then it allocated $1.5 million for marketing expenses.  

8 0
3 years ago
The Herjavec Co. just paid a dividend of $1.85 per share on its stock. The dividends are expected to grow at a constant rate of
ycow [4]

Answer:

Current price : $24.05

Price in 3 years : $27.05

Explanation:

The Current stock price of Herjavec Co will be determined by the formula given below;

Po = [Do (1 + g) ] / (r - g)

Po = Current price

Do = Current dividend

r = Rate of return

g = growth of dividend

Po = ($1.85 * 1.04) / (0.12 - 0.04)

Po = $1.924 / 0.08

Po = $24.05.

The stock price of Herjavec Co after 3 years will be determined by the formula given below;

P3 = Do (1 + g)^4 / (r - g)

P3 = [$1.85 * (1.04)^4] / (0.12 - 0.04)

P3 = $27.05

5 0
4 years ago
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