Answer:
B. Overall objectives of the firm
Explanation:
Strategic planning can be defined as the process of creating a strategy, vision and direction for organisation, followed by allocating the resources needed to attain those set direction and vision. The main idea and logic behind strategic planning is to set a clear direction for the business that where it should move. Putting it simply, strategic planning address the questions like where your business is and where it should go, what business you are in and what business you could be in or you should be in. For this particular purpose, first step is to set overall objectives of the firm.
100,000,000 /10% = 10,000 which these means that 8 months is 10,000 know if you ask how much months 10,000 / 8 moths is 1,250
Answer:
should be Globally acceptable with Flexibility, Leadership and Patience also with almost extreme Cultural Adaptability andLanguage Skills
Answer:
present value 15.826 million
r = 10.42 % = IRR
Explanation:
The problem requires a long solution. I have to use microsoft word for the solution. and its so explanatory on it.
Complete Question:
The market system:
A. produces considerable inefficiency in the use of scarce resources.
B. effectively harnesses the incentives of workers and entrepreneurs.
C. is not consistent with freedom of choice in the long run.
D. has slowly lost ground to emerging command systems.
Answer:
B. effectively harnesses the incentives of workers and entrepreneurs.
Explanation:
An economic system can be defined as a series of governmental or societal arrangements and a coordinating mechanism used for the allocation of available resources, economic inputs, goods and services across a particular country. The economic system differs according to the method used to coordinate economic activities and who the factors of production belongs to.
Generally, there are basically two (2) main types of economic systems and these are;
1. Command systems.
2. Market systems.
The market system effectively harnesses the incentives of workers and entrepreneurs because workers are able to engage in division of labor and are well compensated for their efficiency in service while the entrepreneur are usually rewarded with an increase in sales and profits.
The market system allows participants to have property rights such as trademarks, patents and copyright. Also, market systems are regulated by the competition among individuals (traders or entrepreneurs) and this gives direction to the market as they pursue self interests and are independent.
