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3 years ago

9

Why do companies need a mission statement? to guide the CEO in the making of important business decisions. to tell consumers why

the company is in business and what it stands for. to present a clear picture of the organization and express its main goal. all of the above

1 answer:

kirill [66]3 years ago

5 0

To present a clear picture of the organization and express its main goal

You might be interested in

Which of the following is TRUE? a. All of the above b. Attending and listening are the ways in which you communicate empathy.

AysviL [449]

Answer:

a. All of the above

Explanation:

Attending refers to being present or being available for someone. Listening refers to patiently hearing the client and their issues.

Attending and listening are the ways which depict the trait of empathy, which refers to sympathizing with understanding and trying to experience others feelings.

At the same time, attending and listening activates many areas of brain which aids in effective communication and better comprehension.

Also, such traits serve as a basis for conducive working alliance between counselor and the client.

3 0

3 years ago

If you started your own company selling iphone applications, what organizational structure would you create? why?

Sladkaya [172]

I will create a combination of functional and project-based organizational structures. I have selected the combination due to the following rationale.

There are different types and categories of iPhone applications. So, the development of each application is a project. Accordingly, competent professionals will be used and they will move from one project to another project.
Selling of applications as well as taking care of HR operational aspects of the business will require people with expertise in these functional areas also. So, getting good sales as well as HR retention is the top priority for the business.
A combination of these two structures will create a mix of back end and front end without any departmental inclination. So, the company will succeed.

Opting for other structures will either focus on applications or sales. But, it will be ineffective as sales will not happen without applications and applications alone cannot generate good sales without proper marketing.

Besides, there can be role confusion and conflict of interest with other organizational structure such as line only or staff only structures. Even, the selection of project-only or functional-only organizational structures will create problems and employee turnover will also increase.

Learn more about business here: brainly.com/question/24448358

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8 0

2 years ago

Sasha has run a small diner near the train station for the past ten years. Six months ago, a chain restaurant serving gourmet bu

fenix001 [56]

Answer:

threat of new entrants

Explanation:

Based on the information provided within the question it can be said that force that has affected Sasha's business, from Porters five forces was the threat of new entrants. This force refers to the threat that comes from new competitors entering an industry with existing competitors. If the barrier to entry of the market is low/easy for these new companies then it creates a huge threat to the existing company's since it allows them to get established in the market fast and at a low cost.

6 0

3 years ago

Craigmont Company's direct materials costs are $4,200,000, its direct labor costs total $8,080,000, and its factory overhead cos

USPshnik [31]

Answer:

$12,280,000.

Explanation:

All the direct costs involved in the manufacturing of a product except fixed cost is called prime cost e.g direct material, direct labor etc.

Direct Material = $4,200,000

Direct labor = $8,080,000

Total Prime cost = Direct material + Direct labor = $4,200,000 + $8,080,000 = $12,280,000

Overhead costs are not classified as the prime cost because these are indirect costs.

4 0

3 years ago

Sunset Travel Agency specializes in flights between Toronto and Jamaica. It books passengers on Hamilton Air. Sunset’s fixed cos

xxTIMURxx [149]

Answer:

See the explanation below.

Explanation:

1 a. Calculate the number of tickets Sunset must sell each month to break even.

Selling price = 6% * $1,500 = $90 per ticket

Variable cost per unit = $43 per ticket

Contribution margin per unit = $90 – $43 = $47 per ticket

Fixed cost = $23,500

Break-even tickets per month = Fixed cost / Contribution margin per unit = $23,500 / $47 = 500 tickets

1 b. Calculate the number of tickets Sunset must sell each month to make a target operating income of $10,000 per month.

Number of tickets = (Fixed cost + Targeted profit) / Contribution margin per unit = ($23,500 + $10,000) / $47 = 712.77, or 713 tickets

2 a. Calculate the number of tickets Sunset must sell each month to break even.

Selling price = 6% * $1,500 = $90 per ticket

Variable cost per unit = $40 per ticket

Contribution margin per unit = $90 – $40 = $50 per ticket

Fixed cost = $23,500

Break-even tickets per month = Fixed cost / Contribution margin per unit = $23,500 / $50 = 470 tickets

2 b. Calculate the number of tickets Sunset must sell each month to make a target operating income of $10,000 per month.

Number of tickets = (Fixed cost + Targeted profit) / Contribution margin per unit = ($23,500 + $10,000) / $50 = 670 tickets

3 a. Calculate the number of tickets Sunset must sell each month to break even.

Selling price = $60 per ticket

Variable cost per unit = $40 per ticket

Contribution margin per unit = $60 – $40 = $20 per ticket

Fixed cost = $23,500

Break-even tickets per month = Fixed cost / Contribution margin per unit = $23,500 / $20 = 1,175 tickets

3 b. Calculate the number of tickets Sunset must sell each month to make a target operating income of $10,000 per month.

Number of tickets = (Fixed cost + Targeted profit) / Contribution margin per unit = ($23,500 + $10,000) / $20 = 1,675 tickets

Comment:

Due a fall in commission, there are appreciable increases in the break-even point and the number tickets that have to be sold to meet a targeted operating income of $10,000.

4 a. Calculate the number of tickets Sunset must sell each month to break even.

Selling price = $60 + $5 = $65 per ticket

Variable cost per unit = $40 per ticket

Contribution margin per unit = $65 – $40 = $25 per ticket

Fixed cost = $23,500

Break-even tickets per month = Fixed cost / Contribution margin per unit = $23,500 / $25 = 940 tickets

4 b. Calculate the number of tickets Sunset must sell each month to make a target operating income of $10,000 per month.

Number of tickets = (Fixed cost + Targeted profit) / Contribution margin per unit = ($23,500 + $10,000) / $25 = 1,340 tickets

Comment:

The $5 delivery fee brings about an increased contribution margin higher than before, which makes both the break-even point and the tickets sold to achieve operating income of $10,000 to fall.

6 0

3 years ago