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shusha [124]
3 years ago
14

Lavender Furniture established itself in 1965 as a small firm. It was situated on a small stretch of land located miles away fro

m the town. Over the years, due to the high quality of its products, it acquires enough profits to own multiple assets, such as a bigger plot and machinery, recruit employees and establish itself as a brand. Which of the following is an element of the strategic management process that Lavender Furniture has acquired?
Business
1 answer:
marshall27 [118]3 years ago
3 0

Answer:

B) Resources

Explanation:

Since Lavender Furniture sold high quality products and had an efficient management, it was able to acquire and manage several assets including a larger plot of land for its facilities, better machinery, more employees and a highly recognized brand name. All of these are valuable resources, most of them are tangible (land, machinery and labor), but they were also able to develop an intangible resource such as a highly recognized brand name which can really be valuable.

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Capital budgeting is the process of planning and controlling investments in assets that are expected to produce cash flows for o
sergij07 [2.7K]

Answer:

false

Explanation:

Capital budgeting is the process taken to evaluate and determine the profitability of an investment. capital budgeting can be done for projects that have cash flows of more than one year

capital budgeting methods include :

Net present value

internal rate of return

accounting rate of return

payback period

6 0
4 years ago
1. Under a shipment contract, the seller is required only to the goods into the hands of a carrier and title passes to the buyer
taurus [48]

Answer:

<h2>1) The answer is option a) or True.</h2><h2>2) Generally all contracts are assumed to be <u>Shipment </u> contracts if nothing to the contrary is stated in the contract.</h2><h2>3) The seller is required to deliver the goods to a particular destination in a destination contract,usually directly to the <u>buyer</u><u>.</u></h2><h2>4) The answer is option a) or True.</h2><h2 />

Explanation:

  1. A shipment contract mandates that the seller of any good or service is obligated to deliver the specified shipment to a common carrier for delivery to the buyer but not directly to the buyer's destination.Under  the shipment contracts,the seller is not responsible for the condition of the shipment or package during the delivery point and time to the buyer.
  2. If nothing is specifically mentioned in the contract regarding the delivery of the shipment,it assumably qualifies as a shipment contract and the seller is only liable to dispatch the shipment to the transportation carrier and not obligated to send it directly to the buyer's destination.
  3. Under a destination contract,the seller is officially obligated to dispatch the concerned goods or shipment directly to the buyer's actual destination.Hence,the seller's obligation is incomplete until the shipment subsequently reaches the buyer's destination.
  4. For destination contract,at the point of delivery,the burden of risk and title associated with the condition and ownership of the specified shipment is passed onto the buyer and seller is not officially or legally liable regarding the same.
3 0
3 years ago
What term dd thorstein veblen use to describe the fundmental change in people's orientation to the economy?
Sedbober [7]

Conspicous Consumption was the term used by thorstein veblen to describe fundamental change in people's orientation to the economy.

Who was Thorstein Veblen?

Thorstein Veblen was a famous sociologist and economist who wrote the book The Theory of the Leisure Class. He wrote about the relationship between the economy, culture, and society.

Conspicuous consumption is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly displayed products and services are too expensive for other people in a person's class, conspicuous consumption is a way to demonstrate one's social position. Although it is frequently associated with the wealthy, this type of consumerism can occur in any income class.

The complete question is :

What term did Thorstein Veblen use to describe the fundamental change in people's orientation to the economy from producing goods to using them?

To learn more about Conspicous Consumption visit the link:

brainly.com/question/14546547?referrer=searchResults

#SPJ4

6 0
2 years ago
What is the term used to describe a temporary low supply of a good or service?.
Leviafan [203]

Answer:

That would be a shortage.

                   

3 0
3 years ago
Which of the following are acceptable to use as references on a resume/job application? A. Past employers B. Teachers C. Family
Kaylis [27]
The correct option is D.
When writing a resume or an application letter, the only kind of people that one can use as referees are teachers and employers. These people are considered suitable as referees because they will be able to give honest account of one's capacity and intelligence.
4 0
3 years ago
Read 2 more answers
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