Answer:
The correct answer is C: Planning
Explanation:
There are five primary functions of management:
1. Planning
2. Organizing
3. Staffing
4. Directing
5. Controlling
Planning is future-oriented and determines an organization’s direction to achieve an objective. It is a rational and systematic way of making decisions today that will affect the future of the company.
Peter Drucker has defined planning as follows:
“Planning is the continuous process of making present entrepreneurial decisions systematically and with best possible knowledge of their futurity, organizing systematically the efforts needed to carry out these decisions and measuring the results of these decisions against the expectations through organized and systematic feedback”.
Planning is the path to achieve a predetermined objective. In this exercise, the <u>objective </u>is to <u>increase market share</u>. To achieve this goal they need to <u>attract more costumers</u>. To attract more customers, Restaurant Y <u>planned a promotion based on grade-school students.</u>
Developing effective marketing communications starts with analyzing and understanding the current clients and why they chose those products or services. In the first step from the marketing communication the company should get insights into when, where, why and how people purchase the products.T<span>he main focus of the marketing communication strategy is to gain awareness.</span>
Answer:
5.43%
Explanation:
Using du point formula for return on equity formula, the profit margin can be computed by rearranging the formula to make profit margin the subject.
return on equity=profit margin*assets turnover*leverage ratio
return on equity=growth rate*(1-dividend payout ratio)=9.89%*(1-40%)=5.93%
assets turnover=sales/total assets=inverse of total assets to sales=1/1.3
leverage ratio=total assets/equity
debt-equity ratio=0.42( debt is 0.42 while equity is 1 i.e 0.42/1=0.42)
total assets=debt+equity=0.42+1=1.42
equity is 1
5.93%=profit margin*1/1.3*1.42/1
5.93%=profit margin*1.092307692
profit margin=5.93%/1.092307692
profit margin=5.43%
You need to write out your mission statement.
