1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jekas [21]
3 years ago
9

Akwamba made this statement ‘organisations cannot be successful if managers fail to pay attention to the forces in the external

environment'. Do you agree or not? Justify using practical examples (9 marks)
Business
1 answer:
PIT_PIT [208]3 years ago
5 0

Answer:

Yes, I agree

Explanation:

As managers in an organization, proper attention must be paid to the forces in the external environment because these forces are dynamic and business cannot exist without them hence must align with these changes inorder to be successful.

Some of theses forces have direct impact with an organization such as customer's reaction to a company's product, how well the company stays ahead of it's competitors , suppliers and creditors. External forces in the environment that have indirect impact to a company are compliance with local laws, socio cultural forces, religion etc.

Practical examples

• Customer's reaction to a product speaks to what measures are taken by a company to improving the quality of products produced and sold. Favourable reaction would make the company succeed while unfavourable reaction could mar the company's performance.

• Level of compliance with local laws is also an important force in the external environment that must be adhered to. If a company must succeed, it must comply with local laws and order, failure to do so could result to fine or expulsion from the community.

You might be interested in
The market price of pomegranates is $2, and JoAnne sells 25 pomegranates at the local farmer's market. The total revenue is and
leva [86]

Answer:

$50 and $2

Explanation:

The computation of the total revenue and the marginal revenue is shown below:

Total revenue is

= Price ×  quantity

= $2 × 25

= $50

And, the marginal revenue is received collected from one unit i.e price of the one units that equivalent to $2

Hence, we simply applied the above formula to determine the total revenue and the marginal revenue

4 0
3 years ago
In 2016, Joshua gave $12,500 worth of XYZ stock to his son. In 2017, the XYZ shares are worth $25,000. What is the total amount
Elina [12.6K]

Answer:

$12,500

Explanation:

Calculation for the total amount removed from Joshua’s estate in 2017

Since we were told that In 2016, Joshua gave the amount of $12,500 to his son in which in the same year which was 2017, the XYZ shares are worth the amount of $25,000 which means that the total amount removed from Joshua’s estate in 2017 will be $12,500 ($25,000-$12,500).

8 0
3 years ago
Companies that think carefully about the impact of sensations on product experiences are practicing ________. hedonic consumptio
kolbaska11 [484]

The companies that think carefully about the impact of the sensations are practicing  sensory marketing.

<h3>What is sensory marketing?</h3>

This is the type of marketing that is done to make a product to be appealing to all of the five senses of a person that is to consume to the good.

The sensory  marketing is correct here because the products are to be appealing to the senses.

Read more on sensory marketing here: brainly.com/question/24925953

4 0
2 years ago
In _____, products are made according to customer specifications.
Alisiya [41]
Mass customization (build to order)
4 0
3 years ago
Read 2 more answers
The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 300 units at $5 each on January 1.
bogdanovich [222]

Answer:

Cost of goods sold is d. $1,600

Explanation:

The LIFO is a method used to account value for inventory. Under the method, the last item of inventory purchased is the first one sold.

1. January 1,  Inventory 300 units, $5 per unit. Total $1,500

2. Purchasing:

In February, 500 units, $4 per unit. Total $2,000

In March,  200 units, $6 per unit. Total $1,200

The Xu Corporation uses a periodic inventory system and sells 300 units during the quarter.

Cost of goods sold = 200 x $6 + 100 x $4 = $1,200 + $400 = $1,600

3 0
3 years ago
Other questions:
  • Select the correct answer from each drop-down menu.
    6·2 answers
  • Budgeted depreciation expense would not appear on a:
    13·1 answer
  • Changing business process usually does not have effects on information technology.
    9·1 answer
  • You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a lo
    10·1 answer
  • Identify financial statement by type of information) Butler Tech, Inc., is expanding into India. The company must decide where t
    5·1 answer
  • Which of the following statements is correct?
    7·1 answer
  • Shoe Box Stores is currently an all-equity firm with 25,000 shares of stock outstanding. Management is considering changing the
    9·1 answer
  • Rather than have the top level of management make all the decisions, Jake's company gives all lower-level managers the authority
    9·1 answer
  • Name the four functions of money ​
    12·1 answer
  • The risk premium (hence expected return) of a security is determined by its ________ risk and does not depend on its ___________
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!