Answer:
How are fixed costs different from variable costs?Fixed costs do not change no matter how much a business produces; variable costs do change.
Explanation:
when a company decides to produce a certain commodity fixed cost and variable costs are the main costs of the company. Fixed costs are constant regardless of the amount of output a company produces . e.g insurance and rental payment while Variable cost changes or varies or with the amount of goods and services produced by a company.e.g money paid for labour.
Answer:
The delegation is not effective and valid since the original contract was based on personal skills and it involves personal services.
Katherine's personal expertise is required to write the chapter and Dana does not necessarily possess the same expertise or skills as Katherine does.
Answer:
high
Explanation:
the most popular time of year at a resort, hotel, or tourist attraction, when prices are highest
The thing which senior managers engage in when they structure the organizational relationships to work cooperatively to achieve goals is:
- Efficiency and Effectiveness.
<h3>What is Efficiency?</h3>
This refers to the ability to perform a task or tasks quickly, accurately and with minimal error.
With this in mind, we can see that when senior managers prioritize <em>efficiency and effectiveness</em> in their organizational structure, then they would easily accomplish goals.
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In order to achieve solid business strategy in the leadership plan, the three goals the leadership plan includes are attracting new customers, increasing revenue, and decreasing cost price.
The three main goals in order to achieve solid business strategy in the leadership plan are targeting and attracting new customers, decreasing the cost price of goods or services being offered, and increasing the revenue.
The detail of these goals is given below:
- Attracting new customers is considered an important leadership goal as it increases market share and promotes competition with other brands. New customers are important in terms of sales. It is needed for a business to grow.
- Increasing revenue It is considered an important leadership goal because the basic purpose of every business is to earn profit. More growth means more profit. If an organization will be able to increase its revenue it will be able to maximize its profit.
- Decreasing cost price It is considered an important leadership objective because if the sale remains same then the company will earn more profit. The cost is linked directly with profitability. More profit means more growth of the company.
Therefore attracting new customers, increasing sales of product and services offered and decreasing cost are considered three goals that a leadership plan must include to achieve business strategy.
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