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vaieri [72.5K]
3 years ago
12

Bernie's firm has set corporate direction to become one of the leaders in each of its significant market segments. It was Bernie

's job to examine the firm's pricing strategy to determine how to maximize market share, even at the expense of profits in the short run. What kind of company objective would guide Bernie's effort? Multiple Choice a) industry-oriented b) sales-oriented c) competitor-oriented d) innovation-oriented e) customer-oriented.
Business
1 answer:
AlladinOne [14]3 years ago
8 0

Answer:

b) sales-oriented

Explanation:

Based on the information provided with regards to the situation at hand it seems that the objective that would guide his efforts would be sales-oriented. This term refers to a business approach in which the individual focuses more on persuading the customer to purchase a certain product as opposed to focusing on other factors such as their needs and wants. This approach would drive up market shares as it will increase sales.

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Which test of whether an organization is well designed relates to what extent layers of management are necessary to provide focu
diamong [38]

The redundant hierarchy test is an organization is well designed relates to what extent layers of management are necessary to provide focus, direction, or coordination for the units in their scope.

What do you know about organizational development?

A definition. Organizational development is a critical and science-based process that helps organizations build their capacity to change and achieve greater effectiveness by developing, improving, and reinforcing strategies, structures, and processes.

The redundant hierarchy test:

helps point out this design weakness, alerting designers to the need either to eliminate the layer or to define the responsibilities, skills, management processes and leadership style that will make the layer a positive influence on performance.

What is the purpose of organizational design?

Organisational design is the process of aligning the structure of an organisation with its objectives, with the ultimate aim of improving efficiency and effectiveness. Work can be triggered by the need to improve service delivery or specific business processes, or as a result of a new mandate.

Learn more about redundant hierarchy test:

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4 0
1 year ago
Paul Solomon is the owner of Solly's, an upscale restaurant in Tampa, Florida. Each year, Paul spends about $150,000 in advertis
Papessa [141]

Answer:

E. systematic sample

Explanation:

Base on the scenario been described in the question, Paul Solomon the owner of Solly's, an upscale restaurant in Tampa, Florida, wants to know how good his advertising dollars is work, he hires Getty research to do this, Getty research advised to do a TOMA study, for Getty to draw it samples, they have to use systematic sampling.

Systematic sampling is a statistical method sampling that involves the selection of elements or members from a well ordered sampling frame.

4 0
2 years ago
Prior to any trip it is important to do all of these except:
ivanzaharov [21]
<span>Checking the upholstery is not one of the important pre-trip tasks. This is not something that will affect anything other than the passenger comfort during the trip. Making sure that one has enough gas and other fluids in the car is much more important to the overall trip.</span>
8 0
3 years ago
Revenues, Expenses, and Cost of Goods Sold are closed to which of the following accounts:_________
iren2701 [21]

Answer: A) Income Summary

Explanation:

The Income Summary account is used to compile temporary accounts before posting them to capital accounts. Revenues, Expenses and Cost of Goods are temporary accounts which will be compiled in the Income summary account.

The Income summary account has a debit and a credit side with income going on the credit side and expenses going on the debit side. If the credit side is higher than the debit side then profits have been made. The reverse is true.

6 0
3 years ago
Lennon, Inc. is considering a five-year project that has an initial outlay or cost of $80,000. The respective future cash inflow
SIZIF [17.4K]

Answer:

26.16%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be determined using a financial calculator

CO = -80,000

C1 = $15,000

C2 = $25,000

C3 = $35,000,

C4 = $45,000

C 5 = 55,000

IRR = 26.16

To determine IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

4 0
3 years ago
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