Answer:
d. envisioning high-quality sportswear and realizing high sales
Explanation:
At the first step of strategic planning process he identifies the opportunity which lies in high quality sportswear. At the last step execution is done for making the opportunity being realized by achieving the high sales.
Options to the question are: " a. finding producers and establishing a corporate culture
; b. establishing a corporate culture and formulating a marketing strategy
; c. formulating a marketing strategy and envisioning high-quality sportswear
; d. envisioning high-quality sportswear and realizing high sales
Answer: Corporate Cultural Responsibility.
Explanation:
The corporate cultural responsibility of a company are the standards members of the society have come to expect from the company based on the previous ways their members of staff have been seen to operate. Corporate Cultural responsibility can be seen in staff dress-code and work style.
Answer:
The correct option is D,$3,000,000
Explanation:
The break-even point in dollars =fixed costs /contribution per unit
fixed costs is $900,000
contribution per unit =selling price-variable costs
if variable cost is 70% of selling price , it implies that selling price is 100%, as a result ,contribution is 30% 0r 0.30 (100%-70%)
Break-even in dollars=$900,000/0.3
=$3,000,000
Ultimately, the break-even in dollars is $3,000,000,option D
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Draw the supply/demand curve. The line is above market equilibrium....the question literally states that the price rises, and since the supply curve has a positive slope (assuming unit elasticity), the supply will increase. Meanwhile, the demand curve has a negative slope (still assuming unit elasticity), so the demand for it will decrease. This will result in a surplus, aka, an excess supply.