Answer:
The correct answer is letter "B": choosing among different strategies and altering them to best fit the organization's needs.
Explanation:
Strategy formulation implies setting different plans of how to accomplish corporate goals including all the resources necessary to reach the firm's achievements and selecting one of them as the most suitable for the organization by which profits can be maximized. The strategy formulation process involves:
- <em>Establishing goals
</em>
- <em>Evaluating the company's environment
</em>
- <em>Setting measurable targets
</em>
- <em>Aligning unit and corporate plans
</em>
- <em>Performance analysis
</em>
- <em>Selecting the best strategy</em>
Answer:
$9.40
Explanation:
First we have to calculate the future value of the stock when it starts to pay the $1.40 using the perpetuity formula:
stock price in 7 years = $1.40 / 10.7% = $13.08
Now we have to find the present value of both next year's dividend and the perpetuity:
stock price = ($3.30 / 1.107) + ($13.08 / 1.107⁷) = $2.98 + $6.42 = $9.40
Answer:
A process designed to identify, qualify, and prioritize sales opportunities, whether they represent potential new customers or opportunities to generate additional business from existing customers
Explanation:
1) Generating Sales Leads
-Qualifying sales leads
2) Determining Sales Prospects
3) Prioritizing Sales Prospects
4) Preparing for Sales Dialogue
5) Remaining stages in the trust-based sales process
Answer:
C. A business plan is a business’s roadmap for the future
Explanation:
A business plan a is well formulated document that includes all the details about nature of the business, sales and marketing strategies, customer demographics, projected revenues of the future along with other financial projections. Business plan is often termed as a Blueprint of the Business.
No matter what the scale of a business is, it is a startup or a fortune 500 company, all of the businesses need to have a business plan to get successful. And a proper business plan and its execution which brings a business to massive heights in the first place.
Based on this discussion, we can conclude that option C is the correct answer for this question. Option D is not a correct answer because simply making a business plan does not guarantee success. There are many other factors that determine the success of a business e.g. execution of ideas, choosing the right team, getting enough finances.
Answer:
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