When company managers formulate strategy decisions resulting from their internal analysis, they are primarily making decisions about how to obtain and allocate critical and scarce resources.
<h3>What is business strategy?</h3>
Business strategies are actions created to run and conduct operations, so that the business can grow. They are ways developed by business to create values.
It also involves looking for places in the market, gaining new customers as well as keeping existing customers happy, being able to compete in their field, and achieving goals.
Importance of strategies as it relate to a business are:
- It helps define a business hence gives set of values and purpose.
- It helps a business understand what success actually looks like.
- It provides a roadmap for our business,
Learn more about business strategies here: brainly.com/question/8192142
#SPJ1
Answer:
c. she dislikes bad things more than she likes comparable good things.
Explanation:
In business sense where this falls to place, a risk aversed person is someone who invests in stock, trades and other business with an aim to possibly minimize any form of losses in his or her tine in doing these businesses. S/he is likely or can comfortable do a business and be sure of little interest or returns rather than venturing or risking trying deals that outcomes or returns are totally uncertain to the investor. Therefore after evaluations of this kind, it is easily denoted that being a risk taker could possibly be the opposite of being risk averse.
Answer:
A. rapid shirt completion with a short break after each five completed
Explanation:
She most likely engaged in rapid shift completion with a short break after each five completed to be able to receive the $5. The reward becomes her motivation for doing the work rapidly and quickly as possible. Since emphasis is laid on completion of the 5 shirts for the payments, she'd not be concerned with any other thing again than how quickly she can complete sewing five shirts. Also, she'd only take a short rest after completing 5 shirts because she's influenced by the fact that ome shirt isn't equivalent to $1. So to meet up with that amounts, she completes the 5 rapidly as a unit, then takes a short break and repeat the process again.
Answer:
Mostly because of the <u>scope and influence of big corporations</u>. Although it is easy to start a proprietorship, it is known that revenue will always be limited for that kind of enterprise.
A proprietorship is synonymous with a single person running the company. Usually, small grocery shops, studios, mom-and-pop stores are examples of proprietorship. They will never account for revenue that is even similar to that of a well-known corporation.
Why? Corporations have an advantage over numerous factors:
- bigger<em> budget</em> for investments and various improvements
- <em>omnipresence</em> - Usually, corporations have branches all over the world, reaching out to more customers.
- brand image - This is due to the previous factor. Customers may find corporations and chains more trustworthy, as their grasp of business and operations is huge.
I believe they encourage people to Save More