<u>Full question:</u>
Culture is a component of what type of environmental force that must be scanned to assess its impact on the organization's marketing environment?
A) economic
B) competitive
C) social
D) regulatory
E) technological
<u>Answer:</u>
social environmental force that must be scanned to assess its impact on the organization's marketing environment
<u>Explanation:</u>
The social environment of a firm consists of all that society thinks, its rules, its works and it’s the process it performs. Prosperous marketing depends slightly on the strength of a company to accomplish its marketing arrangements within its social environment.
Social environmental forces are those forces that include attitudes and shared expectations of the population. Businesses also have their social environmental factors. This is also recognized as internal social environments. When purchasers endure a variety in their practice or standards, they exhibit various requirements and purchase distinct products.
Answer:
The Key Concepts of Effective Operations Strategy is explained below in details.
Explanation:
Operations management includes preparation, coordination, and supervising methods, and make significant enhancements for tremendous profitability. The improvements in the everyday operations have to promote the company's strategic purposes, so they are introduced by deep examination and determination of the current processes.
The selling price given as = $ 15
The cost per CD is = $ 11
The total profit = Selling price - Cost
Total profit per CD = $ 15 - $ 11
Total profit per CD = $ 4
The markup on selling price is calculated as - Total profit ÷ Selling price × 100
Markup on selling price = $ 4 ÷ $ 15 × 100 =26.6666 % or 27 %.
Suppose the sales increased by 50% in year 2 then it would be normal if the account receivable increased by 35%. However, I need to see the company accounts to understand what is going on. If the turnover is still the same then we can say that clients are paying slower.
