Answer:
Strategic management
Explanation:
Definition:
Strategic management is the identification, selection and implementation of an organisations long term goal and its objectives. It takes into account the concerns and existence of all stakeholders.
Three components of strategic management:
- Strategic Analysis - takes into account factors affecting the internal and the external environment of the business.
- Strategic Choice - involves the formulation, evaluation and selection of strategic options.
- Strategic implementation - involves implementing and monitoring the strategies selected by the business.
Answer: This is true
Explanation: Trust me... got it wrong once and I don't want anyone else to get it wrong.
Answer:
$1.5
Explanation:
Given:
Charges per order = $30
Charges per case = $50
1 case = 5 bags of fertilizers
Number of fertilizers bags needed per year = 2000 bags
Annual holding cost, C₀ = 30%
Now,
Annual demand for cases, D =
= 
= 400 cases
thus,
Annual unit holding cost per case,
= 30% of $50 i.e $15
Thus,
Economic Order quantity ( EOQ ) =
on substituting the respective values, we get
EOQ =
or
EOQ = 40
Now,
Annual ordering cost = Ordering cost × Number of orders
= C₀ ×
= $30 × 
= $300
Annual inventory holding cost
= Annual unit inventory holding cost × Average inventory
=
×
= $15 ×
= $300
Now,
Sum of annual ordering and holding cost per case of fertilizer
= $300 + $300
= $600
Therefore,
Annual ordering and holding cost per case of fertiliser
=
= 
= $1.5
Answer:
A.50%.
Explanation:
The price elasticity of demand formula is:
PED = Change in quantity demanded / change in price
plugging the amounts into the formula we obtain:
2 = X / 25%
Now, simply solve for X:
2 x 25% = X
50% = X
Thus, the total quantity demanded would increase by 50%