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Vanyuwa [196]
3 years ago
12

A strategic plan is a carefully crafted set of steps that a firm intends to follow in order to be successful. The business model

is a central element of a firm’s strategic plan and describes the process whereby a company hopes to earn profits and outperform the competition. The importance of an effective strategy cannot be overstated. With this in mind provide a substantive response to the questions below: Think about the best and worst companies you know. What is extraordinary (or extraordinarily bad) about these firms? Are their strategies clear and focused or difficult to define? Explain.
Business
1 answer:
Nikolay [14]3 years ago
8 0

Answer:

A business model integrated with the well-developed and analytical strategic plan is essential for any company that plans to achieve market position, without these two tools it is impossible for a company to survive in the highly competitive market in the long term.

It is through the business model and strategic planning that the company identifies itself, outlines its mission, values ​​and action plans to achieve the objectives.

The most successful companies in the world are well-organized companies, who know what direction they want to go, their identity, their strengths and weaknesses, their competitors, etc.

A company with clear and focused strategies is Apple, one of the largest technology companies in the world, which strategically sought to become the most important company in the world, therefore it developed innovative products that revolutionized the market and made the company a reference in the manufacture of cell phones, computers and electronic devices. Apple has created a value and consumer identity proposition for its products that was only possible thanks to analytical strategic decisions envisaged through effective planning.

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masha68 [24]

Answer:

The correct answer is option d.

Explanation:

An industry is comprised of a large number of small firms.  

Because of losses, many firms have left the industry.  

This will cause the industry supply to decline.  

The industry supply curve will move to the left.  

The new supply curve will intersect the demand curve at a higher point.

This leftward shift in the supply curve will cause the equilibrium price to increase and equilibrium quantity to decline.

3 0
3 years ago
Jeff purchased​ $550 of goods and received credit terms of​ 5/15, n/30. How much did he pay if payment was made during the disco
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Answer:

$522

Explanation:

Calculation to determine How much did he pay if payment was made during the discount​ period

Amount paid =$550-(5%*$550)

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Amount paid=$522

Therefore the amount he will he pay if payment was made during the discount​ period is $522

7 0
3 years ago
Bill Lister contracted with Plimsoll Corporation to complete the roofing on a housing complex. A signed contract established a f
zhenek [66]

Answer:

The correct answer is letter "B": independent contractor.

Explanation:

An independent contractor is typically a third party hired to perform a specific job on behalf of other companies without the need of sharing employees. The independent contractor acts as another company with its own payroll and has all the benefits and liabilities according to the type of organization it selects for business.

4 0
3 years ago
C) It is generally agreed that the government must provide public goods.
stich3 [128]
Public goods are food , plants Nd stuff in public
8 0
3 years ago
The current price for a good is ​$​, and units are demanded at that price. The price elasticity of demand for the good is . When
Harman [31]

Answer:

Consumer surplus decreases by $180.

Explanation:

Current consumer surplus =  $25 * 90 unit = $2250

If the price of goods drop to $23 then the new consumer surplus will be

$23 * 90 units = $2070

The change in consumer surplus is $180 .

3 0
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