The constant planning, monitoring, analysis, and assessment of all requirements that a company requires to accomplish its goals and objectives is known as strategic management. Organizations will have to reevaluate their success methods on a regular basis as a result of changes in the business environment. The strategic management process aids businesses in taking stock of their current condition, developing and implementing management plans, and evaluating their efficacy. There are five fundamental tactics for strategic management, and how they are implemented will vary based on the situation. On-site and mobile platforms both require strategic management.
The benefits of strategic management are typically seen as both financial and non-financial. A key duty of a board of directors is carried out via a strategic management process, which aids a business and its leadership in thinking about and making plans for the future. The organization's and its employees' direction is established by strategic management. Effective strategic management continuously prepares, monitors, and tests an organization's activities in contrast to static strategic plans, increasing operational effectiveness, market share, and profitability.
To lean more about strategic management from the given link.
brainly.com/question/24845876
#SPJ4
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Answer:
The correct answer is <em>Temporarily low and so supply a smaller quantity of labor</em>.
Explanation:
The inflation index is a variable that takes little to be identified by people. Although the price of products may have volatile movements, a decrease in the first place will lead to "Normal" behavior, which is expected to increase in the future.
In terms of work, it influences negatively because employees will feel little commitment and will be discouraged to see a decrease in their income.
Answer:
Operating expenses
Explanation:
Before a business yields a profit as an output , there is a need for some input from the business owners. One of these input is operating expenses .
Operating expenses is supporting cost of keeping the business running in the course of normal production , different from the cost of production and is necessary as every form of other cost may not get a desired result without the operating cost.
Examples include rent , payroll ,transportation , security fees among others.
Answer:
$414,070
Explanation:
Calculation to determine the cost of merchandise sold for October
Merchandise inventory, october 1 $ 98,560
Add: Purchases $433,880
Add: Transportation in $7,620
Less: Purchase return and allowances $12,760
Less: Purchase discount $9,900
Less: Merchandise inventory, october 31 $102,330
Cost of merchandise sold $414,070
Therefore the cost of merchandise sold for October will be $414,070
