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nika2105 [10]
3 years ago
6

You have been working as an intern for your father's construction company and have been asked to sit in the on the company revis

ioning meeting. Because this is your first time in a marketing planning meeting, you are somewhat confused about the jargon being used. One of the employees explains to you, the difference between strategic planning and tactical planning, and asks you to provide examples so she can make sure you understand the concepts.Which of the following is an example of a strategic plan?
Within the next ten years, we want to open 20 locations.
Hire a new COO to guide company expansion.
Ensure that company makes 35% profit annually for the next three years.
Business
1 answer:
posledela3 years ago
8 0

Answer:

Within the next ten years, we want to open 20 locations.

Explanation:

Strategic plan is a long term plan, and many times is connected to goals or objectives of the company.

As the opening of 20 stores is a great goal for any organization as that aims for growth, and involves a business strategy of reaching maximum customers and making them aware of the products and then increasing and gaining a competitive advantage over the other organizations.

You might be interested in
Risks of global trade include all of the following EXCEPT ________.
mihalych1998 [28]

Answer:

Option e: Increased opportunities for growth

Explanation:

Global trade is simply the exchange of goods between different countries.Trade is an exchange of items between people or countries.Countries are able to obtain goods they need from other countries.

four major risks in international business includes Country risk, commercial risk, cross-cultural risk, and currency risk.

Increased opportunities for growth is not an effect of risk in global trade.

6 0
3 years ago
Mark and Parveen are the parents of three young children. Mark is a store manager in a local supermarket. His gross salary is $7
netineya [11]

Answer:

$367,500

Explanation:

Estimation of the family’s life insurance needs

Using the easy method

Based on the information given we were told that Mark gross salary is $75,000 while is wife

Parveen is a stay-at-home mom this means that we would be using the easy method to estimate the family’s life insurance needs based on Mark gross salary of $75,000 because he is the only one that earn on a monthly basis.

Insurance need =$75,000 x 7 years x 70%

Insurance need = $367,500

Therefore the family’s life insurance needs will be $367,500

5 0
3 years ago
3. Categories of expenditures Edison and Hilary Girard live in Swarthmore, PA. Hilary's father, Kevin, lives in Sweden. For each
Ksivusya [100]

Answer:

Explanation:

1. Hilary's father in Sweden orders a bottle of Vermont maple syrup from the producer's website: included in U.S exports (X) account because it produced in the U.S soil.

2. Hilary gets a new video camera made in the United States: included in Consumption (C) account.

3. Edison's employer upgrades all of its computer systems using U.S.-made parts: included in the Investment (I) account because it is capital expenditure.

4.The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore: included in government purchases (G) account because Pennsylvania repaves are paid by the state of Pennsylvania.

5 .Edison buys a sweater made in Guatemala: included in Imports (M) account because it is consumed in U.S soil but not produced there.  

 

8 0
3 years ago
NOVA Chemicals is a plastics and chemical company whose products are used in a wide variety of applications, including food and
yaroslaw [1]

Answer:

Targeting.

Explanation:

In marketing, Targeting refers to dividing your whole market into specific groups, and focus all your marketing effort to the group that is most likely would find your product relevant and appealing.

In the example above, we now that NOVA only markets its plastic chemical products to food and electronics industry because these industries have a lot more application for NOVA's product compared to other industries.

(For example, the food industries could use the plastic products for their packaging and utensils. The electronic industries could use NOVA's product for its product's structure.)

4 0
3 years ago
Colorado Real Estate Commission Rule E-4 and E-5 give direction about retaining the needed contracts after closing a transaction
lana [24]

Answer:

According to Colorado Real Estate Commission Rule E-4 and E-5, copies that are exceptions to the rule include; notes, mortgages, deeds and trust deeds.

Furthermore, settlement sheets, listings, and any other document that it is required for the parties to impend their signatures, have to be retained for a period of four years even after closing a transaction or a contract.

Explanation:

3 0
3 years ago
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