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stiks02 [169]
3 years ago
11

You are trying to save up for a spa package that costs $300. After looking at your paycheck, you decide that you will be able to

set aside $50 a week for the next 6 weeks. Knowing this information, you call the spa to make a reservation for this package for 2 months from now. Which type of goal does this situation best describe?a. Immediateb. Long termc. Short termd. Unrealistic
Business
2 answers:
Papessa [141]3 years ago
7 0

Answer:

C is your answer.

OlgaM077 [116]3 years ago
4 0

Answer:

Short term

Explanation:

A short term goal is a mission that one wishes to accomplish in the immediate future. In general, short goals are achieved within one year. Plans or objectives that are set to be fulfilled within one year or less are short-term goals.  Another example of a short term goal is the purchase of household furniture.

The spa package budget will be achieved in six weeks, thereby qualifying as a short term goal. Long-term goals contrast short term goals as they take longer than one year to achieve.

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What are some of the advantages and disadvantages of a) individuals as innovators, b) firms as innovators, c) universities as in
ch4aika [34]

Answer:

a. Individuals as innovators

<u>Advantages</u>

1. Individuals have no limits (no hard rules) as to whom they can sell their innovation to.

2. An individual can be able lead a successful career with their innovation is any company

<u>Disadvantages</u>

1. Capital is a major limit for most individuals who may not be able to market their innovations.

2. Lack of Knowledge in Patenting innovation ideas have led to most individuals losing their innovation to others.

b. firms as innovators

<u>Advantages</u>

1. Successful innovation can help a firm improve its processes and increase its revenues.

2. Innovation in a unique product can often lead a firm to monopoly as the product becomes a necessity

<u>Disadvantages</u>

1. Firms have more rivalry such that others can copy the innovation or produce another close substitute which can render all efforts to a loss.

2.It takes so much time for the innovation to be approved in a firm as some structures of authority have to be followed and also depending on the culture of the firm towards innovation.

c. universities as innovators

<u>Advantages</u>

1. Universities are better able to raise capital through the Research Funds granted to them by stakeholders.

2. Innovation increases a University`s reputation and improves it rankings.

<u>Disadvantages</u>

1. High dependence on government agencies for funding by Universities means Innovation successes are easily affected by the fiscus.

2. Universities are not effective at marketing Innovations on their own.

d. government institutions as innovators

<u>Advantages</u>

1. The government can increase revenue by improving processes and cutting costs.

2. Innovation can improve transparency and help improve governance and administration.

<u>Disadvantages</u>

1. Adoption of innovation is usually slow as it has to pass so much bureaucracy.

2. Most personnel prefer working in private institutions hence the personnel to drive innovation in governments may be unavailable or inadequate

e. nonprofit organizations as innovators

<u>Advantages</u>

1. There is so much option for funding of innovations ranging from Individuals, Companies and Government

2. Most innovations are driven by Human Need hence their increased success.

<u>Disadvantages</u>

1. The innovation may not be able to generate the revenue to cover the costs.

2. The organizations are usually lacking personal's to drive innovations as people prefer to be paid more for their work.

Explanation:

Innovation is defined as the creation, development and implementation of a new product, process or service. The aim of  innovation is to  improve efficiency, effectiveness or competitive advantage. Innovation presents advantages and disadvantages to various players as listed above.

6 0
3 years ago
What is the slope of the line represented by the equation y=-2/3<br>- 5x?​
iren [92.7K]

Answer:

the slope is -5 or -5/1

Explanation:

7 0
3 years ago
A SWOT analysis stands for what
timofeeve [1]

Answer:

Strengths, Weaknesses, Opportunities, and Threats analysis

Explanation:

3 0
3 years ago
Hodgkiss corporation is evaluating an extra dividend versus a share repurchase. in either case, $25,960 would be spent. current
Artyom0805 [142]
<span>If Hodgkiss corporation plans to declare extra dividend out of $25,960 then a dividend of $5.90 shall be declared and EPS shall remain $2.80 since number of shares outstanding continues to be 4400. and PE ratio would be 95 divided by $2.80 i.e.33.93. In case of repurchase, at a share price of $95, with $ 25960 company can repurchase 273 shares, resulting in 4127 number of outstanding shares in the market. Company's earning is $2.8*4400= $12320. With number of shares outstanding at 4127, new eps would be $12320 divided by 4127 i.e. $2.98. New PE ratio would be $95/$2.98 i.e. 31.88</span>
8 0
3 years ago
Decison support systems help managers use __ to identify problems a d find solitions to business related problems. the __ system
Ber [7]

Answer:

raw data; Financial planning

Explanation:

"Decision support systems"<em> (DSS)</em> is an information system or a computerized program that helps assist an individual or a business in terms of making decisions.  So, this means that it helps the decision-makers in addressing their problems through raw data or data that is available. These data can be<em> partially structured or not structured at all.</em>

One example of DSS is the "Financial Planning system." This kind of system allows the manager to thoroughly examine the different alternatives or choices before it comes up with a final decision.

So, this explains the answer.

7 0
3 years ago
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