Carter Pearson is a partner in Event Promoters. His beginning partnership capital balance for the current year is $55,700, and h
is ending partnership capital balance for the current year is $62,700. His share of this year's partnership income was $5,950. What is his partner return on equity
The correct answer is the option E: strengthening the market position and building competitive advantage for a single line of business.
Explanation:
To begin with, in the world of business, the strategy concerns on making a plan that must be adaptative to the future conditions and that can be realistic at the same time in order to follow the budget requirements that the superiors have and that can be able to accomplish the most important aspects of every major strategy, and that is, to strength the market position of the company regarding that specific line of business and to also acquire competitive advantage as much as possible so that the sales will increase and the primary goal of the company of earning profits will be satisfied.
It is important for a manager/decision maker to have a good understanding of both of these approaches, because it is more beneficial if the manager/decision maker can combine the two approaches to the situation.
