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4 years ago

Managing Organization

Business

1 answer:

pishuonlain [190]4 years ago

7 0

Answer:

Answer explained below

Explanation:

In determining the next big market to expand, the firm should do an analysis of the strengths and weaknesses of the company and also should try to understand the opportunities and threats that the external world would present to the company. This can be accomplished by using a SWOT analysis and by aligning the strengths with the opportunities, the firm can zero down on the potential opportunities.

Next the firm can also do an analysis of the internal culture of the firm and also do a PESTLE analysis of the potential markets so that a mapping of the political, economic, technological and cultural factors can be done and it can studied which market is the closest to the current market across dimensions. Once the closest target market is identified, it can then decide to expand into that market.

As per the analysis, it would be beneficial for the firm to expand into a market where the spending power of the consumer is similar to US and there is a certain degree of cultural similarity. So such a candidate market could be United Kingdom.

The process followed for determining the potential market is:-

1) Determining internal strengths and weakness.

2) Access external market opportunities and threats

3) Determination of potential markets.

4) Undertaking a PESTLE analysis and determining the most suitable market by choosing the market which is most similar in all dimensions to the current market.

The risks of the plan is that there could be unforeseen events or disruption which may make the choice unviable or incorrect. Moreover it is slow and exhaustive process, so go to market may be slow.

The advantages are that all pros and cons are evaluated and so chances of success and risk mitigation is high.

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Maintaining good contact in a relationship is also known as the _______ of a relationship.

WITCHER [35]

Beginning of a rellationship

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3 years ago

Devin had worked for his company for several years and was considered to be a politically savvy employee. After earning several

alexgriva [62]

Answer:

informal organization.

Explanation:

An informal organization is the social structure of an institution in which it works differently from the formal type of organization. In this form of organization social relations are built among the members of same organization or institution. This form of organization functions differently from formal type of organization as it involves building relationships, communities, social network, and emotional connection.

<u>In the given scenario, Nina and Devin shares the informal organizational form of human side. They both work in the same organization and have developed a relationship. Nina has made use of the informal organization to push her agenda. If she would have taken formal organizational form then she would have to work hard to push her agenda and follow the organizational pattern</u>.

Thus the correct answer is informal organization.

8 0

4 years ago

A number of activities that are a part of a company's quality control system are listed below.

Karolina [17]

Answer:

Following is the classification of the costs associated with each of these activities that is prevention cost, appraisal cost, internal failure cost, or external failure cost.

(a) Product testing - Appraisal Cost

(b) Product recall - External Failures

(d) Quality circle - Prevention cost

(e) Inspection of goods - Appraisal Cost

Explantion cost:

Appraisal costs are costs incurred to detect defects in the poduct produce. Prevention cost are cost incurred to prevent detects in the product produce.

Internal failure costs are costs incurred to remove defects found before the customer receives the product or service. External failure costs are costs incurred to remove defects found after the customer receives the product or service.

8 0

3 years ago

On November 30, the company received an invoice from the electric company for $200. The company will pay the invoice in December

harkovskaia [24]

Answer:

Utility expense Dr. $200

Accounts payable Cr. $200

(To record the entry for electric expense)

Explanation:

Given the amount of the invoice = $200

The expenses like Electricity expenses come under utility expenses so the incurred electricity expense will show that the utility expenses are debited and account payable is credited. Here the account payable is credited because the is not paid.

Thus, below is the entry as on 30th November.

Utility expense Dr. $200

Accounts payable Cr. $200

(To record the entry for electric expense)

8 0

3 years ago

An investment offers $6,600 per year for 10 years, with the first payment occurring one year from now. If the required return is

Reika [66]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

An investment offers $6,600 per year for 10 years, with the first payment occurring one year from now. The required return is 5 percent.

A) FV= {A*[(1+i)^n-1]}/i

FV= {6600*[(1.05^10)-1]}/0.05= $83,014.09

PV= FV/(1+i)^n= 83,014.09/1.05^10= $50,063.39

B) n=35

FV= {6600*[(1.05^35)-1]}/0.05= $596,114.03

PV= 596,114.03/1.05^35= $108,069.69

C) n=65

FV= {6600*[(1.05^65)-1]}/0.05= $3,014,866.87

PV= 3,014,866.87/ 1.05^65= $126,463.06

D) PV= 6600/0.05= $132,000

3 0

4 years ago