After completing the organizational assessment, Matthew's next step should be to formulate the functional strategies.
The action plans that a company develops in different areas to achieve its objectives and goals in the short and long term are called functional strategies.
It is the set of strategies of the areas:
- Commercial
- Financial
- Marketing
- Production
- Human Resources
- Distribution
- Technology
As a company is an integrated system that works to achieve a common goal, which in general is to be profitable and competitive in the market, the functional strategies must be aligned with those at the corporate and organizational level.
Therefore, the formulation of functional strategies is essential for the integration and optimization of organizational resources in order to achieve a company's objectives and goals.
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Answer:
Investing activities
Explanation:
Investing activities refer to the activities of purchasing and selling long-term assets or other investment instruments. Cash flow from investing activities is among the three primary sources of a business's cash flows as recorded in a cash flow statement.
Other activities that are considered investing activities include
- Acquisitions of other firms or businesses
- Incomes from the sale of other businesses
- Purchases or sale of marketable securities such as shares, bonds, etc
Answer:
Income will be higher by $16 per unit
Explanation:
As per the data given in the question,
Direct material = $38
Direct labor = $50
Overhead = $21
Total variable cost = $38 + $50 + $21
= $109
Cost of supply = $125
Income increased per unit = cost of supply - total variable cost
=$125 - $109
= $16
Because the cost of inhouse is lower therefore net income will be more by $16 per unit
Answer:
task environment
Explanation:
It can say that based on the information provided within the question this scenario illustrates a force present in the task environment of an organization. This term refers to different conditions caused by third party factors such as supplies and distributors that directly affect the organization as well as how successful it is in achieving it's goals. Which in this scenario the task environment component affecting them are their competitors.
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