All categories

4 years ago

Give four examples of routine decisions.

Business

2 answers:

Yakvenalex [24]4 years ago

8 0

Answer:

1. analytic

2. conceptual

3. directive

4. behavioral

Explanation:

It's just that easy!

.....also good luck with your questions! :)

please mark brainliest!

Viktor [21]4 years ago

5 0

Answer:

What you're going to eat, what you're going to major in, whether you're going to hang out with friends or not, or where you're going to work

Read more about marginal revenue

<em>brainly.com/question/10822075</em>

3 0

2 years ago

Imagine you own a small gift shop in a popular but remote tourist location. You want to develop an effective marketing strategy

Arlecino [84]

Answer:

Situational actions on SWOT of a business

Explanation:

<u>Strengths</u>

You have especially good relationships with many suppliers due to your years in business and your success.

You have developed a software system that makes online orders extremely easy.

<u>Weaknesses</u>

You are dependent upon a few artists to keep you in stock.

<u>Opportunities</u>

Your business is in a location that is easy to get into and out of.

The highway that they have been talking about for years is finally being built.

Two new hotels are scheduled for opening next year.

<u>Threats</u>

It is difficult to hire workers with retail experience in the area.

The price of gas goes up.

Wal-Mart moves into a town a few miles away.

The Post Office decides to cut deliveries on Saturday.

Another gift shop may open next door.

Three marketing actions to ensure the success of the shop and why it will work include:

1. Expand your advertisement outreach for experienced retail workers beyond your location, with motivational packages and incentives. Alternatively, get workers around your location and train them to acquire the required retail experience for the job

2. With increase in the price of gas which affects your profit margin, and taking into cognizance your strength in cusstomer relationship, endeavour to increase your product and service outreach and turnover to mitigate for the addition expenses.

3. With the arrival of Wal-Mart as competitor, you will need to maintain consistency in products and services, as well as offer promotional packages

4 0

4 years ago

To get the benefits of vertical integration without the accompanying risks, companies can ______. (Check all that apply.)

Ganezh [65]

Companies can do the listed in order to get the benefits of vertical integration without the accompanying risksL

choose strategic outsourcing
use taper integration

<h3>What is a vertical integration?</h3>

This refers to a business strategy that allows a firm company to alter or design its operations by taking direct ownership of various stages of its production process rather than just relying fully on an external contractors or suppliers.

The risk associated with a vertical integration that could be an inability to cope with new technologies because they evolve quickly can be correct by choosing a strategic outsourcing or using a taper integration.

Therefore. the Option A & B is correct.

Missing options "

-choose strategic outsourcing

-use taper integration

-control every element of the industry value chain

-opt to become fully vertically integrated"

Read more about vertical integration

brainly.com/question/11773609

#SPJ1

7 0

2 years ago

Most licensed architects are members of which association? A. ACSA B. AIA C. NAAB D. NCARB E. NVOB

Rasek [7]

Answer: It is B. AlA

Explanation:ALA is open to all architects and professions related to architecture. Our members hold individual memberships and specialize in all types of architecture.

8 0

3 years ago

Costs that have already been incurred and cannot be avoided regardless of what a manager decides to do are ______ costs.

Sergeeva-Olga [200]

Costs that have already been incurred and cannot be avoided regardless of what a manager decides to do are sunk costs.

Money that has already been spent and cannot be recouped is referred to as a sunk cost.
The sunk cost phenomenon in business is an example of the notion that one must "spend money to make money."
A sunk cost is distinct from potential future expenses a company can incur, such as choices on the price of products or the cost of purchasing inventories. Sunk costs are disregarded while making future business decisions since they won't change regardless of the choice made.

<h3>Give an example of Sunk cost.</h3>

Let's say XYZ Clothing produces baseball gloves. It leases a factory for $5,000 each month, and the machinery was paid in full for $25,000 before. The business makes a simple glove model for $50 and sells it for $70. The producer can make a $20 profit on each basic model sold. As an alternative, it can carry on with production while spending an additional $15 and sell a premium model glove for $90.
The company weighs the $20 increase in revenue against the $15 additional cost when deciding whether to produce the premium glove to generate a $5 profit. The cost of the factory lease and the cost of the equipment are both buried expenses and are not taken into consideration when making decisions.
Sunk costs become important costs and ought to be included in company choices on upcoming events if they can be removed at some point.
Any sunk costs that have expiration dates should be taken into consideration, for instance, if XYZ Clothing is thinking about closing a production plant. XYZ Clothing weighs the revenue that would be lost if production stopped along with the expenditures that would also be eliminated when deciding whether to close the facility. If the factory lease expires in six months, the lease cost should be included as an item that can be reduced or eliminated since it is no longer a sunk cost. The plant should be shut down if the overall costs exceed the revenue.

Learn more about Sunk cost here:

brainly.com/question/20438089

#SPJ4

5 0

2 years ago