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ASHA 777 [7]
3 years ago
7

Managers must be prepared to modify their strategy except when:

Business
1 answer:
pishuonlain [190]3 years ago
7 0

Answer: rivals announce their monthly profit margins in public.

Explanation:

Strategies are the actions or plans which are put in place by a company in order to have competitive edge over its rivals and also achieve the organization objectives.

Managers must modify their strategies when:

• changing circumstances affect performance and the desire to improve the current strategy.

• rivals make or adjust moves in the market due to the shifting needs of buyers.

• encountering stagnating market conditions and increasingly restrictive new customer acquisition opportunities.

• evidence is mounting that the current strategy is becoming less effective.

The last option isn't necessary in order to modify their strategies. Rivals announcing their monthly profit margins in public isn't enough reason for a company to alter its strategies.

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Which of the following describes a project and development team?A. The team is responsible for making goods or doing services.B.
NikAS [45]

Answer:

The correct answer is B. They work to solve a particular problem.

Explanation:

A project and development  team is form to solve a particular problem and the members usually belong to different groups, have different functions and are assigned by the project manager to activities for the same project.

5 0
3 years ago
The marginal revenue product schedule is: * 1 point A) the same whether the firm is selling in a purely competitive or imperfect
Inga [223]

Answer:

B) the firm's resource demand schedule.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.

Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.

Marginal revenue can be defined as the additional amount of money that is gained or generated by a business firm from the sales of an additional unit of a product or service.

Hence, the marginal revenue product schedule is equal to the firm's resource demand schedule i.e the quantity of goods demanded at different price level at a specific period of time.

7 0
3 years ago
The marginal propensity to expend is 0.5 and there is a recessionary gap of $200. What fiscal policy would you recommend? (Assum
nlexa [21]

Answer: A. Expansionary fiscal policy, increase government expenditures by $100, or cut taxes by $200.

Explanation:

Recessionary gap = $200

Marginal Prospensity to Consume = 0.5

Spending multiplier will them be calculated as:

= 1/(1-0.5)

= 2

Tax multiplier will be:

= -0.5/(1-.5)

= -1

Therefore, the answer is option A"Expansionary fiscal policy, increase government expenditures by $100, or cut taxes by $200"

6 0
3 years ago
Smith & Sons uses the allowance method of handling its credit losses. It estimates credit losses at two percent of credit sa
borishaifa [10]

Answer:

$238,600

Explanation:

Firstly, we need to compute the amount of bad debt

= Credit sale × Bad debt expense

= $2,000,000 × 2%

= $40,000

The adjusted balance of allowance will be the addition of unadjusted balance of allowance account and the bad debt expense

= $21,400 + $40,000

= $61,400

The , the balance will be :

Accounts receivables = $300,000

Less: Allowance for doubtful account = ($61,400)

Net realizable value of account receivable = $238,600

4 0
3 years ago
An income statement: Select one: A. Reports the results of operations for a period B. Reports on the events causing a change in
bagirrra123 [75]

It should be noted that an income statement A. Reports the results of operations for a period.

<h3>What is an income statement?</h3>

An income statement simply means the financial statement which shows the income and expenditure of a company.

An income statement reports the results of operations for a period. It's important to know how the company is doing financially.

Learn more about income statement on:

brainly.com/question/24778422

7 0
3 years ago
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