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Stells [14]
3 years ago
14

The competitive moves and business approaches a company's management is using to grow the business, compete successfully, attrac

t and please customers, conduct operations, respond to changing economic and market conditions, and achieve organizational objectives is referred to as its:___________
a. strategy.
b. mission statement.
c. strategic intent.
d. business model.
e. strategic vision.
Business
1 answer:
madam [21]3 years ago
5 0

Answer:

A. Strategy

Explanation:

A  Strategy is the direction set for the an organisation and its various methods to achieve a desired goal and objective in the future.  A strategy involves utilizing and allocating resources within the organisational environment in other for the organisation to meet its stated objectives.   In simple words, strategy is the blue print that an organisation uses to achieve its objectives

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When a corporation purchases treasury stock, the acquisition:
goldenfox [79]

Answer:

A. decreases the company’s total assets and total stockholders' equity.

Explanation:

The journal​ entry will be: Treasury stock (Debit - Increased) 6,000 and Cash (Credit - Decreased) 6,000.

Treasury stock is a contra equity account that increases, decreasing Equity and Cash or another payment medium are assets that decrease, balancing the Accountable equation.

8 0
3 years ago
An employer hiring in a competitive labor market should hire additional labor as long as Multiple Choice the wage rate is less t
KATRIN_1 [288]

The correct answer is-  the MRP exceeds the wage rate.

<h3>How does MRP influence wage rates?</h3>

Basic economic theory suggests that wages depend on a worker's marginal revenue product MRP. (this is basically the value that they add to the firm which employs them.)

MRP is determined by two factors: MPP – Marginal physical product – the productivity of a worker.

<h3>What factors increase wages?</h3><h3>Productivity:</h3>

Wage increase is sometimes associated with increase in productivity.

Workers may also be offered additional bonus, etc., if productivity increases beyond a certain level.

Learn more about MRP and wage here:

<h3>brainly.com/question/21252933</h3><h3 /><h3>#SPJ4</h3>
6 0
1 year ago
Suppose that the price of chicken rises sharply compared to the price of turkey. In response, consumers buy more turkey and less
astra-53 [7]

Answer:

A.overstate; substitution

Explanation:

Consumer Price Index (CPI): is a measure that examines the weighted average of prices of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking the average of the price changes for each item in the predetermined  goods. Changes in the CPI are used to assess price changes associated with the cost of living therefore the CPI is used economist for identifying periods of inflation or deflation.

when we say the CPI overstate inflation; it is because of:

Substitution bias (when the price of a product in the consumer basket increases substantially, consumers tend to substitute lower-priced alternatives; Therefore, it tends to overstate inflation due to a lack of accountability ) and;

Quality bias (over time, technological advances increase the life and usefulness of products).

3 0
4 years ago
A machine originally had an estimated useful life of 6 years, but after 4 complete years, it was decided that the original estim
lianna [129]

Answer:

d. 6 years

Explanation:

Depreciation is the loss of value of an asset over a period of time. The asset has a useful life period after which it is referred to as scrap.

The value of the asset after it's useful life is called the salvage value.

Useful life of an asset is estimated and deductions in its value are made till the useful life is exhausted.

In this scenario the useful life was initially taken to be 6 years.

After 4 years it was realised a mistake wasade and useful life is supposed to be 10 years

Since useful life of the asset remains contstant, the remaining years of useful life is the real estimate of useful life less years already used.

Remaining useful life = 10 - 4 = 6 years

6 0
3 years ago
As a manufacturing firm builds a plant in Bolivia, it also has to build an airstrip so that it can get the building supplies and
jok3333 [9.3K]

Answer:

The correct answer is letter "B": an underdeveloped infrastructure.

Explanation:

The worldwide market we live in today has allowed companies to <em>outsource </em>their activities to different countries in an attempt to lower production costs and avoid stiff regulations. However, there are many challenges firms have to deal with while starting businesses in foreign regions.  

Depending on the industry of the company, sometimes the firms must invest in countries with underdeveloped infrastructure. It could imply building facilities, bridges, highways or any other infrastructure that will allow the company to conduct its operations normally.

6 0
3 years ago
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