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3 years ago

Deals with the challenges that a company faces in the ever-changing business environment

Business

1 answer:

Luden [163]3 years ago

6 0

Answer:

Strategy.

Explanation:

Strategy can be defined as a coordinated deployment of a firm’s resources to achieve competitive advantage in the industry where it operates. Basically, it is a long-term plan of action that is focused on using a firm's available resources to achieve set objectives and goals such as includes dominating the market, expanding the business, meeting customer's demands etc.

Generally, the top executive management is saddled with the responsibility of ensuring that their business strategy is in tandem with the aim, objectives, vision and mission statement. A good business strategy is a continuous process that should function as a roadmap or guide to achieve competitive advantage, sustained profitability, growth and development of an organization.

<em>Hence, strategy deals with the challenges that a company faces in the ever-changing business environment. </em>

Additionally, the strategy formulated by an organization can be classified into the following categories; growth strategy, marketing strategy, product strategy etc.

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Harry Smith has just received the monthly bank statement at September 30 from City National Bank, and the statement shows an end

Elan Coil [88]

Answer:

Harry's "true" cash balance= $1726

Explanation:

Harry Smith Bank reconciliation for 30 September is recorded as follows

BANK:

Balance as at September 30...................................................$545

Add: Deposit in transit .....................................................................$1790

Total ........................................................................................$2335

Less: outstanding checks .............................................................$609

Total adjusted bank balance ........... ...............................................$1726

BOOKS:

Balance as at September 30 ................................................................$1823

Add: EFT rent Collection ...................................................................$325

Total ..................................................................................................... $2184

Less:

Service charge ............................................................................................ $8

Printed check charges .................................................................... .............$10

NSF checks .................................................................................................. $125

Book error correction ( recorded a $310 check as $31 .............................. $279

Total ...................... ...................... ...................... ...................... ......................$422

Now Adjusted book balance = total in Add - total in less = $2184 - $422 =$1726

Harry's "true" cash balance= $1726

8 0

3 years ago

Read 2 more answers

A perfectly competitive industry exists under which of the following conditions? I. The product sold is similar across firms. II

Oksanka [162]

Answer:

I, II, and IV only

Explanation:

A perfect competition is defined by an idealizing market and shows that the market will reach equilibrium.

The prevalence of the perfect competition needs a larger number of buyers and sellers, well defined property rights and homogenous products, profits maximization, rational buyers and no barriers to entry and exit.

<u>An example of the agricultural markets as perfect competition, as there are numerous farmers that sell the same vegetables and fruits and have same prices. Another example is that of the foreign exchange markets was the trader's exchange currencies and sell identical goods.</u>

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3 years ago

Intel, an American company, has manufacturing plants in China that assemble U.S. made components. Suppose one of these plants pr

Evgen [1.6K]

Answer:

Answer A

Explanation:

Import: when a country does not produce particular goods by itself, they buy goods from other country, Goods purchased from other country called imported goods

Export: when a country produces more goods than their needs, then these countries sell particular goods to other countries. goods sold to other countries called export goods.

when a goods is called import for a country, the same goods is called export for another country.

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3 years ago

__________ is the value or want-satisfying ability that is added to products by organizations that make the product more useful

stiv31 [10]

Answer:

Utility

Explanation:

Utility is the value or want-satisfying ability that is added to products by organizations that make the product more useful or accessible to consumers.

Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. Economic theories based on rational choice usually assume that consumers will strive to maximize their utility. The economic utility of a good or service is important to understand, because it directly influences the demand, and therefore price, of that good or service. In practice, a consumer's utility is impossible to measure and quantify. However, some economists believe that they can indirectly estimate what is the utility for an economic good or service by employing various models.

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3 years ago

Which stage of activity in logistics involves waste disposal and recycling?

ZanzabumX [31]

The stage of activity in logistic wherein it involves waste disposal and recycling is when firms and companies always do ensure that in their program the engagement and participation of their people is active. All employees must be aware and become knowledgeable as to what is required for them to attain success in their environmental program.

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