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Simora [160]
3 years ago
6

In​ 2007, Newmarket Inc. set as its annual production goal the manufacture of​ 125,000 units. By​June, the economy had declined

so drastically that sales were less than half what they had been one year earlier.​ Still, Newmarket management insisted that the firm produce all​ 125,000 units. It nearly went bankrupt in the process.
Which one of the following statements could have helped prevent this​ disaster?

A. Managers should develop plans that are specific then communicate those plans to all who need to know.

B. Make the organizational hierarchy flatter to effectively plan in dynamic environments.

C. It is important to continue formal planning in order to see any effect on organizational performance.

D. Managers need to recognize that planning is an ongoing process.

E. Managers need to stay alert to environmental changes that may impact the implementation of a plan and respond as needed.
Business
1 answer:
vredina [299]3 years ago
7 0

Answer:

(E) Managers need to stay alert to environmental changes that may impact the implementation of a plan and respond as needed.

Explanation:

Planning has to be dynamic and not static. Manager who are aware of the trends in an economy are suppose to, expected to adjust their plans to align with the present economic reality in other not to run into crisis.

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The correct answer is Chunking

Explanation:

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Nina, a manager, is considering reducing the workforce to cut down on costs. She realizes that this decision will have a huge im
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The correct answer is: Moral awareness.

Explanation:

Moral awareness refers to the set of actions individuals take driven by values and beliefs that drive them not to only think about themselves but also in the consequences on others. In business, companies need to consider what the impact of their actions is with their surrounding environment and their inner circle -employees.

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A medical group practice is considering offering a new service with risk that is greater than the current risk of the business.
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Stick to the regular risk and not the new one
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3 years ago
One key for sport organizations to use market segmentation effectively involves integrating the strategy with a DBM or CRM syste
Ede4ka [16]

Answer:

TRUE.

Explanation:

One key for sport organizations to use market segmentation effectively involves integrating the strategy with a DBM or CRM system to pinpoint which segments can be contacted. Both DBM and CRM systems can give an organization very valid and reliable information about their customers which then managers can use to form patterns and analyse trends and buying habits of the customers. This information can be easily used for effective targeting. Managers can easily know which segments they should target and how sales can be increased in that particular segment. What offers should be sent to that specific segment.

4 0
3 years ago
Suppose that Verizon Wireless has hired you as a consultant to determine what price it should set for calling services. Suppose
Feliz [49]

Answer:

If Verizon charges an optimal two-part price thenconsumer surplus will be zero.

Explanation:

Given a competitive market the consumer surplus will be the area of the demand curve above the market price

This is, between the intersection point with Y axis and a parallel at market price. Ofter represent as a triangle

If a monopolistic company maximize profit It will decrease this consumer surplus as much as it can to gain it from itself.

First it will set price equal to his marginal revenue.

Then, if possible it will charge two tariff a fixed component and a variable component per usage This will extrac all consumer surplus in favor of the firm leaving a consumer surplus of zero.

If Verizon charges an optimal two-part price thenconsumer surplus will be zero.

3 0
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