1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
egoroff_w [7]
3 years ago
12

During a management meeting, Dave, the CEO of Top Office Equipment, reminded his management team of where the company wants to g

o as an organization: "Top Office Equipment is the expert whom customers should always call regarding all their office equipment needs because Top Office strives to understand customer needs and provide the right answers for them." This statement is Top Office Equipment's __________.
Business
2 answers:
aalyn [17]3 years ago
7 0

Answer:

Vision statement

Explanation:

A vision statement is a document that clearly states the goals and objectives of an organization. A vision statement describes what an organization would aspire to achieve and it also gives a sense of purpose to the existence of the organization.

A vision statement gives a concrete way for employees to have a better understanding of the meaning and purpose of your business. It describes what an organization aspires to achieve in the long-run.

A good vision statement should be short, simple, and specific to your business objectives.

kirill115 [55]3 years ago
6 0

Answer:

Vision statement

Explanation:

A vision statement bis defined as the statement of a business's objectives, and acts as a guide when there is internal decision making to be done within the organisation.

The vision statement outlines what the organisation aims to achieve. It should be short, simple, specific, and not open to different interpretations.

Dave the CEO is reminding the employees where the company wants to go as an organisation by stating the vision statement: "Top Office Equipment is the expert whom customers should always call regarding all their office equipment needs because Top Office strives to understand customer needs and provide the right answers for them."

You might be interested in
The market analyst of a chain megastore bakery, called More Dough, asks you to find out why people are choosing to go to smaller
iren2701 [21]

Answer:

The market analyst is requesting you to perform a formal research.

Explanation:

Formal research is a research style used by researchers (and students) that uses a very formal structure in order to carry out a scientific research (or very similar type). Formal research obtains and analyzes data in a controlled and systematic manner, that tries to avoid subjective bias and focuses on objective information.

8 0
3 years ago
For a typical firm, which of the following sequences is CORRECT? All rates are after taxes, and assume that the firm operates at
Varvara68 [4.7K]

Answer:

a. re > rs > WACC > rd.

Explanation:

Re represents cost of equity

Rs represents cost of retained earnings

WACC represents Weighted average cost of capital

Rd represents cost of debt

Basically the cost of equity is highest as there is no assured return on such equity investment.

Cost of retained earnings is less than cost of equity because amount invested is already in hands of company, although belonging to equity holders, thus is higher than total weighted cost of capital.

WACC is the cost after providing weights to every source of capital it is lower then equity, higher than debt because of average.

Cost of debt is lowest because of tax benefit from it.

6 0
4 years ago
Beyond the IMS, identify and briefly describe the (exogenous) environmental factors that organizations should consider when perf
Nookie1986 [14]

Answer:

1. Environmental factors that organizations should consider are :Political, Economic, Social, Technological, Legal and Environmental factors. Example are interest rates, innovations and laws

2. Internal factors that organizations should take into account in preparing to do a SWOT analysis are strengths (S) and weaknesses (W).Examples are innovation culture, expertise and resources as well as value systems

3. Environmental factors are influencing Ford Motor Company and the rest of the automobile industry are laws (legal-environmental) , interest rates (economic), customers needs depending on geography (social)

Explanation:

The Integrated Management System (IMS) is an internal tool that the Company uses to all of its organization systems and processes into one complete framework which enables the organization to work as a single unit. It however does not tell anything about the environment in which a company operates in.

When performing an external environmental analysis, organizations should consider the PESTLE analysis which tell much about the external environment. PESTLE analysis looks into Political, Economic, Social, Technological, Legal and Environmental factors that are likely to impact an organization strategy.

The SWOT analysis provides a scan of the internal and external environment and is an important part of the strategic planning process. Environmental factors Internal to the organization are classified as strengths (S) and weaknesses (W),  and those external can be classified as opportunities (O) and threats (T).

Ford Motor Company and the rest of the automobile industry are mainly influenced by the Legal and Environmental Factors through laws set by countries to reduce carbon emissions in the fight against global warming. Other factors include the ability to innovate (Technological) and meeting the changing customer needs (Social). The profit part is always important as well in these inflationary times so they also need to set prices well (Economic).

3 0
3 years ago
Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, p
Sonbull [250]

Answer:

Sonic Inc.

a) Sales Budget:

                                      Rumble            Thunder

Total units sold              8,550                7,450

Unit sales price               $135                  $210

Sales value            $1,154,250       $1,564,500

b) Production Budget:

                                                        Rumble      Thunder

Total units sold                                    8,550          7,450

Desired inventory (units), June 30       299               56

Estimated inventory (units), June 1       260               64

Units to be produced                         8,589           7,442

Explanation:

a) Data and Calculations:

                                                           Rumble      Thunder

Total units sold                                    8,550          7,450

Desired inventory (units), June 30       299               56

Estimated inventory (units), June 1       260               64

Units Produced                                   8,589           7,442

                                              Rumble      Thunder

Expected sales volume (units):

Midwest Region                     3,650          3,200  

South Region                         4,900          4,250

Total units sold                      8,550          7,450

Unit sales price                       $135            $210

a) The Sonic Inc.'s sales budget determines the production budget.  When the quantity to be sold is obtained, then production planning can take place based on meeting customers' demand for goods or services.

b) The Production budget is a bye-product of the sales budget, though, it is critical in the whole value chain.  It is the production budget that guides production planning, including the type, design, and other features of the product.

6 0
4 years ago
The percentage change in the quantity demanded of film divided by the percentage change in the price of cameras indicates:
beks73 [17]
The percentage change in the quantity demanded of film divided by the percentage change in the price of cameras indicates:

The price elasticity of demand for film

7 0
4 years ago
Other questions:
  • In a fractional-reserve banking system, an increase in reserve requirements__________.
    11·1 answer
  • Choose the best answer. labor rate = $12 per hour hours worked = 36 overhead rate = 125% retail price of good furnished = $185 s
    15·2 answers
  • As a management consultant, lamont knows that regardless of how good his firm's product might be, the business has little chance
    12·1 answer
  • The story discussing an experiment where a bell was rung, a dog was served food, and (Pavlov's) dogs salivated illustrates:Learn
    5·1 answer
  • Eley Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's nor
    11·1 answer
  • Which of the following is NOT an end goal of BOTH quality improvement programs and continuous process improvement? Select one: a
    9·1 answer
  • Name and describe the four basic types of fees and cost a franchise owner must pay
    12·1 answer
  • Javier spends all his income on peanuts and chewing gum. The last dollar spent on peanuts yeilds 14 utils and the last dollar sp
    9·1 answer
  • How do you give brainliest?<br><br> I cant figure it out.
    6·2 answers
  • Assume the following for a company whose sales are all on account: The total asset turnover is 1.8. The average total assets is
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!