Answer:
Contingency viewpoint or approach of management
Explanation:
According to the contingency viewpoint, there is no particular standard of management. Rather, the type of management style adopted including decisions made depends on the type of situation that the organization is facing at the particular time. Nikita in this scenario is using the contingency approach since she is making decisions based on the upcoming convention.
Answer:
C. strategic planning
Explanation:
Strategic planning involves the way or process an organization adopts in determining its strategy, direction and making decisions on how to allocate resources better and implement strategy. It is also the technique which guides and controls the implementation of strategy.
Tools used for strategic planning includes.
1. Growth share matrix.
2.PEST analysis.
3.SWOT analysis.
4.Scenerio planing. etc.
Answer:
A. compete against each other in several geographic or product markets.
Explanation:
Different geographic or product markets often possess different challenges for producers to sell their product. This happen because different cultutres, climate, and social conditions tend to create different needs for the customers.
This is why business experts refers to it as 'multi-market competition'. Even though these companies sell similar product, they require different approach/strategies in order to win over different customers in these markets.
Example for this would be Pepsi and coca cola. They sell similar products world wide, not just in united states. Their competition require them to learn the cultures and customers characteristics from different countries as their target market.
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Answer:
Brand name, loyalty, awareness and attributes.
Explanation:
- The brand equity is a phrase that is used in marketing and refers to the perceived worth of the brand and has social values and a brand name and has four elements as brand awareness, brand attributes and associations, perceived quality, and brand loyalty.
- The brand equity and the loyalty of the brand helps to increase the brand awareness and brand name is associate to the awareness of the brand.
I think you are referring to the Malcolm Baldrige National Quality Award.
