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4 years ago

Why you believe it is important to align it with the organization's core goals and strategic direction?

Business

1 answer:

OverLord2011 [107]4 years ago

4 0

Answer:

Managers must ensure that their individual goals and work - as well as that of their direct reports - is in line with the overarching strategy. Then, you can ensure that your people are driving progress daily. Proper strategic alignment ensures the work of your best talent is being effectively and efficiently utilized

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The Kwok Company’s inventory balance on December 31, 2021, was $215,000 (based on a 12/31/2021 physical count) before considerin

Eduardwww [97]

Answer:

$274,000

Explanation:

As per the data given in the question,

Particulars Amount

Inventory balance before considering following items $215,000

Adjustments:

1) According to FOB destination, ownership passes to buyer at receipt of goods $-

2) According to FOB shipping point, ownership passes to buyer at the point of shipment $27,000

3) According to FOB destination, ownership passes to buyer at receipt of goods

$32,000

4) As goods received before period close, no adjustment is required $-

5) According to FOB shipment, ownership passes to buyer at receipt of shipment $-

Correct inventory amount to be reported in Kwok's 2021 balance sheet

= ( $215,000 + $27,000 + $32,000) = $274,000

8 0

3 years ago

A business initially sells their product to customers for $50. They find that many people are buying their product so they rise

pav-90 [236]

Answer: It will reduce in demand

Explanation: If you raise a price customers are less likely to buy it when it’s at a higher price

8 0

3 years ago

In a competitive market with identical firms, A. firms cannot earn positive economic profit in either the short run or long run.

Ksenya-84 [330]

Answer:

The answer is C.

Explanation:

In a competitive market, all firms produce identical goods and services. No firm or seller can influence the prevailing market price. To increase their revenue, firms must increase their outputs.

In this industry, firms make economic profit(revenue minus accounting cost minus implicit cost) in the short run but this economic profit reduces to zero in the long run because more firms that are attracted by the short run profit can enter the industry freely. Firms can also exit with little or no cost.

4 0

3 years ago

Under which market structure does the action of one firm have a spillover effect on the decisions of other firms?

irina [24]

I believe the answer is: Monopoly

In monopoly, the power to determine the price of a certain type of product fall to the hands of a single company. Which means, every single actions that made by this company would force other firms to conform since they do not possess enough resources to challenge this controlling company.

5 0

3 years ago

Cosmeticon, a U.S.-based firm, has recently started exporting cosmetics to India. Cosmeticon has introduced a new range of miner

NikAS [45]

Answer:

Price skimming.

Explanation:

Price skimming is a pricing strategy in which an organization gradually lowers it's selling price after initially charging it's customers a high price in order to attract more price-sensitive customers. It is mostly used by a first-mover who faces lesser competition in business.

In this scenario, Cosmeticon had no competitors in that segment of the Indian cosmetics market, so it set a very high price for its products in order to reach the premium, price-insensitive segment of the market.

6 0

3 years ago

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