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REY [17]
3 years ago
15

The first component of the strategic management process is: a. deciding on a fit between the organization's strengths and weakne

sses and the environment's opportunities and threats. b. determining the firm's employee turnover rate. c. crafting the organization’s mission statement. d. analyzing the macroenvironment. e. coming up with a damage control plan.
Business
1 answer:
jeka57 [31]3 years ago
8 0

Answer:

The correct answer is  C. crafting the organization’s mission statement.

Explanation:

What is strategic management?

strategic management involves developing  a plan of action designed to achieve a long-term or overall aim. It is the process of developing  strategic vision, setting out goals and  objectives, formulating and implementing plan of actions and introducing corrective measures for the deviations to achive organisation planned goals.

The first stage of a strategic management is defining of strategic intent of the organisation and the strategic intents include :establishing vision,  designing mission , setting objectives that will serve as a guide toward the achievement of the organisation stated objectives.

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Bill and Mike go in together to purchase 342 acres of land to use for hunting and family vacations. Ten years later, Bill dies a
romanna [79]

Answer:

Joint Tenancy

Explanation:

Joint tenancy represents a legal contractual arrangement that involves two or more people who have agreed to own a single property sharing both obligations and rights equally.

The terms of join tenancy is such that no one whether the partner or an inheritor of will is able to sell the property in future without the consent of other partners. Secondly, when a partner dies joint tenancy does not transfer assets to heirs instead it is vested in the surviving partner.

It becomes that Bill did not name his wife as his beneficiary, hence Mike inherits the entire 342 acres of land after Bill's death.

4 0
3 years ago
kendra always buys and uses wilson brand tennis balls. if she finds a penn or dunlop ball on the court, she gives it away. brand
Dmitry [639]

Considering the situation above, by building a strong brand, Wilson has effectively "<u>reduced the price elasticity of demand for its products</u>."

This is because the price elasticity of demand is a term in economics that defines the sensitivity of the quantity demanded of a commodity to its price.

Usually, the price elasticity of demand shows that when the price of a commodity increase, the quantity demanded decreases.

Thus, in this case, since it is said that Kendra allowed Wilson to charge a higher price and not lose many sales, therefore, Wilson has been able to reduce the price elasticity of demand for its products.

Learn more here: brainly.com/question/15654343

4 0
2 years ago
Economists tend to see ticket scalping asA. an unproductive activity which should be made illegal everywhere.B. a way for a few
arlik [135]

Answer:

<h2>C. A way of increasing the efficiency of ticket distribution </h2>

Explanation:

Ticket Scalpers are the ticket speculators who buy the tickets to a sport or performance event and resells them at higher prices. Lassiez-faire economists consider it to be a good thing. the correct value of the ticker is decided by the market but the Scalpers are flexible in pricing than the venue, they may also bear a loss while still guaranteeing the full value that venue gets. But the problem with the scalping is the at the value goes to the <u><em>agents</em></u> instead of the venue that is providing the product.

7 0
3 years ago
What is a benefit of investing
Lena [83]

Answer:

For example if you add 500 dollars to your bank account this year by next year it’s gonna become $1000.so that means when you invest more you get the double of what you invested in a particular period of time.

5 0
3 years ago
Name three types of insurance.​
Blababa [14]
Property, liability, and life.
3 0
3 years ago
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