A mission statement is a short statement of an organization's purpose, identifying the scope of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation.[1][2] It may include a short statement of such fundamental matters as the organization's values or philosophies, a business's main competitive advantages, or a desired future state—the "vision".[1][3]
A mission is not simply a description of an organization by an external party, but an expression, made by its leaders, of their desires and intent for the organization. The purpose of a mission statement is to focus and direct the organization itself. It communicates primarily to the people who make up the organization—its members or employees—giving them a shared understanding of the organization's intended direction. Organizations normally do not change their mission statements over time, since they define their continuous, ongoing purpose and focus.<span>[4]</span>
Answer: C. Jill should focus on the business market and license the natural gas rights.
Explanation:
Option C is indeed the right answer. Focusing on the Business Market will get her a better deal because larger companies will be involved.
It would be very advantageous to license the rights as there will be various bids for the license with the largest bid getting it and only for a period of time.
Going with this option can get Jill a better deal all round.
Answer:1/2 of an answer is zero
Explain:i dont know how i got it. other people can help you if you get it wrong
Answer:
a. Division margin:
= Net operating income / Total sales
= 2,835,342 / 23,826,400
= 11.9%
b. Division turnover:
= Sales / Total assets
= 23,826,400 / 9,164,000
= 2.6 times
c. Division ROI:
= Net operating income / Total assets
= 2,835,342 / 9,164,000
= 30.94%
Answer:
The idea that a higher price means the buying power of income has been reduced.
Explanation:
The income effect is defined as the change in consumption of goods of services after a change of income. If income grows, it is expected that the consumption of goods and services will also grow (this can be measured by the marginal propensity to consume), and viceversa.
If prices rise, the buying power of income will be reduced even if income has grown. If prices rises even more than income, the buying effect of income will fall even more. This two statements can be both explained by the income effect concept.
