When conducting a swot analysis, managers can identify opportunities and threats by analyzing the external marketing environment.
Examining a company's industry environment through external analysis entails taking into account elements like competitive structure, competitive position, dynamics, and history. The process by which businesses unbiasedly evaluate the changes made to their industry and the larger world that could affect their current business operations is known as an external analysis, also known as environmental analysis. Companies take these steps to make sure they can adjust to changes and remain successful in their industry. Macroeconomic, international, political, social, demographic, and technological analysis are all examples of external analysis. The phrase "marketing environmental analysis" describes a strategic analysis tool that aids in locating internal and external environmental factors that have an impact on an organization's capacity to function effectively.
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Answer:
D. No legal barriers prevent a firm from entering an industry
Explanation:
Free entry means no legal barriers prevent a firm from entering an industry. Free entry offers very attractive business opportunity to the firms which want to start their business. Entrepreneurs are also facilitated with the help of free entry, they can easily start their new startups because there will be no legal barriers which can create hurdles or stops them in doing so. It is one of the basic requirements and first step if any government wants to increase SMEs and trading opportunities in their country. People feel relaxed and easy when they see free entry in their country.
Four perspectives are integrated to form the balanced scorecard framework. the financial perspective focuses on the view of the firm by the customer.
The four perspectives of the Balanced Scorecard are Learning and Growth, Business Process, Customer Perspective, and Financial. These four areas, also called legs, form the company's vision and strategy.
A strategy-based performance management system that typically identifies goals and actions from four different perspectives: financial perspective, customer perspective, process perspective, and learning and financial perspective.
The Balanced Scorecard helps you strategically manage your organization. The Balanced Scorecard is based on four perspectives including financial, business process, customer, and organizational capabilities. This allows companies to discover their shortcomings and develop strategies to overcome them.
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Answer:
The liaison role
Explanation:
From the question we are informed about Corey, the chief financial officer of Maurectric Inc., who is an electronics company, is also an investor in the stockmarket. As the shareholder of various other companies, he attends the Annual General Meetings of thosecompanies. This helps him study the financials and financial strategies followed by other companies in the sameindustry. In the context of managerial roles,in this case, the roles does Corey illustrate in this scenario is
liaison role.
A liaison role can be regarded as role that is been played by person for liaison in between two firms or two particular organizations so that he/she can communicate as well as coordinating their activities through his/her service as as an official go-between carrying out this role to senior officials of both organizations.. liaison officer should always attends the organization key meetings.
The calculation to determine the dollar amount of the markup per unit: Total cost per unit times markup percentage per unit.
Total cost, in economics, is the sum of all costs incurred by a company in generating a certain stage of output. Knowledge of the full fee involved in producing their output lets a business have better knowledge of their profitability and efficiency. This may allow an organization to determine whether or not they want to reevaluate their pricing approach, reduce expenses or take different steps to grow their profitability.
Markup percentage is a percent markup over the cost fee to get the promoting price and is calculated as a ratio of gross income to the price of the unit. The amount of markup allowed to the store determines the money he makes from promoting each unit of the product. Better the markup, extra the price to the purchaser, and extra the cash the store makes.
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