Answer:
Strategic level
Explanation:
Bill is at the strategic level of the organisational pyramid. He is responsible for allocating the resource of the organisation and taking decisions on behalf of the owners. Bill is at the strategic level because he is also required to make a strategic decision and goals for the company. The strategic level of management is one of the important parts of any organisation, as the strategic performance of the company relies heavily on strategic management.
Answer:
True
Explanation:
The post completion audit (PCA) is the collection of actual information relating to the actual outcome of a capital investment project on completion and comparing same side by side with the estimated numbers used for the project at inception. This will assist management in confirming the correctness or near correctness of the assumptions upon which the project estimates were based. The result of the post audit exercise will help in future projects.
formal process that checks the outcomes of individual investment projects after the initial investment is completed and the project is operational.1 PCA is one formal control system that is a part of the company’s total management control system for effective delivery of projects in future.
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When trying to forecast demand for a new product, an ideal situation would be one where an existing product or a generic product could be used as a model.
<h3 /><h3>What is demand forecasting?</h3>
Corresponds to the realization of a market estimate, which gives the organization greater subsidies for decision making, based on a future forecast model based on a previous period.
Therefore, demand forecasting helps an organization to identify market characteristics and its potential audience and relate them to demand for a period, increasing its ability to make the right decisions that will generate profitability.
Find out more about demand forecasting here:
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Answer:
lower
Explanation:
A natural monopoly appears when there are high entry costs like large infrastructure costs or economies of scale where a company can provide the products at a lower costs than others which provides a big advantage to the firm in the market and makes it difficult for any potential competitor to be able to compete. According to that, the answer is that a natural monopoly exists when a single seller experiences lower average total costs than any potential competitor as this represents a barrier for the competitor to be able to enter the market.
Answer:
Small businesses usually deal with known and established products and services, while entrepreneurial ventures focus on new, innovative offerings. Because of this, small business owners tend to deal with known risks and entrepreneurs face unknown risks.