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siniylev [52]
3 years ago
11

In the context of stragetic planning the streagtic goals of an orgainzation represent concrete benchmarks that managers can use

to measure perfromance in each key.a) trueb) false
Business
1 answer:
Marta_Voda [28]3 years ago
7 0

Answer:

a. True

Explanation:

For accomplishing the company objective, the planning plays a major role without planning the goals of the company could not able to achieve.

Also to measure the performance for each key, the benchmarks is also plays a vital role as it defines the difference between the standard performance and the actual performance

Hence, the given statement is true

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A company produces​ 1,000 packages of cat food per month. The sales price is​ $4.00 per pack. Variable cost is​ $1.60 per​ unit,
spin [16.1K]

Answer:

B.  Operating income will increase by​ $3,620 per month.

Explanation:

In this question, we have to compare the operating income between current and expected proposal which is shown below:

We know that,

Operating income = Sales - variable cost - fixed cost

where,

Sales = Selling price per unit × Number of units produced per month

         = $4 × 1,000

         = $4,000

Variable cost = Variable cost per unit  × Number of units produced per month

                      = $1.60 × 1,000

                      = $1,600

And, the fixed cost is $1,800

Now put these values to the above formula

So, the value would be equal to

= $4,000 - $1,600 - $1,800

= $600

Now for expected proposal

Operating income = Sales - variable cost - fixed cost

where,

Sales = Selling price per unit × Number of units produced per month

         = $8 × 1,000

         = $8,000

Variable cost = Variable cost per unit  × Number of units produced per month

                      = $1.80 × 1,000

                      = $1,800

And, the fixed cost is $1,800 + $180 = $1,980

Now put these values to the above formula

So, the value would be equal to

= $8,000 - $1,800 - $1,980

= $4,220

The difference would be

= $4,220 - $600

= $3,620

4 0
3 years ago
During the current year, merchandise is sold for $137,500 cash and $425,600 on account. the cost of the merchandise sold is $322
LenKa [72]

The gross sales margin equals 42.76%

The formula to calculate the Gross Sales Margin is (Revenue - Cost of Goods Sold) / Revenue

Revenue = $137,500 + $425,600 = $563,100

($563,100 - 322,325) / 563,100 =

240,775 / 563,100 = 42.76%

4 0
3 years ago
If Huy Fong were to introduce a new milder version of its renowned Sriracha hot chili sauce to satisfy customers who think the c
Bess [88]

Answer:

a. product differentiation

Explanation:

Product differentiation is the process whereby a product or service is distinguished from others. This is to make it more attractive to a particular segment of the market which is quite different from the general market.

For Huy Fong trying to introducing a new milder version of its renowned Sriracha hot chili, it would represent product differentiation.

8 0
3 years ago
What is the substitution effect? A. All goods have a substitute, and the rise in price for substitutes causes a rise in supply f
bekas [8.4K]

Answer:

C. is correct

Explanation:

When the price of one good rises, the demand for substitutes for that good rises, and vice versa

4 0
3 years ago
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Consumption consists of spending by households on goods and services, with the exception of
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Consumption consists of spending by households on goods and services, with the exception of purchases of new housing
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