1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zzz [600]
3 years ago
10

"Markets are not always perfectly competitive and some firms consistently outperform industry averages. This suggests that firm

performance is also influenced by the presence of bright, motivated managers and their keen sense of innovative products or processes"
Business
1 answer:
Mekhanik [1.2K]3 years ago
3 0

Answer:

Effectiveness, Efficiency in management to achieve organisation goals/ objectives - survival, profit & growth : can make some firms consistently outperform industry averages

Explanation:

Effective & Efficient Management , keen to make organisation achieve its short term & long term goals : can make firm(s) outperform industry average.

Management is the art of getting things done with the aim of achieving organisation goals/ objectives . Organisational objective include : Survival , Profit (market standing) & Growth (innovation) . Effectiveness (getting things done on time) & efficiency (getting best output out of least input) are core aspects of organisation goals achievement.

Good management is very crucial to an organisation's successful performance.  It can make organisation achieve right targets at the right time in the right manner. This correct coordination of activities, time & manner can make an organisation realise its potential to the fullest & outshine in its industry.

You might be interested in
Airlines that offer lower fares on seats shortly before a flight's departure date to fill empty seats are utilizing---------- wh
Gelneren [198K]

Airlines that offer lower fares on seats shortly before a flight's departure date to fill empty seats are utilizing dynamic strategy which is a form of dynamic pricing. Real-time pricing, often known as dynamic pricing, is a highly adaptable method of determining a product's or service's price.

Dynamic pricing aims to enable businesses who offer products or services online to quickly modify prices in response to consumer demand. A pricing approach called "dynamic pricing" substitutes variable prices for fixed ones.

The fundamental tenet of the dynamic pricing model is to provide the same product to various customer segments at various costs. According to the number of individuals interested in particular products, dynamic pricing is a means to reflect changes and boost revenue .

To learn more about Dynamic pricing , click here

brainly.com/question/6481084

#SPJ4

8 0
1 year ago
Television has had a positive impact on the growth of commercial sports because it
mel-nik [20]
Television has contributed a positive impact and has been proven effective in helping with the increase of commercial sports because it acts as a tool for recruiting new spectators as well as fans. Furthermore, the globalization<span> of commercial sports can also be attributed to the fact that sports organizations are interested in </span>expanding<span> their markets.</span><span> </span>
7 0
3 years ago
Kin based societies, headed by hereditary leaders or priests with the powers such as ceremonial and labor organization, land use
ollegr [7]

Answer:

Chiefdoms

Explanation:

Kin based societies, headed by hereditary leaders or priests with the powers such as ceremonial and labor organization, land use supervision, and resource distribution are known as Chiefdoms

Chiefdoms are forms of hereditary political organization that is usually based on kinship, in which power is left in the hands of the most senior members of the royal family or selected ruling families. They also exercise economic powers of resource distribution.

3 0
3 years ago
Once a business has sold a service, it no longer needs to be concerned with customer satisfaction. True False
kobusy [5.1K]

Answer:

False

Explanation:

' Once a business has sold a service, it no longer needs to be concerned with customer satisfaction' is a False statement.

Customers are the pillars on which every business stands & their satisfaction should be a supreme priority for a business.

There is need of 'After Sale Services' after selling a service. This is important to ensure customer's expectations from the product are met, & they are satisfied with the business' services.

After sale services make customers feel valued. This generates customer retention, customers' loyalty towards business. Such customers are also likely to do word marketing & build a business' reputation in front of other customers.

4 0
3 years ago
The opportunity cost of attending college is likely to be highest for a high school graduate _______A. who can immediately take
podryga [215]

Answer:

who can immediately take over the family business.

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

For a student who chooses to go to college, his opportunity cost is the opportunity of running the family business he forgoed when he decided to go to college.

I hope my answer helps you

6 0
3 years ago
Other questions:
  • What is a major internal concern that could affect the incorporation of social media int?
    5·1 answer
  • What are the two most important variables for determining resource allocation?
    5·1 answer
  • In the _____ era, many companies adopted the philosophy that consumer satisfaction should be the central focus of the entire org
    13·1 answer
  • Sporting goods charges .85 percent interest per month. what rate of interest are its credit customers actually paying?
    14·1 answer
  • Risks of fixed costs of a business are more for an alliance than an independent firm.
    13·1 answer
  • Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should
    7·1 answer
  • Chao sells custom bicycles. He buys several bike parts including wheels and tires from Upright Strides, Inc. Although several go
    10·1 answer
  • At the beginning of the accounting period, Nutrition Incorporated estimated that total fixed overhead cost would be $50,600 and
    12·1 answer
  • TRUE or FALSE. There are two means for achieving financial goals—you either need to increase your savings or reduce spending.
    9·2 answers
  • Troy filed a good faith complaint of discriminatory harassment against his supervisor, Cynthia. One day after receiving notice o
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!