Answer: The retrenchment strategy
Explanation:
The retrenchment strategy is one of the type of business strategy in which the different types of organizations are adopted this strategy for the purpose of minimizing the business operations so that the company become more financial stable.
The retrenchment strategy helps in increase the beneficial factors by selling various types of products and the services in the market.
According to the given scenario, the retrenchment strategy is basically used by the Serrano for the purpose of overcome from all the losses due to the fire mishap in the company.
Therefore, The retrenchment strategy is the correct answer.
Answer:
D. The additional labor required to run the new equipment
Explanation:
Analysis of each option :-
A) It is irrelevant as it was fixed cost or sunk cost incurred at the time of purchase.
B) Cost of raw materials is common in both the machines, as the criteria for replacement is time factor
C) Accumulative repairs cost for the current machinery over year was sunk cost or fixed cost and it is Irrelevant.
D) Additional labor required to run the new equipment is - Relevant as it was the present issue of producing in quick time than using older equipment with a replacement of current equipment.
So answer is Option D)
Answer:
Inside directors may be members of the firm and outside directors are supposed to be elected from outside the firm.
Explanation:
A board of directors in most corporations consists of inside directors and outside directors. Inside directors are usually the members of the firm and have direct access to the company's operating. CEO, CFO and CIO are typical examples of inside directors. On the other hand, outside directors are not employees of the firm, nor stakeholders. They have unbiased opinions in board meetings.
The answer is A factory produces blue and green widgets at equal
<span>This will most likely drive down the price of that crop. Price is a function of demand and supply, if a bumper crop leads to much more supply with little change on the demand side, the price of the supply will have to reduce for the market to clear.</span>