Answer:
A. Dog.
Explanation:
This is simply explained to be a business unit within a company which has a much smaller share in a mature market. It does not really generate a strong cash flow for the company and it does not need a large amount of investment to keep the unit running.
This term can also be attributed to a stock which has been a marked underperformer compared to the benchmark indices for a longer period of time. Both terms used in BCG matrix for different business units.
Answer:
1. Choose a Restaurant Concept and Brand.
2. Create Your Menu.
3. Write a Restaurant Business Plan.
4. Obtain Funding.
5. Choose a Location and Lease a Commercial Space.
6. Restaurant Permits and Licenses.
7. Design Your Layout and Space.
8. Find an Equipment and Food Supplier
Answer:
a. Government should not intervene in the economy.
Explanation:
The concept of laissez-faire arose during the economic liberalism movement and promotes that the government should not intervene in the economy. According to laissez-faire, the main economic role of the government was to regulate and protect rights to private property.
Therefore, the answer is a. Government should not intervene in the economy.
Answer:
Kindly check explanation
Explanation:
Implementing plans where functional managers will be held responsible for cost overruns against their original estimate possess both advantages and disadvantages :
The advantages include:
1) Efficient use of Resources : A functional manager could be explained as the head or a person who has managerial authority over a department within a business organization. As such the functional manager will be able to monitor more effectively and take control of his unit. Holding them responsible for cost overruns will ensure that they are more cautious when it comes to resource and cost management as they will not want to be sanctioned.
11) ACCOUNTABILITY: It increases the sense of responsibility of the functional managers as they are being held fully responsible for the decisions made within their unit. This places a higher burden of showing sincerity on the managers.
The disadvantage associated with the plan is the possibility of producing low quality products resulting from the economical and cautious approach embarked upon in other to prevent cost overrun, materials used may be lesser quality than expected.
Answer: the correct answer is c. Administrative actions by the channel manager are necessary to develop channel member cooperation.
Explanation:
Channel members are those people or individuals who are involved in the buying and selling of goods and services in the market.There are three types of channel members. They are: Agents. Wholesaler. Retailer.