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sashaice [31]
3 years ago
10

g The difference between the concept of a company mission statement and the concept of a strategic vision is that a mission stat

ement deals with what to accomplish on behalf of shareholders, while a strategic vision concerns what to accomplish on behalf of customers. a mission statement typically concerns a company's purpose and its present business scope, whereas the principal concern of a strategic vision is a company's aspirations for its future. a mission concerns what to do to achieve short-term objectives, while a strategic vision concerns what to do to achieve long-term performance targets. a mission statement deals with "where we are headed," whereas a strategic vision provides the critical answer to "how will we get there?" a mission statement focuses on the methods needed to make a profit, whereas a strategic vision concerns what business model to employ in striving to make a profit.
Business
1 answer:
coldgirl [10]3 years ago
6 0

Answer:

The correct answer is: a mission statement typically concerns a company's purpose and its present business scope, whereas the principal concern of a strategic vision is a company's aspirations for its future.

Explanation:

A mission statement concerns what a company does. What will you offer to the consumers, what the company is going to dedicate its life to. A vision is a statement about the future. It is the end of the path where the organization os going.

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Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2
Amiraneli [1.4K]

Answer:

Predetermined manufacturing overhead rate= $42 per direct labor hour

Explanation:

Giving the following information:

Estimated manufacturing overhead= $924,000

Estimated direct labor hours= 22,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 924,000/22,000

Predetermined manufacturing overhead rate= $42 per direct labor hour

4 0
3 years ago
A toy manufacturer has excellent sales figures for its toys in country P but inadequate figures in the neighboring country R. In
cluponka [151]

Answer: Analogy

Explanation:

The method of forecasting that this example illustrate is analogy. Forecast by analogy refers to the forecasting method which simply assumes that two different kinds of situations have identical models and therefore share the same model of behaviour.

This can be infered from the situations that once the per capita GDP is known for the country, the per capita demand for the toys can be estimated.

6 0
3 years ago
Which type of economy lacks efficiency?
DENIUS [597]

A command economy is one in which a centralized government controls the means of production. The government determines what is produced, how it is produced and how it is distributed. Private enterprise does not exist in a command economy. The government employs all workers and unilaterally determines their wages and job duties. There are advantages and disadvantages of command economy structures. Command economy advantages include low levels of inequality and unemployment and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.

Because the government controls the means of production in a command economy, it determines who works where and for how much pay. This power structure contrasts sharply with a free market economy, in which private companies control the means of production and hire workers based on business needs, paying them wages set by invisible market forces. In a free market economy, the law of supply and demand dictates that workers who have unique skills in high-demand fields receive high wages for their services, while low-skill individuals in fields that are saturated with workers settle for meager wages, if they can find work at all.

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Read more: What are the advantages and disadvantages of a command economy? | Investopedia http://www.investopedia.com/ask/answers/032515/what-are-advantages-and-disadvantages-command-economy... 
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3 0
2 years ago
Read 2 more answers
Solve the questions to the case study attached below
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Explanation:

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8 0
3 years ago
The main determinant of elasticity of supply is the Multiple Choice number of uses for the product. number of close substitutes
Fed [463]

The main determinant of the Elasticity of Supply is the availability of close substitutes.

The Elasticity of Supply means the relationship between a commodity and its price. It measures how the company increases or decreases its production based on its change in price.

The major determinant of the Elasticity of Supply is:

1. Nature of the Goods - It takes into account the factor of production, which can easily get transferred.

2. The definition of the commodity-  The narrower the definition the greater the supply of elasticity.

3. Time- It works more in long run than in the short run.

4. Cost of attracting goods- If the related goods are cheaply available, the elasticity of supply is more.

5. Level of Price- It is inversely proportional to the elasticity of supply.

Learn more about Elasticity of Supply here: https://brainly.in/question/6581899?msp_srt_exp=6

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8 0
2 years ago
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