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Vinil7 [7]
3 years ago
11

Managers for an organic grocery chain were deciding whether to open a new store in a neighborhood currently unserved by any comp

etitors. One manager felt that the lack of competitive presence was an opportunity to capture the newest customers. Another manager viewed the lack of a competitor in the area as an indicator that the local community may not be interested in organic products. This difference in perspective illustrates the concept of_____________.
Business
2 answers:
dem82 [27]3 years ago
8 0

Answer:

Managers for an organic grocery chain were deciding whether to open a new store in a neighborhood currently unserved by any competitors. One manager felt that the lack of competitive presence was an opportunity to capture the newest customers. Another manager viewed the lack of a competitor in the area as an indicator that the local community may not be interested in organic products. This difference in perspective illustrates the concept of Management.

Explanation:

The art of getting things done through others in an orderly and effective manner is referred to as management. It is the process of getting things done through others with the help of some basic activities like planning, organizing,directing, coordinating and controlling.

Managers were proposing different ideas on how to achieve a goal, which is to decide whether to open a new store in a neighborhood currently unserved by any competitors, thus, the difference in their perspective illustrates the concept of Management.

Stels [109]3 years ago
8 0

Answer: ambiguity

Explanation: The concept of ambiguity helps explain the difference in perspective between the managers. The concept of ambiguity when applied to persons describes situations of uncertainty. The managers faced with ambiguity are hesitant in opening a new organic store. This is as a result of the uncertainties posed by the absence of competitors in the area which could also be seen as an opportunity to capture new customers.

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The market value of the equity of Thompson, Inc., is $586,000. The balance sheet shows $25,000 in cash and $196,000 in debt, whi
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2,46

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The ratio of EV/EBITDA is used to compare the entire value of a business with the amount of EBITDA it earns on an annual basis.  This ratio tells investors how many times EBITDA they have to pay, were they to acquire the entire business.

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