Diversification strategy is American tile corp. using when it acquires a company that makes industrial cleaning products that American tile does not currently offer.
When businesses want to expand, they use a diversification approach. In order to boost revenues, it is a practice to add a new product to your supply chain. These goods may represent a new subset of the market that your organization already serves, a strategy known as business-level diversification.
One of the four growth techniques popularized by Igor Ansoff is diversification. One of these growth techniques is more likely to work for your firm than the others, depending on the sector, size, and ambition of your business. As follows:
Product Development
Penetration
Market Diversification and
Development
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Answer: E. luxury; necessity
Explanation:
Income elasticity of demand is a measure of how the demand for a good or service change when people's income changes. It the ratio of the percentage change in quantity demanded to the percentage change in income.
Answer:
At the end of the sixth year, you will have:
= $8,487.17.
Explanation:
a) Data and Calculations:
Annual savings = $1,000
Interest rate per year = 10%
Period of savings = 6 years
First deposit = today
From an online financial calculator:
N (# of periods) 6
I/Y (Interest per year) 10
PV (Present Value) 0
PMT (Periodic Payment) 1000
Results
FV = $8,487.17
Sum of all periodic payments $6,000.00
Total Interest $2,487.17
Controlling is the the management process of evaluating the results of business operations against the plan and making adjustments to keep the company pressing toward its goals.
<h3>What does control mean in business?</h3>
This is the term that is used to refer to all of the activities that would make the company achieve its goals.
It helps to ensure that the business stays on the path of growth and achievement.
The process of control has to do with the following
- Setting of goals
- Measuring performance
- Comparing performance
- Taking corrective actions
- Setting future standards
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Answer:And?????? Just sounds like he’s a good man.
Explanation:
