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3 years ago

Strategy formulation is the process of:

Business

1 answer:

AlladinOne [14]3 years ago

8 0

Answer:

The correct answer is letter "B": choosing among different strategies and altering them to best fit the organization's needs.

Explanation:

Strategy formulation implies setting different plans of how to accomplish corporate goals including all the resources necessary to reach the firm's achievements and selecting one of them as the most suitable for the organization by which profits can be maximized. The strategy formulation process involves:

Establishing goals
Evaluating the company's environment
Setting measurable targets
Aligning unit and corporate plans
Performance analysis
Selecting the best strategy

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Answer:

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Gabbe Industries is a division of a major corporation. Last year the division had total sales of $32,948,550, net operating inco

Leona [35]

Answer:

a. Division's margin = Net operating income / Total sales

Division's margin = $4,069,146 / $32,948,550

Division's margin = 0.1235000

Division's margin = 12.35%

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Division's turnover = 3.65 times

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Division's return on investment = 12.35% * 3.65 times

Division's return on investment = 45.08%

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