Budgets that are revised by adding a new quarterly budget to replace the quarter that has just elapsed are called rolling budgets.
<h3 /><h3>What is rolling budget?</h3>
It corresponds to a more flexible and adaptable type of budget, generally used for companies whose business can be more volatile.
It is used continuously and extended, being updated during the period for the addition of new variables in the existing model. This being valid for use in the future budget.
Any type of budget is a necessary tool for organizations to be able to plan the use of their resources in a structured way that is consistent with their needs and objectives.
Therefore, a continuous or rolling budget helps companies adapt to trends, risks and characteristics of a dynamic market that is constantly changing.
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The type of information the marketing manager needs to monitor to judge the plan's successful implementation and strategic effectiveness are profits, customer relations, sales information, and competitor reactions.
A marketing strategy is one whose objective is to position the company in relation to competitors, through the creation of value that will help attract and retain consumers.
There are several tools that can help shape an organization's marketing strategy, such as:
- The 5 P's of marketing.
- SWOT Analysis.
- CRM.
Therefore, the manager must monitor profits, company-customer relationships, sales, and competitor reaction to judge the success of a marketing plan, which should generate value and market leadership for an organization.
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The answer is<u> "depositors".</u>
An individual who is making a deposit with the bank is known as a depositor. The depositor is the moneylender of the cash which will be come back to him/her toward the finish of the store time frame.
A depositor (you) places cash in a banks vault, at that point the bank putts enthusiasm on it, and can utilize it in the event that it needs to. Up to a specific measure of it remains in the bank on the off chance that you need to come and withdraw.
Answer:
Identify the sequence of tasks that take the longest to complete
Explanation:
Program Evaluation and Review Technique (PERT) is a project management tool that is used to manage potential contingencies in the process of executing a project. It is used to schedule ,organize and coordinate tasks in a project.
Determining the critical path on a PERT network lists out the time required for different tasks to be completed and as a result , the sequence of tasks that require the longest time are identified.
Answer:
A. Machine
Explanation:
There are various categorisations of entrepreneurs based on their characters, abilities and strategies among others. However,the founder institute developed a new categorisation for entrepreneurs by testing about 30,000 entrepreneurs including known names like Steve Jobs and Elon Musk and categorising them based on their priorities and qualities into the following: Hustler, Prodigy, Visionary, Innovator, Strategist and Machine.
Machine Category: This represents entrepreneurs who maintain a high level of focus getting things done. They simply focus on the task ahead of them and get them done. They are very concerned about efficiency and effective delivery of their tasks. Lin simply became very good at what she was doing by being dedicated to the tasks ahead of her.
Other Categories
Hustlers- they can sell anything and get into the promotion and sales of all manner of products and services
Prodigy - The excel in business with innate business instinct and sense, their strong intellects and social skills ensures their success
Visionary - Combines innovation with enthusiasm and is capable of carrying the masses along in these innovations as a result of the energy committed
Innovator- Always looking forward to improving on old ideas and find new ways of doing things. They are challenged by change
Strategist- Always looking at how to achieve long term goals, very tactical and calculating.
