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Reil [10]
3 years ago
6

When managing processes, it is vital that:

Business
1 answer:
LekaFEV [45]3 years ago
8 0

Answer:

c. attention is paid to competitive priorities and strategic fit.

Explanation:

Managing process is the top level activity it involves various activity and decisions for the growth of an organization. It clearly states that the company shall grow, what are the goals, what are the objectives and what are the strategies.

This clearly reflects that management's main concern is to strategic performance, and how does it create a space in the market share, as gaining from competitive advantage.

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Bond Company uses a plantwide overhead rate with direct labor hours as the allocation base. Use the following information to sol
Georgia [21]

Answer:

B. 6.2 DLH per unit of G2

Explanation:

Total cost per unit of G2:

$20 = DM + DL + OH

$20 = $7 + $3.60 + X

$20= $10.6

$20- $10.6

= $9.4

X = $9.4 overhead per unit of G2

Therefore the Plantwide overhead rate is:

$795,000/530,000 DLH = $1.5 per DLH

DLH per unit of G2:

$9.4/$1.5 = 6.26 DLH per unit of G2

7 0
3 years ago
The top management of Wisniewski Automobile Parts Inc. has decided that the company's objective for the next two years will be t
Mkey [24]

Answer:

Strategic planning

Explanation:

Strategic planning is defined as the process by which a business outlines direction and strategy. It also involves decision on how the business will allocate it's resources to achieve its strategic goals.

Strategic plan involves formulation of mission, vision, and plan of action that will make the business achieve set goals.

In this scenario top management of Wisniewski Automobile Parts Inc. has decided that the company's objective for the next two years will be to expand the overall business internationally. This is the strategic plan of the business for the next two years

3 0
3 years ago
The local wendy's franchise is a good corporate citizen, and the owners of that particular franchise had fostered relationships
VashaNatasha [74]
Had to look for the options and here is the answer. Given the scenario above relating to the local Wendy's franchise, the type of relationship management program that centers on the development of media contacts is MEDIA RELATIONS. Hope this answers your question.
8 0
2 years ago
Strategic controls are largely subjective criteria intended to verify that the firm is using appropriate strategies for the cond
ValentinkaMS [17]

Answer:

A. True

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;

I. Value.

II. Vision.

III. Mission.

Basically, strategic controls are subjective criteria that are developed by a business firm so as to verify and ensure that the business firm has implemented the appropriate strategies for the conditions in the external environment and the competitive advantages of the business firm.

6 0
3 years ago
Planning for the possiblity that your home might get struck by lightning and catch on fire is part of a plan for _____.
AysviL [449]
<span>Planning for the possibility that your home might get struck by lightning and catch on fire is part of a plan for protecting assets. This planning falls under protecting your assets because you are taking initiative by making sure your home is protected in the event it is struck by lighting or catches on fire. The plan you develop will make sure your assets are protected and allows you to have steps in place to make sure that you do not lose everything without protection. </span>
5 0
2 years ago
Read 2 more answers
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