<span>Entrepreneurs are visionaries who can anticipate future consumer demands. An example of an entrepreneur is Marcus Lemonis who has a show on TV called 'The Profit.'</span>
The potential for risk is higher when considering a foreign market with a politically unstable nation.
What is unstable nation?
Ukraine. They already lost a portion of their country to Russia, Russia is obstructing important ports, and their population is greatly dispersed and in need. There is a lot of corruption, and some individuals want to be more like the rest of Europe while others prefer to be more like Russia. Additionally, they are totally dependent on Russia for their energy needs. Additionally, there is hardly one in Ukraine who genuinely supports the state.
Bosnia is second. Even now, so many years after the conflict, there is still no functioning administration, and the country's divisions are just becoming worse.
Sadly, the UK is probably in third place. No of what kind of agreement is ultimately reached, Brexit is incredibly polarizing. It may cause discontent in Scotland and particularly Northern Ireland.
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Financial Managers must know how to interpret a company's financial statements to effectively allocate the firm's financial resources and generate the best return possible for the company in the long run.
<h3>Financial Managers</h3>
They analyze the company's finances and report on the finding to their senior managers to maximize profits. Their role mainly includes:
- Prepare financial reports
- Review financial information
- Analyze market position for growth purposes
As with enhancement in technology, financial manager's role is mainly shifted from preparations of reports to analysis and determine the best possible ways for companies to expand.
<h3>Multiple Selections</h3>
Keeping in view the above points mentioned, the financial managers cannot recruit suitable candidates not setting the price of the company's product is their duty. Therefore, these points are invalid.
However, their roles do include allocating the firm's financial resources and generating the best returns for the company to grow in the long run.
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By employing such an organizational structure, Century Motors most likely set up a <u>Matrix Organization. </u>
A Matrix organization:
- Incorporates people from multiple departments and functions
- Will see people answering to multiple managers of those various departments
- Usually disband after a project is done
The actions of Century Motors are in line with a Matrix Organization in that people from multiple functions were incorporated into the team and the team will disband when the project is done.
We can therefore conclude that this is a matrix organization.
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Answer:
D. Considering all business aspects when marketing products
Explanation:
When a whole business (in general) is considered for the marketing strategy, it forms a holistic marketing approach. In this type of strategy different departments of an organization come together to give positive inputs that create a robust business marketing strategy.
