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.
Answer:
Yes, because the statement was false.
Explanation:
Breach of warranty is defined as a misrepresentation of the quality or type of a product. The seller fails to fulfil a promise or claim made during a transaction.
When a good is being sold there are certain assertions which the seller must stand behind.
In this scenario Mark tells Leslie that his stereo has quadraphonic speakers because he was told that when he bought it.
The fact that the stereo did not have quadrophinic speakers should have been discovered and stated by Mark. The misinformation he got when buying the stereo does not clear him of breach of warranty
Answer:
Individual branding
Explanation:
Procter & gamble is well known for its use of individual branding because every product in p&g's portfolio has a different brand name.
Individual branding can be defined as a market strategy in which every products sold by a firm has its own unique brand name. Individual branding can also be called "multibranding", "individual product branding", and "flanker brand".
Firms utilizes individual branding strategy in order to target different market segment. Individual branding helps to protect the other products produced by a company if one of them fails.
Each brand produced has a unique identity and name even though they are produced by the same firm. This allows the firm to to separate the image and reputation of each product and fix a different price for each product.
Answer:B. So that the growth can be carefully monitored and managed
Explanation: Management is an act of planing,coordinating and the executing responsibilities in order to improve efficiency.
When a company grows the number of managers are expected to increase so that the activities of the organization is effectively coordinated,growth can be properly and efficiently monitored and managed.
If growth is not efficiently monitored and managed it will hinder the overall performance of the organization.
Answer:
The correct answer is letter "B": Companies are formed to create value for society.
Explanation:
The Committee of Sponsoring Organizations (<em>COSO</em>) is an international acknowledgment organism where basic risk regulating frameworks and accomplishment in organizational internal control matters are established. When it comes to Enterprise Risk Management (<em>ERM</em>) the committee proposes key principles and concepts for clear guidance.
Creating value for society is not included in one of the core objectives of the COSO ERM.