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Akimi4 [234]
3 years ago
12

A ______ establishes a company's financial and strategic objectives, and provides a set of guidelines for achieving the desired

results. Multiple choice question. mission statement strategic inflection strategic plan strategic vision\
Business
1 answer:
inysia [295]3 years ago
8 0

Answer:

strategic plan

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.

Typically, to formulate strategies that are well aligned with the mission of an organization or business firm, some of the activities that needs to be performed includes the following;

1. Knowing your core competencies: this involves identifying your strengths such as knowledge, technology, underlying skill, experience, ability or process that enables you to perform exceptionally and provide a unique set of products or services that meets the needs of your customers.

2. Assessment of the organization's internal strengths and weaknesses: it gives an organization certain advantages, edge and disadvantages in meeting the needs of various customers by analyzing their strengths, weaknesses, opportunities and threats (SWOT).

3. Examination of the organization's external environment: this involves examining and identifying all the factors outside of an organization that affects its performance such as customers, government policies, competitors etc.

4. Analyze your competitors: organization should ensure they are always a step ahead of the their competitors in the industry.

In conclusion, a business strategy or strategic plan sets the overall direction for an organization or 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.

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Studentka2010 [4]
The answer is C! hope this helped!
6 0
3 years ago
Read 2 more answers
Pharma Company produces various medicines in capsule form. At the beginning of the month of March, it had 5,000 units that were
levacccp [35]

Answer:

Pharma Company

1. Weighted Average method:

Weighted Average Method:

Equivalent units of production:

Started and completed this period 55,000

Ending WIP                                        10,000

Total equivalent unit produced =   65,000

Total cost of production:

Beginning WIP =  $150,000

Current period     600,000

Total cost =        $750,000

Cost per equivalent unit = $11.54 ($750,000/65,000)

Cost assigned to:

Units completed = 55,000 * $11.5385 = $634,617

Ending WIP =         10,000 * $11.5385 =     115,385

Total cost of production =                     $750,002

Cost Reconciliation:

Beginning WIP = $150,000

Completed units  600,000

Total costs =      $750,000

Ending WIP =         115,385

Cost assigned to

  production        634,617

2. FIFO method:

Explanation:

a) Data and Calculations:

                                   Units    Completion %         Cost

Beginning WIP =       5,000       2,000 (40%)     $150,000

Current completion (WIP)         3,000 (60%)

Completed            55,000     55,000 (100%)     600,000

Ending WIP           20,000      10,000 (50%)

Weighted Average Method:

Equivalent units of production:

Beginning WIP                                     3,000

Started and completed this period 55,000

Ending WIP                                        10,000

Total equivalent unit produced =   68,000

Total cost of production:

Current period     600,000

Cost per equivalent unit = $8.82 ($600,000/68,000)

Cost assigned to:

Beginning WIP =  

Units completed

Beginning WIP =          $150,000

=    3,000 * $8.82 =       $26,460

= 55,000 * $8.82 =       485,100

Ending WIP:

= 10,000 * $8.82 =         88,200

Total cost of production = $749,760

Cost Reconciliation:

Beginning WIP (40%) = $150,000

WIP completed (60%)      26,460

Completed units            485,100

Ending WIP =                   88,200

Total cost =                 $749,760

7 0
2 years ago
Joe walks into Best Buy prepared to spend no more than $500 cash on a new computer, but the price turns out to be $600. Joe is t
motikmotik

Answer:

Irrational decision

Explanation:

Irrational decisions refer to those decisions which are not taken after enough deliberation, ignore the rationale, facts and logic, are rather decided out of whim and impulse and usually instantly decided.

In the given case, Joe was not willing to pay more than $500 cash yet eventually ended up paying $600. Even if the $25 gift card is considered, he ended up paying $575 which is more than he had decided to pay.

The choice of the consumer here is not rational or rather irrational since, he without considering other alternatives or exercise of judgement, without evaluating his costs, impulsively opted for the credit card lured by $25 gift card.

As per the economic theory, Joe's decision would be referred to as irrational.

8 0
3 years ago
a client who has cancer and is receiving TPN. Which of the following lab indicate the treatment is effective_____________.
lubasha [3.4K]

Answer:

A client who has cancer and is receiving TPN. The following lab findings indicate the treatment is effective:

  • Prealbumin 30 mg/dL

Explanation:

  • TPN stands for total parental nutrition. It is a method of giving nutrition to a person in which nutrients are given to the vein in order to bypass the gastrointestinal tract because that person is unable to take food through mouth.
  • The prealbumin blood test is used to check that a person is getting required amount of nutrients and the normal test indicates that prealbumin is 30 mg/dL so that's why the lab finding indicates that the treatment is effective.

5 0
3 years ago
Developing the ability to solve problems can help you
atroni [7]

Complete Question:

Developing the ability to solve problems can help you.

The first step you should take is to

________ the problem and then solve it.

Group of answer choices

a. advance in your career.

b. create.

c. become more ethics.

d. identify.

e. change your values.

f. ignore

Answer:

d. identify

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation and all efforts is channeled in the right direction rather than the symptoms.

2. Gathering of information: this helps to consider the options available in solving a problem effectively.

3. Consider your options: this helps to compare the available and viable solutions to the problem.

4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.

<em>Hence, the first step you should take is to identify the problem and then solve it.</em>

7 0
3 years ago
Read 2 more answers
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