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velikii [3]
2 years ago
13

Strategic planning is the managerial process of creating and maintaining a fit between the organization's objectives and resourc

es and the evolving market opportunities.
Business
1 answer:
Thepotemich [5.8K]2 years ago
7 0

Answer:

TRUE

Explanation:

Strategic planning is an essential tool for any company, regardless of its size or area of activity, through it the company identifies what its objectives and goals are for a period of time and develops action plans to achieve them. Through strategic planning, the company also seeks to identify its mission, vision, values, policies and procedures that will assist it in reaching its goals.

To be effective, it must be aligned with the organizational identity, be properly implemented and monitored.

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Wetherald Products, Incorporated, has a Pump Division that manufactures and sells a number of products, including a standard pum
algol13

Answer:

Minimum transfer price = $86

Explanation:

Pump Division  is operating at full capacity, hence it has no excess capacity

This implies that it can not produce enough to meet both the internal demand (from the Pool Division ) and external buyers.

Hence, it implies that Pump Division cannot accommodate the demands of the Pump Division  at a price lower than the  external price of $86. Any price lower than $86  would result into a loss in contribution.

To maximize and optimize the group profit, the minimum transfer price should be set as follows:

Minimum transfer price = External selling price at which Pump Division sells to outside customers

Minimum transfer price = $86

7 0
2 years ago
Until now, only injectable vaccines against influenza have been available. Parents are reluctant to subject children to the pain
Jobisdone [24]

Answer:

D) Adults do not contract influenza primarily from children who have influenza.

Explanation:

The conclusion from this argument is that there is no health benefit for the nasal spray vaccine since it was designed to be administered to children, but children rarely get influenza.

The only assumption that strengthens this conclusion is that children do not pass influenza to adults.

  • If this is true, plus the fact that children rarely get influenza, then why would anyone need an influenza vaccine for children.
  • If this assumption was false and children passed influenza to adults, then the conclusion would be wrong because a vaccine would be necessary to prevent children from passing influenza.

7 0
3 years ago
Sales for BMW models are often highest in the last model year. By adding versions like a convertible model or features such as a
dimaraw [331]

Answer:

The correct option is (d)

Explanation:

Products have a cycle starting from introduction, growth, maturity and decline. This is called product life cycle. Considerable investment is required at introduction stage. Once the product is profitable, it enters growth stage and at maturity, it is at the most profitable stage. A product reaches decline stage as competitors step in and better products are made available in the market.

By adding features to its models, BMW is trying to lengthen its product life cycle so as to avoid the product's entry to decline stage soon.

8 0
3 years ago
5. When increased raw material costs increase prices for consumers, the situation is known as _______ inflation.
Bogdan [553]
5. C. cost push
6. A. Demand
7. A. Law of Demand
8. A. The product isn't a Necessity 
9. C. Demand
7 0
3 years ago
Read 2 more answers
Recently, ink has been developed that will conduct electricity. The application for this ink is to print circuitry that can be r
nalin [4]

Answer:

This is an example of how technological forces are applied to industry.

Explanation:

This here is a clear example of how an industry can enjoy benefits of technological up gradation and also goes on to show how we can apply such technological up gradations to a particular industry.

The example given in the question of such an ink which can print circuitry, is a huge game changer in the industry as the cost of radio frequency tag would be driven down , giving the chance to the firms in the industry to book more profit than before.

6 0
3 years ago
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