When company managers formulate strategy decisions resulting from their internal analysis, they are primarily making decisions about how to obtain and allocate critical and scarce resources.
<h3>What is business strategy?</h3>
Business strategies are actions created to run and conduct operations, so that the business can grow. They are ways developed by business to create values.
It also involves looking for places in the market, gaining new customers as well as keeping existing customers happy, being able to compete in their field, and achieving goals.
Importance of strategies as it relate to a business are:
- It helps define a business hence gives set of values and purpose.
- It helps a business understand what success actually looks like.
- It provides a roadmap for our business,
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Answer:
Option D is correct
Explanation:
Due to the increase in awareness amongst target market would increase consumers demand of product which would increase revenue.
Answer:
The depreciation at the end of first year = $3250
Explanation:
The cost of a new vehicle on July 1st = $42000
The estimated useful life of vehicle = 6 years
The salvage value of vehicle = $3000
It is given that the company uses the straight-line method for depreciation so we have to calculate the depreciation by subtracting the salvage value from its cost and dividing by years.
Depreciation = ($42000 – $3000) / 6 = $6500
So annual depreciation is $6500.
Therefore depreciation at the end of the first yThe depreciation at the end of first year = $3250ear that is for 6 months = $3250
The answer to this question is an amount equal to or more likely "$350.00". Hence when it is estimated that the average cost of single field sales calls on a business or the establishment customer is about an amount of $350.00, factoring in sales the people or worker's compensation, benefits, and the travel-and-entertainment expenses.