Answer:
The correct answer is C: Planning
Explanation:
There are five primary functions of management:
1. Planning
2. Organizing
3. Staffing
4. Directing
5. Controlling
Planning is future-oriented and determines an organization’s direction to achieve an objective. It is a rational and systematic way of making decisions today that will affect the future of the company.
Peter Drucker has defined planning as follows:
“Planning is the continuous process of making present entrepreneurial decisions systematically and with best possible knowledge of their futurity, organizing systematically the efforts needed to carry out these decisions and measuring the results of these decisions against the expectations through organized and systematic feedback”.
Planning is the path to achieve a predetermined objective. In this exercise, the <u>objective </u>is to <u>increase market share</u>. To achieve this goal they need to <u>attract more costumers</u>. To attract more customers, Restaurant Y <u>planned a promotion based on grade-school students.</u>
Answer:
Relationship marketing
Explanation:
Marketing is a concept of presenting products to customer. There are various ways to market a product. Relationship marketing is a concept in which customer is the main focus, his needs, demands and customization requirements are kept in mind before referring any product to them. Many companies have formed a strategy in which product is designed according to customer lifestyle maintenance requirements. This will lead to higher profit as switching cost for customer is high and also their required product will not be available easily in the market.
Answer:
Market based transfer pricing should be made only when it leads to the highest total profit for all sub units collated as a consolidated results of the entire organization.
Explanation:
Distress prices signal a markdown in the price of a good to sustain its production in the face of prevailing fall in prices.
When supply outstrips demand and sales slows down, continuing the production of the item is preferable as it covers some of the fixed costs of the product.
The distress price is the variable cost of the product plus a minimum mark-up.
The dual transfer prices should be used for judging performance if distress prices prevail
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Answer:
option (b) 9.5%
Explanation:
Data provided in the question:
Loan Amount = $2,000,000
Annual interest rate = 9%
Required compensating balance = $100,000
Now,
Effective interest rate(EIR)
= (loan × Annual interest on loan) ÷ (Loan - Required compensating balance)
= ($2,000,000 × 9% ) ÷ ( $2,000,000 - $100,000 )
= ($2,000,000 × 0.09 ) ÷ ( $1,900,000 )
= 0.0947 ≈ 0.095
or
= 0.095 × 100%
= 9.5%
Hence,
the answer is option (b) 9.5%
