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zhenek [66]
2 years ago
7

If demand for a firm's product grows, the firm will need to grow to maintain market share. The two objectives of a growth strate

gy is to demand and production costs. (put a comma between your answers)
History
1 answer:
Marrrta [24]2 years ago
7 0

Answer:

Two objectives of a growth strategy are to increase demand and to lower production costs.

Explanation:

There are several types of growth strategies like market penetration, market development, product development, and vertical integration. In all cases, the main goal is to increase the demand for the firm's products (which in turn, increases sales revenue, and profit), while lowering production costs at the same time.

This is simply because the more the firm sells, at the same time that production costs are decreased, the more sales revenue the firm will obtain. Profit does depend on many other factors other than sales revenue (like tax liabilities or interest payments), but a large amount of sales revenue tends to be a good indicator of corporate profit.

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This article is about the Commonwealth of the Northern Mariana Islands, a political entity. For the Marianas archipelago, see Mariana Islands.

The Northern Mariana Islands, officially the Commonwealth of the Northern Mariana Islands (CNMI; Chamorro: Sankattan Siha Na Islas Mariånas; Carolinian: Commonwealth Téél Falúw kka Efáng llól Marianas), is an unincorporated territory and commonwealth of the United States consisting of 14 islands in the northwestern Pacific Ocean.[8] The CNMI includes the 14 northernmost islands in the Mariana Archipelago; the southernmost island, Guam, is a separate U.S. territory.

Northern Mariana Islands

U.S. Commonwealth

Unincorporated U.S. territory

Commonwealth of the Northern Mariana Islands

Sankattan Siha Na Islas Mariånas (Chamorro)

Commonwealth Téél Falúw kka Efáng llól Marianas (Carolinian)

Flag of Northern Mariana Islands

Flag Official seal of Northern Mariana Islands

Seal

Anthem: "Gi Talo Gi Halom Tasi" (Chamorro)

"Satil Matawal Pacifiko" (Carolinian)

("In the Middle of the Sea")

Location of the Northern Mariana Islands

Location of the Northern Mariana Islands

(circled in red)

Sovereign state

United States

Before union with U.S.

Trust Territory of the Pacific Islands

Commonwealth Status

January 9, 1978

End of U.N. Trusteeship

November 4, 1986

Capital

and largest city

Saipan

15.19°N 145.74°E

Official languages

EnglishChamorroCarolinian

Ethnic groups (2010)[1]

51.6% Asian

33.0% Pacific Islander

12.7% Multiracial

2.1% White

0.6% Other

Religion (2010)[2]

81.3% Christianity

10.6% Buddhism

5.3% Folk religions

1.0% No religion

0.7% Islam

1.1% Other

Demonym(s)

Northern Mariana Islander (formal)

Mariana (diminutive form)

Chamorro (colloquial)[3]

Government

Devolved presidential constitutional dependency

• Governor

Ralph Torres (R)

• Lt. Governor

Arnold Palacios (R)

Legislature

Commonwealth Legislature

• Upper house

Senate

• Lower house

House of Representatives

United States Congress

• House delegate

Gregorio Sablan (I)

Area

• Total

464[4][5] km2 (179 sq mi)

• Water (%)

negligible

Highest elevation (Mount Agrihan)

3,166 ft (965 m)

Population

• 2021 estimate

51,659[6] (209th)

• Density

113/km2 (292.7/sq mi) (97th)

GDP (PPP)

2016 estimate

Explanation:

<em>hope</em><em> </em><em>it</em><em> </em><em>hepls</em>

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