To develop a consistent marketing strategy, it may be necessary to set up a team meeting to suggest ideas for solving the problem, which is called brainstorming.
Definition of brainstorming
It is a technique used in organizations to raise ideas and solutions on a given problem, starting from the meeting with the team, where each member can contribute with ideas that generate innovation and a course of action for the situation.
Therefore, brainstorming can be used in the internal environment, when there is a need for strategic planning, and also in the external environment, in the development of a marketing campaign for example.
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Answer: D. develop short-term operating strategies
Explanation:
Capital budgeting simply refers to the process that is used by a business in order to determine the fixed asset purchases that is proposed which it should accept, or not. It's typically done in order to select the investment that's most profitable for a company.
Some of the capital budgeting processes include:
• Identification and analysis of potential capital investments.
• Application of capital rationing
• Performing post-audits
It should be noted that developing short-term operating strategies is not part of the capital budgeting process. Therefore, the correct option is D.
Answer:
The answer is to minimize the reodering cost
Explanation:
We have three motives for holding inventory
1. Transaction motives of holding inventory This is to enable day to day transaction running of inventories.
2. Precautionary motives of holding inventory: Holding inventory to guard against unforeseen circumstances or to meet emergencies. For example, unexpected increase in demand.
3. Speculative motives of holding inventory. This is the holding of inventory in order to take advantage of any potential Investments. For example, to hedge against risk, take advantage of discounts.
All the options EXCEPT 'to minimize reodering cost' option are the reasons holding inventories.