Explanation:
It is necessary for companies to develop a strategic business plan, which contains the action plans necessary for an organization to achieve its objectives and goals.
The organization's strategic planning will comprise long-term objectives, including the company's guidelines, its mission, vision and values, the analysis of internal and external environments, and action plans, which will help the company to be well positioned, profitable and competitive in the market.
Answer:
The answer is True
Explanation:
Cultural differences can slow down the diffusion process, or even make it impossible. For example, no matter how good of a marketing campaign you make, if you sell pork, you will never have a high market share in the Middle-East, because both Islam and Judaism forbid the consumption of pork, and those are the two major religions in the area.
Answer:
A deferred tax liability will be reported on the balance sheet
b) trademark
as longterm assets refers to those assets that will not become cash within a one-year period
Explanation:
As the accounting makes the depreciaiton of the asset among 8 years
while the MACRS (depreciaiton for tax purposes) does it in 5 years
the company will pay lower income taxes now but, higher in the future
creating a tax liability as the tax relief occurs now.
Calculations:
Account Depreciation Expense
(cost - salvage value )/ useful life =
(130,000 - 10,000)/ 8 years = 8,000
Tax-purpose depreciation expense
130,000 x 20% = 26,000
There is a tax difference of (26,000 - 8,000) x corporate income tax
Extrinsic motivation
Extrinsic motivation is defined as behavior that is
motivated by external factors outside an individual such as rewards, fame, attention or praise.
Therefore, if Jack’s motivation for successfully completing a project is a salary
raise and more, he is externally motivated. He is motivated to do well largely
by the external factor, money, rather than intrinsic factors such as a sense of
achievement and pride.
Answer:
WHY should Wearable Wishes (WW) compete with Zara especially in it's U.S. Market Base?
- Should Zara succeed in taking over most or all of the market share in the US, this would negatively impact Zara whilst strenghtening Zara to compete against WW in other markets. All they need do is modify their strategy to suit the demographics and psychograhics of the other markets where WW is present.
- Zara's US market is huge. Besides, if it's accepted there, the chances are that it will be accepted in other markets globally.
Therefore, WW's interest in the US must be preserved by initiating and sustaining strong competition against Zara for the US market.
HOW The best place to start from would be to execute a SWOT analysis for both companies if possible. WW should be concerned about how it can leverage a combination of its strengths and opportunities to outsmart Zara and woo the market over to its side whilst reducing or minimizing its weaknesses.
Another tool that will be very relevant in the above excercise is the Potters 5 Forces Framework/Analysis.
The above tool looks at competitive rivalry from the following perspectives:
- The ease with which potential competition can enter the market
- The influence of suppliers in the industry
- Substitute goods
- The influence of buyers in the industry
One key advantage that WW has over Zara is that Zaras offerings are limited to: Men, Women, Kids, Shoes and Bags. WW, on the other hand, provides all the above and more. Their include: Toys, threats and even animal items.
Cheers!
