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Virty [35]
2 years ago
12

Why is important for all business majors to study strategic management since most students will never become a chief executive o

fficer nor even a top manager in a large company
Business
1 answer:
Soloha48 [4]2 years ago
3 0

Answer:

it is good that all business majors study this regardless, as strategic management takes place at several/multiple levels in any organization they may find themselves

Explanation:

Even though most students may never become CEOs or branch manager or department heads of departments, it is good they study strategic management as strategic management provides directions through the development of plans on how to achieve an organizations set goals.

Several other levels in an organization may require the knowledge of strategic management. These employees in these other job roles could be asked to complete strategic plans for their various departments. Also at all levels, employees are asked to make contributions towards their organizations strategic plan. This makes it important for all business majors to study.

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Monopolistic competition means:
rjkz [21]

Answer: Option C

Explanation: In a monopolistic competition market structure, there are many producers selling their products and each product is not a perfect substitute of the other.

The number of producers are large but each operate at a relatively smaller level. The products offered in the market are similar but not identical.

Hence, from the above explanation we can conclude that option C is correct.

3 0
3 years ago
Question in picture.
jonny [76]
I believe it’s 4 since you have to go to class and introduce yourself to the teachers so he/she will know you better and know how they can help you and when going to their office hours they can help you with anything that you are having trouble with.
5 0
3 years ago
The worst loss that could ever happen to a firm is referred to as the
Fantom [35]
The term you are looking for is <span>maximum possible loss.</span>
8 0
2 years ago
Isaac is looking for ways to offer new goods and services to his existing customers. he is pursuing a market development strateg
I am Lyosha [343]

False, this is a product development strategy.

A marketing development strategy finds <em>new </em>markets for <em>existing </em>products, which is the opposite of what Issac is doing.

7 0
3 years ago
3. Using the business idea you chose in Assignment 6, write a mission statement, vision statement, and list of 3-5 company value
shusha [124]

Answer:

<em>A mission statement is usually disseminated internally. While the company vision is future-focused, the mission combines forward thinking with present goals.</em>

Explanation:

1. Life is Good: To spread the power of optimism

2. Patagonia: Build the best product, cause no unnecessary harm, use business to inspire and implement solutions to the environmental crisis.

3. American Express: We work hard every day to make American Express the world's most respected service brand.

4. Warby Parker: To offer designer eye wear at a revolutionary price, while leading the way for socially-conscious businesses.

3 0
3 years ago
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