Answer:
I will utilize the strategy of the business model canvas.
Explanation:
The business model canvas is designed to reflect and prospect the future of the strategic plan of the business while also communicating systematically and strategically the focus on each business segment to each department as reflected in the question.
The areas of the business a business model canvas that will be focused on will include:
Key Partners, key activities, value proposition, customer relationship, customer segment , key resources, distribution channel, cost structure, and revenue stream.
The different section of the business model canvas that have been stated above when strategically discussed will address the need of every concerned department and party involved in the business plan and growth and will also address the diverse audience.
Answer:
B
Explanation:
The Federal Deposit Insurance Corporation (FDIC) was established after the great depression. Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers. In the case a bank fails, customers are assured that they would not lose their monies deposited
The FDIC provides protection for up to $250,000 of deposits
$55,000 is less than $250,000, thus the depositors would receive full protection
Answer:
In simple words, When it comes to conserving money, the most crucial factor to remember is the protection principle. When you save enough money beyond what you'll need for short-term objectives and emergencies, you'll have money to invest. Professionals advise saving one to two years' worth of account value in a contingency savings.
Thus, protecting principal is the core focus of the managers in savings plan.
Natural monopolies <span>benefit from large economies of scale, in which the costs of goods decrease as output increases.
</span>A natural monopoly<span> is a distinct type of </span>monopoly<span> that may arise when there are extremely high fixed costs of distribution, such as exist when large-scale infrastructure is required to ensure supply.</span>
Answer:
Record it in the risk register, discuss potential responses and make a note to update the RBS.
Explanation:
Risk management is the process by which the management of an organisation identifies, assessed, and controls threats that may affect the company's capital or earnings.
The risks can be as a result of natural disasters, management error, financial uncertainty, or accidents.
In the given instance if a risk is not on any of the categories in you Risk Breakdown Structure (RBS), there is need to record it in the risk register, discuss potential responses and make a note to update the RBS.
