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3 years ago

Impact of strategy evaluation and control in gaining competitive advantage

Business

1 answer:

Svetllana [295]3 years ago

8 0

Answer:

Explanation: For the better part of a decade, strategy has been a business buzzword. Top executives ponder strategic objectives and missions. Managers down the line rough out product/market strategies. Functional chiefs lay out “strategies” for everything from R&D to raw-materials sourcing and distributor relations. Mere planning has lost its glamor; the planners have all turned into strategists.

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Information on Wolfen Company's direct labor costs for the month of January follows: Actual direct labor rate $5.00 Standard dir

xeze [42]

Answer:

Standard Rate = $ 5.65

Explanation:

Wolfen Company

Actual direct labor rate $5.00

Standard direct labor hours allowed 11,000

Actual direct labor hours 10,000

Direct labor rate favorable $6,500

Using formula to find the unknown figure

Direct Labor Rate variance = Actual Hours ( Standard Rate-Actual Rate)

$6,500= 10,000( Standard Rate-5)

$6,500/10,000 = (Standard Rate-5)

0.65+ 5=Standard Rate

Standard Rate=5+0.65= $ 5.65

We can check by putting it in another formula

Direct Labor Rate variance= (actual hours * standard rate)-(actual hours* actual rate)

$6,500=(10,000*Standard Rate)-( 10,000 *5.0)

$6,500= (10,000*5.65)-( 10,000 *5.0)

$6,500= (56,500)-( 50,000 )

$6,500=$6,500 (favorable) when standard price is higher than actual price

3 0

3 years ago

The wage theory that states that differences in wage rates are determined by collective bargaining is the

shtirl [24]

The correct answer for the question that is shown above is this one: "c. theory of negotiated wages." The wage theory that states that differences in wage rates are determined by collective bargaining is the theory of negotiated wages. C<span>ollective bargaining is a process of negotiations between employers and the representatives of a unit of employees aimed at reaching agreements that regulate working conditions. </span>

8 0

3 years ago

In order to motivate our sales force to increase sales, we decided to increase our commissions and salaries and increase marketi

algol [13]

Answer:

Sales Revenue - Inconsistent

Cost of Goods Sold - Inconsistent

Commission - Consistent

Shipping expense - Inconsistent

Bad debt expense - Unexplained

Salaries - Consistent

Lease of distribution center - Consistent

Depreciation of fleet and equipment - Inconsistent

Advertising - Consistent

Office rent, Phone, Internet - Inconsistent

Explanation:

The increase in selling price will result in change in the revenue figure. The cost of distribution is increased due to handling the addition volume. This will result in an increase in shipping expense and cost of goods sold. Salaries and commission of the staff will remain consistent as there will be no change due to increase of selling price.

8 0

3 years ago

Why is it important for engineers to have good communication skills?

Orlov [11]

To be able to fix the thing that are broken and to communicate with each other

4 0

3 years ago

Prime Cuts was the brainchild of Karen Terrier, who guided all the marketing efforts of the product. She made the decisions rega

gulaghasi [49]

Answer: Brand manager

Explanation: It is most likely that Karen serves in the job of brand manager as she is directly responsible for all the elements of the marketing mix (package, brand name, pricing, promotion and placement) for one brand or one product line. A brand manager is defined as one who is responsible for ensuring that the products, services and product lines of a company or business adapts to its target market. They continuously monitor marketing trends while keeping watch on competitive products in the marketplace or industry.

5 0

3 years ago

Impact of strategy evaluation and control in gaining competitive advantage​

Impact of strategy evaluation and control in gaining competitive advantage