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mario62 [17]
2 years ago
7

In the third step of the strategic management process, managers should:

Business
1 answer:
zhannawk [14.2K]2 years ago
5 0

In the third step of the strategic management process, managers should: Establish the organization's objectives .

Strategic management process simply means to formulate organization strategic that will enables the organization to achieve their goals and objectives.

When managers formulate a strategy it means that they are establishing  and setting the direction for their  business as this will help to  designate the kinds of activities that will make their plan to become a reality.

When it comes to strategic management process It is important that managers establish objectives they want to achieve when planning to  take action that will help  implement the plan  and vision the organization has for the future.

Inconclusion In the third step of the strategic management process, managers should: Establish the organization's objectives.

Learn more here:

brainly.com/question/14673413

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What is 700 units at $6.80 value
jek_recluse [69]

Answer:

$4760

Explanation:

700 units at 6.80 value/unit

700 x 6.80

= 4760

8 0
3 years ago
When looking for capital, bankers and other lenders will usually feel most comfortable investing in a/an
lilavasa [31]
Existing business with a proven record. When you ask for investments, the lending institution will most definitely ask for your financial track record. They would want to know if you are a good paymaster because they will need the assurance that you can pay them back. Even if you have a really original idea and want to start a new business, there will still be some reservation if you have no track record because the lenders do not know if you are trustworthy or not. Unlike if you already have a proven record that you are a good paymaster, then you at least have proof that you can pay back. 
7 0
3 years ago
Joe sold gold coins for $1000 that he bought a year ago for $1000. He says, "At least I didn't lose any money on my financial in
Sav [38]

Answer:

TRUE

Explanation:

Opportunity cost refers to those costs that can help us save more money. When we move from one investment to another, then the additional income from the other investment is called opportunity cost.

In this case, if Joe chooses Invest in a bank deposit in the place of Gold coins, he can enjoy 3% more return at the place of no profit and loss, so Joe had loss his 3% opportunity cost.

8 0
3 years ago
_____________ measures how changes in price affect the quantity of product demanded.
Margaret [11]

Price elasticity of demand measures how changes in price affect the quantity of product demanded. A good or service's price elasticity of demand is calculated by dividing percentage change in the amount sought by percentage change in the price.

The ratio of the percentage change in quantity supplied to the percentage change in price is  price elasticity of supply. A good or service's price elasticity of demand is calculated by dividing percentage change in  amount sought by the percentage change in price.

The ratio of percentage change in quantity supplied to percentage change in price is  price elasticity of supply.

To learn more about price elasticity, click here

brainly.com/question/13691796

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5 0
2 years ago
What is the correct sequence of the five phases in the sdlc
Mariana [72]

Answer:

the common sequence is

Explanation:

planning, analysis, design, implementation, and maintenance

4 0
3 years ago
Read 2 more answers
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