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Usimov [2.4K]
2 years ago
11

matthew has written his mission, vision, and value statements. he has completed his organizational assessment. what is his next

step?
Business
1 answer:
Dimas [21]2 years ago
4 0

After completing the organizational assessment, Matthew's next step should be to formulate the functional strategies.

The action plans that a company develops in different areas to achieve its objectives and goals in the short and long term are called functional strategies.

It is the set of strategies of the areas:

  • Commercial
  • Financial
  • Marketing
  • Production
  • Human Resources
  • Distribution
  • Technology

As a company is an integrated system that works to achieve a common goal, which in general is to be profitable and competitive in the market, the functional strategies must be aligned with those at the corporate and organizational level.

Therefore, the formulation of functional strategies is essential for the integration and optimization of organizational resources in order to achieve a company's objectives and goals.

Learn more here:

brainly.com/question/4974396

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An import​ quota: A. Is always more costly to a country than an import tariff. B. Has the same effects on welfare as an import t
Ivahew [28]

Answer:

D. Generates rents that might go to foreigners.

Explanation:

An import quota is the trade restriction imposed by the government on the quantity of the particular commodity to be imported from another country. It protects domestic producers from foreign competition. Overseas goods are generally very cheap compared to locally produced goods, which can destroy a business from the market and can make foreign companies be the leader of the market, who can control the price and quality of the product. Therefore, it very helpful to the local producer in sustaining and generating profit in the market.

3 0
2 years ago
What is one way a market economy affects the lives of private citizens
vovikov84 [41]

Freedom of individual choice is possible to the extent that the market provides options for work, developing a business, and purchasing goods and services (so long as you can afford them).

Hope this helps :)

3 0
3 years ago
Question 26 The Paper Mill is operating at full capacity. Assets, costs, and current liabilities vary directly with sales. The d
Lesechka [4]

Answer:

$2,260

Explanation:

The computation is shown below:

Present sales revenue $42,700

Expected sales revenue ($42,700 × 114 ÷ 100) $48,678

Current profit margin ($5,500 ÷ $42,700 × 100) 12.88%

Payout Ratio:  

Dividends (a) $1,925

Net Income (b) $5,500

Payout Ratio (a ÷ b × 100) 35%

Retention Ratio (100% - 35%) 65%

due to 14% rise in sales Increase in retained earnings  ($48,678 × 12.88 ÷ 100 × 65 ÷ 100) $4,075.32

due to 14% rise in sales, Increase in assets  ([$48,678 - $42,700] × $48,900 ÷ $42,700) $6,846

due to 14% rise in sales, Increase in liabilities  ([$48,678 - $42,700] ×  $3,650 ÷ $42,700) $511

when sales rise by 14% External Financing Needed ($6,846 - $4,075.32 - $511) $2,260        

7 0
2 years ago
Standard oil company was the empire of which business mogul?
kozerog [31]
The business mogul was Rockefeller
4 0
2 years ago
David works for a cookie company downtown. He earns $7 per hour. In a typical week, he works 22 hours. His employer provides ove
Mariulka [41]

Answer:

$242

Explanation:

Calculation to determine How much can David make this week

Earnings for David =( 22*$7) + (1100*8%)

Earnings for David=$154*$88

Earnings for David= $242

Therefore How much can David make this week is $242

4 0
3 years ago
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