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Zinaida [17]
2 years ago
15

Discuss steeps involved in business planing process​

Business
1 answer:
bazaltina [42]2 years ago
8 0

Steps for business planning:

Step 1: Establish your mission. In essence, your mission statement explains why your business exists. ...

Step 2: Analyse your SWOT. ...

Step 3: Develop a plan. ...

Step 4: Create a budget. ...

Step 5: Put it in writing. ...

Step 6: Make it a living document.

Steps for planning

1] Recognizing Need for Action. ...

2] Setting Objectives. ...

3] Developing Premises. ...

4] Identifying Alternatives. ...

5] Examining Alternate Course of Action. ...

6] Selecting the Alternative. ...

7] Formulating Supporting Plan.

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Marketing research indicates that almost 70 percent of all women drivers who have driven a Volkswagen Cabrio prefer it to any ot
hoa [83]

Answer:

Demographic

Explanation:

A market segment is a portion of a large market in which the individuals, groups or organizations share one or more characteristics that cause them to have relatively similar products needs.

A market segment consist of a group of customers that share a similar set of needs and wants.

Are four categories of segmentation:

-Geographic

-Psychographic

-Behavioral

-Demographic. The process of dividing a market through variables such as age, gender, education level, family size, occupation, income, and more. This is one of the most used strategies amongst marketers.

7 0
3 years ago
A company has a process that results in 26000 pounds of Product A that can be sold for $8 per pound. An alternative would be to
Tom [10]

Answer:

Sell now, the company will be better off by $18200

Explanation:

The computation is shown below:

Sales value after processing the product (26,000 × $14)   $364,000

Less: sales value   (26,000 × $8) $208,000

Increase in advantage due to processing $156,000

Less: processing cost ($174,200)

Net disadvantage of processing the product ($18,200)

As we can see the final answer comes in negative which means the product should be sold now

8 0
2 years ago
How does the use of credit influence businesses and the economy?
Anarel [89]
A credit company will look at your history with credit and either accept you or deny you based on your credit score

i hope this helps..;)


5 0
3 years ago
Read 2 more answers
How are envelopes and letterhead different? information included
xz_007 [3.2K]
The Layout would be the answer to this question
7 0
3 years ago
Meena Chavan Corp's computer chip production process yields DRAM chips with an average life of 2,000 hours and s = 120 hours. Th
AnnZ [28]

Answer: a.)Cp= 1.25 ; b.) process is very capable ; c.) 0.83 ; d.) does not meet requires specification.

Explanation:

Given the following ;

Average chip life = 2000 hours

Standard deviation = 120 hours

Tolerance upper specification limit = 2600 hours

Tolerance lower specification limit = 1700 hours

A.) process capability ratio (Cp) :

Cp = (Upper specification limit - Lower specification limit) ÷ 6(standard deviation)

Cp = (2600 - 1700) ÷ (6 × 120)

Cp = 900 ÷ 720 = 1.25

B.) Capability ratio of 1.25 demonstrated that it is very capable.

C.) process capability ratio index(Cpk) :

Mean (X) = (Upper specification limit(US) - Lower specification limit(LCL))

Mean(X) = 2000

Lower Cpk = (X - LSL) ÷ 3(standard deviation)

Lower Cpk = (2000 - 1700) ÷ (3 × 120)

Lower Cpk = 300 ÷ 360 = 0.83

Upper Cpk = (USL - X) ÷ (3 × Standard deviation)

Upper Cpk = (2600 - 2000) ÷(3×120)

Upper Cpk = 600 ÷ 360 = 1.67

Cpk = Minimum_of (Upper Cpk, Lower Cpk)

Cpk = Minimum_of (1.67,0.83)

Cpk = 0.83

D.) Cpk < 1.0, shows that it does not meet required specification.

3 0
3 years ago
Read 2 more answers
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