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2 years ago

Planing is the primary function of management.discuss

Business

1 answer:

Bad White [126]2 years ago

7 0

Explanation:

it is a primary function of management because it help in making the business and it makes it easier for the employees and everyone involved in the business in the workforce to see what is going to happen in the business and it's important for making decisions and such as trading and different types of that can a decision so it can also make it easier for the employees and the whole business to run smoothly because if you have a plan for everything then you can easily basically just you know work according to your needs and you can just flourish as a business

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Country X, a poor country, invents a revolutionary electronic product. The country markets this new product in other poor countr

Scorpion4ik [409]

Answer:

Free trade

Explanation:

Correct word for the given statement is free trade

The hypothesis competitive advantage recommends that exchange is a positive-sum game in which all nations that take part acknowledge monetary increases. In that capacity, this hypothesis gives a solid method of reasoning to empowering organized commerce.

The approach doesn't limit imports or fares; it can likewise be comprehended as the free market thought applied to worldwide exchange.

8 0

3 years ago

Nancy Tercek started a delivery service, Marigold Corp., on June 1, 2019. The following transactions occurred during the month o

Cloud [144]

Answer:

Nancy Tercek

Income Statement for the month ended June 30 2019

$ $

Service Revenue 6300

Less: Expenses

Rent Expense 600

Gas Expense 300

Utilities Expense 300

Salaries Expense 1190 (<u>2390)</u>

Net Income <u>3910 </u>

Explanation:

These are the only transactions relating to income statement. We calculated the revenue by adding the service revenue earned on 5 june (4700) and on 20 June (1600).

In service business there are no Cost of Goods Sold.
We deduct the Expenses relating to operations.
There are only four expenses and the finance cost relating to notes payable cannot be calculated as the interest rate is not provided.

6 0

3 years ago

Barnes Company reports the following operating results for the month of August: sales $305,000 (units 5,000); variable costs $21

Ostrovityanka [42]

Answer:

1. $30,500;

2. $30,000;

3. $22,000;

=> Option 1 produce the highest net income.

Explanation:

We have sell price per unit = 305K /5K = $61

1. Increase selling price by 10% with no change in total variable costs or sales volume:

Sell price = 61 x 1.1 = $67.1

Sales revenue = 67.1 x 5,000 = $335,500

Increase in sales revenue = 335.5K - 305K = $30,500

As costs remains the same, Net income will increase as much as the increase as sales revenue which is $30,500.

2. Reduce variable costs to 60% of sales:

New variable cost = $305,000 x 60% = $183,000

Saving in variable cost = 213K - 183K = $30,000

As fixed cost and sales revenue remain the same, net income will increase as much as the saving in variable cost which is $30,000

3. Reduce fixed costs by $22,000:

As variable cost and sales revenue remain the same, net income will increase as much as the saving in fixed cost which is $22,000

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3 years ago

Elaborate on any three internal factors of Jessops’ Group Limited that can influence its functioning

Mariulka [41]

Answer:

The internal factors are factors that are under the control of the company and these can be tangible or intangible in nature.

Explanation:

Examples of three internal factors of Jessops’ Group Limited that can influence its functioning are:

1. Assets of the company: the company has over 200 stores around the UK, and also has an online shop and call center. This will make the company to serve a wide base of customers which can increase the revenue of the UK’s premier photographic retailer.

2. Photo and imaging business: This is a business line which is a key part of the company's product portfolio. The decision of the company to focus its attention on making its imaging business the market leader is because of the stability in its margins during the 2008–09 economic recession in the UK.

3. Participation and investment in social responsibility: The response of the company to the Waste Electrical and Electronic Equipment (WEEE) regulations on the disposal of electronic goods at the end of their life by contributing towards a national fund to assist local councils to develop collection facilities for electronic goods is an example of social responsibility. The creation of a convenient battery recycling points in its stores and effort to increase awareness of the WEEE regulations are part of social responsibility functions that will be seen more favorably by consumers. This can therefore increase the sales of the company.

4 0

3 years ago

You would like to generate a number of potential ideas. What type of thinking would best facilitate this?a. Egocentric Tendencie

hammer [34]

Answer:

The correct answer is letter "C": Critical Thinking.

Explanation:

Critical Thinking is the type of thinking that allows individuals to discriminate and have a particular judgment over a specific matter. It helps by determining accuracy and validity on that topic by gathering a certain quantity of information to then highlight the most relevant.

7 0

3 years ago