Answer:
Option D The competitive moves and business approaches that managers are employing to grow the business, stake out a market position, attract and please customers, compete successfully, conduct operations and achieve targeted objectives
Explanation:
The strategies that the company makes always include the competition strategy which it drives from the market analysis and assessing the strengths and weaknesses of the competitor. The potential strategy also includes the efficiently growing the business operations and increasing the business. Furthermore agood strategy always considers the threats and opportunities in the market to achieve the targeted objectives. So these are the qualities of the long term planning (Strategy).
Answer:
B. the difference between an actual amount and a budgeted or standard amount.
Explanation:
For example in the price variance for direct materials the variance will be the difference betwene the standard cost and the actual cost of the purchased units.
The labor hour variance will be the difference between the labor hours we expected based on standard and the actual hours needed to obtain the output for the period.
Making sure they meet all aspect of the company's purpose.
In the second ratio, the number of people is the denominator. It should be the numerator to match the first ratio.
Answer:
Forecasting
Explanation:
Forecasting is the way by which businesses predict future economic conditions by using past information and present economic situation to make informed guess about the future.
Forecasting is used by businesses to develop strategies that will ensure their future profitability.
In this instance Exxon predicted demand for oil, gas, and coal will increase for the foreseeable future of 20 to 30 years.
However their present activity is investment I sample biofuel projects.
This is forecasting the trend of demand in the oil and gas industry.