Which of the following statements about strategy is most accurate? A) An organization can be all things to all people because it has access to all the resources it needs to discover and satisfy the needs and wants of its target markets. B) The marketing department helps to both set an organization's direction and move it there. C) The American Marketing Association (AMA) recently has established the definition of strategy. D) Strategy is an organization's short-term course of action designed to deliver a specific customer experience while achieving its internal standards. E) Only start-up organizations must develop strategies to help them raise capital as well as focus and direct their efforts to accomplish their goals.

Answers

Answer 1

Answer:

B.

Explanation:

The term 'strategy' can be defined as a long-term goal of a business intended to provide customer experienec in a unique manner and all the while achieving its internal targets.

The word 'strategy' is derived from the Greek word 'strategia' which means 'generalship or an art of command.' In marketing, or any other field, strategy is used to set long-term goals and the actions to achieve the goal.

From the given options, the statement that corrrectly describes strategy is option B. In buiness, it is the marketing department that sets goals and strategize the plans and actions to execute these plans.


Related Questions

were do Michael works a a.bakery or b. restaurant

Answers

Answer:

b. restaurant

Explanation:

"In an existing margin account, a customer sells short 100 shares of ABC at $45. At the end of the day, the stock is valued at $35 per share. What is the margin requirement?"

Answers

Answer:

$1,000

Explanation:

In an existing margin account, If a customer sells short 100 shares of ABC at $45, the selling price of 100 shares will be $45 × 100 = $4,500

If at the end of the day, the stock is valued at $35, then the price of the stock at the end of the day will be $35×100 = $3,500

Margin requirement = difference between the stock price and selling price.

Margin requirement = $4,500-$3,500

Margin requirement = $1,000

The effort used to coordinate the factors of production is a description of:_______
a. physical capital.
b. human capital.
c. labor.
d. entrepreneurship.

Answers

Answer:

The effort used to coordinate the factors of production is a description of entrepreneurship.

The effort used to coordinate the factors of production is a description of d. entrepreneurship.

What are the factors of production in entrepreneurship?

The elements of production are assets that are the constructing blocks of the financial system; they're what human beings use to produce items and offerings. Economists divide the factors of production into 4 categories: land, labor, capital, and entrepreneurship.

Within the first halg of the 20th century, some authors added the work of organization or entrepreneurship as a fourth factor of manufacturing. This has become preferred within the publish-struggle Neoclassical synthesis.

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Which of the following is a fixed cost for a company that sells greeting cards online and mails the printed cards to customers? A. The paper and glue to make the cards B. Hourly workers who assemble and ship the cards C. Packaging and shipping costs D. A paper cutting machine

Answers

Answer:

D.

A paper cutting machine

Explanation:

The correct option is D. Costs that are fixed are those that don't change based on volume. The majority of fixed costs are expenses that depend more on time than they do on how much your company produces or sells. A paper cutting machine.

What are variable costs and fixed costs?

Depending on how much is produced, variable costs change. Labor, commissions, and raw materials are examples of variable expenses. Regardless of production output, fixed costs stay the same. Payments for insurance, rent or lease, and interest are examples of fixed costs.

Thus, A paper cutting machine is a fixed cost while the paper and glue to make the cards, Hourly workers who assemble and ship the cards, and  Packaging and shipping costs are variable. For the duration of production, fixed costs are those that are predetermined. However, if the number of employees rises or falls, wages given to workers may change. It is not regarded as a fixed expense as a result.

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6. Which of the following describes a non-employee business? (1 point)
an architect who has only a part-time assistant
a small ice cream shop where only one person works at a time
a person who works from home for a larger company
a manicurist who works from her home or at clients houses

Answers

Answer:

a manicurist who works from her home or at clients’ houses

Explanation:

What is “money” and why does it
exist?

Answers

Answer:

Money is a common unit to measure all the goods and services. Also, it acts as a store of value. A farmer who uses perishable items to buy other goods cannot store it and use it in future.

If I am wrong please correct me.

Answer:

Money is an item that is given a specific value by a governmental body. It exists to make trade easier and more convenient, as you can sell an item for money then use that money to get something you want-- much more convenient than bartering between two different goods. Money means that things have a universal value, instead of being worth 200 apples, or a car tire because the merchant needs one right now.

how are resources and scarcity connected?

Answers

Answer:

Explanation:

resources and scarcity are connected.

HOW?????

If we do not have resources, it leads to scarcity.

For example, If we do not have water which is a very precious resource, it leads to scarcity of water.

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A business owner must decide whether to improve the benefits she offers her
employees. She calculates that improving benefits will cost the company an
extra $1,000 per employee each year. This could prevent her from hiring as
many new employees as she would like over the next few years. On the other
hand, better benefits will help her hire more qualified employees who will stay
with the company for longer.
The potential value of hiring more qualified employees at the cost of more
expensive benefits is an example of a(n)
A. margin
B. scarcity
C. trade-off
D. incentive

Answers

Answer: C. trade-off

Explanation:

If the business owner hires more qualified employees at the cost of paying more for expensive benefits, this is considered a trade-off because she is trading higher costs for more quality.

Trade-offs arise as a result of scarcity. Since resources (money for benefits in this case) are limited, the business owner would have to trade one thing for another instead of being able to get everything she wants. The thing she will exchange will be more expensive benefits for better quality employees.

Which of the following most drove the governments of European nation states in colonizing the Americas?
1. economic opportunities
2. competition with each other
3. political and religious liberty
4. none of the above

Answers

Answer:

2. competition with each other

Explanation:

Here the colonization refers to a process where the power of the central system dominates the land and its parts or its influence.

Since in the question it is mentioned that the European nation government colonized with the Americas so it represents that they are competitive each other to attain the maximum market share in the market place

Therefore the option 2 is correct

Hence, all the other options are wrong

What are examples of Science, Technology, Engineering, and Mathematics careers? Check all that apply.

Answers

Answer:

Zoologist

Chemist

Robotics Engineer

Explanation:

Zoology studies the behavior, physiology and classification of animals. Chemistry deals with the substances that form matter, their properties and their interaction. Robotics engineering involves designing and creating robots to perform certain human responsibilities.

Which of the following pieces of information is needed to compute flow time at a dentist's office?
A. Travel time of patients from home to the dentist.
B. Scheduling time of patients.
C. Arrival time of patients.
D. Arrival time of staff.

Answers

Answer:

C. Arrival time of patients.

Explanation:

Flow time is a term used in business operations to describe the quantity of period or duration a flow unit such as the number of customers attended to, commodities produced, etc, consumes in a business operation from start to finish. It can be calculated by the formula T = I/R

Where T = Flow time, I = average inventory, R = number of customers attended to / time period

Hence, in this situation, the information that is needed to compute flow time at a dentist's office is option C Arrival time of patients.

Omega technology is starting production of a new supercomputer for use in large research universities. They have just completed the first unit, which took 110 man-hours to produce. Based on their experience, they estimate their learning percentage to be 87 percent. How many man-hours should they expect the second unit to require to manufacture?

Answers

Answer: 95.7 hours

Explanation:

Let's assume that the second unit will require y labor hours.

Learning percentage = 87% = 0.87

For production of two units, the learning percentage will be:

= y/110

We then equate and this will be:

y/110 = 0.87

y = 110 × 0.87

y = 95.7

Therefore, 95.7 hours will be needed to make the second unit

Carradine Company prepares an adjusting journal entry to accrue salaries at year-end. What effect will this entry have on the financial statements

Answers

Answer: Increase in Liabilities; Decrease in Equity

Explanation:

If Salaries are accrued at year end, the salary expense will be credited to the Salaries Payable account which is a liability account to reflect that the company owes its staff some money.

The amount owed will be debited to the salaries expense account and so will reflect in the Income statement where it will reduce the net income for the period. This means that it will reduce Retained Earnings for the period and as Retained earnings is an Equity account, Equity in total will decrease.

Question 2 Multiple Choice Worth 10 points)
(01.03 LC)
Which statement explains a proportional tax system?
The higher the income, the higher the tax rate.
The tax rate is the same for all income levels.
The lower the income, the higher the tax rate.
The tax rate is adjusted for categories of income.

Answers

Answer:

The higher the income, the higher the tax rate.

Explanation: The more money they make the more money the state will take form you

Answer:

The higher the income, the higher the tax rate.

Explanation:

I did the test and got it right.

After submitting a résumé electronically, how long should you wait before following up with an employer? a. 1-2 days b. 1-2 weeks c. 2-3 days d. 4-5 days

Answers

Answer:

2-3 days edge 2020

Explanation:

After submitting a résumé electronically, One should wait before following up with an employer for 2-3 days. Thus the correct option is C.

What is Resume?

A Resume is referred to as a document that is used at the time of applying for a new job containing all the important details about a candidate which can be utilized in a job application.

A resume contains information about personal details, professional details about previous job roles and experience as well as academic qualifications. It also provides information about the skills and abilities of the candidate.

It is said that when a candidate applies for a job and submits a Resume electronically one should wait for two-three days before following up with the employer as recruitment is a complex process and it takes time to review a number of resumes.

This Resume is used to frame a visual image of a candidate in employers' eyes which helps them to establish a positive response from them.

Therefore, option C is appropriate.

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Statutes are considered a primary source of law.

O True
O False

Answers

Answer:

This is True

Good luck!!

Answer:

TRUE

Explanation:

edge 2022

"Lyla is a little more efficient at making potato soup than Jose. She is a lot more efficient than Jose at making bread. They decide to specialize and trade. What should Lyla specialize in making

Answers

Answer:

Making bread

Explanation:

Lyta has to specialize in making bread. By specialization, it means that lyta should focus it's productive efforts on making bread, because from the question she clearly has an absolute advantage in making bread Since the question says she is more efficient in making bread compared to the other product. It means she can produce bread in larger quantities at same cost or she can produce same quantity of bread at lower cost.

Chenglei, an IT manager, has been studying the actions that his workers perform in an attempt to improve their productivity. Chenglei is utilizingA) job evaluationB) management science.C) behaviorism.D) the Hawthorne effect.E) scientific management

Answers

Answer: scientific management

Explanation:

A correct statement concerning a real estate limited partnership is that: (A) The ordinary and necessary expenses of the general partner(s) in operating the business are completely nondeductible. (B) Management expertise and economic soundness are among the factors that should be considered in evaluating real estate limited partnerships. (C) Hard costs such as those incurred by a partnership in acquiring land are wholly deductible as they occur. (D) A corporation cannot be a general partner since a corporation has limited liability.

Answers

Answer:

(B) Management expertise and economic soundness are among the factors that should be considered in evaluating real estate limited partnerships.

Explanation:

The limited partnership in a real estate allows to have a general partner if there is no conflict of interest, it do not impose any restriction on a corporation having limited liability.

Further all the operating costs are wholly deductible and the costs associated with acquiring land are not deductible.

Management shall be expert in the work they perform also their soundness to business provides extra benefit to real estate business, as it is all about getting maximum contracts.

Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.

Answers

Answer:

diversification

Putting money into more than one kind of investment at a time is called diversification.

What is diversification?

Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.

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Line workers at a Virginia steel mill developed a new process that made the line safer. It went through only one level of management before it was appapproved by the vice president of operations.
A. Self-directed work groups and virtual teams.
B. Flattened management hierarchies.
C. Changing communication technologies.

Answers

Answer:

B. Flattened management hierarchies.

Explanation:

In this scenario, the line workers at a Virginia steel mill developed a new process that made the line safer. The process went through only one level of management before it was approved by the vice president of operations. Hence, this is an example of a flattened management hierarchies.

A flattened management hierarchy can be defined as an organizational structure which eliminates a middle manager and allows the employees to be involved directly with the decision-making process.

Hence, by the removal of the middle management in an organization, the flattened management hierarchy creates a direct relationship between employees and the top executives of the company; thus, giving room for innovation and actions by employees in the decision-making process.

When creating a budget, log fixed expenses
before income.
after income.
after savings.
at the top.

Answers

Answer:

after income

Explanation:

A budget is an estimation of revenue and expenses over a specified period of time. Therefore, log fixed epenses after income. After income is the answer.

after income

When should you log fixed expenses?

One"s fixed expenses should be deducted first from your budget. If one has money left over at the end of the month, then one did well in keeping one's variable expenses in check.

Therefore, log fixed expenses after income.

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If you owe $2000 on a credit card, at an 18.4% interest rate and you make $50
monthly payments, how much will you end up paying before the charges are paid
off?

Answers

Answer:B

Explanation:

Countries the government controls the mos
activities:
• health
education
defence
• public transport
water supply
. electricity supply.
Activity 2.4
For each of the examples of key industries or activities listed above, suggest three possible
reasons why the government of a country might decide to own and control that industry or
service.​

Answers

Answer:

health education defense

Which of the following characteristics describe Millennial employees, in general?
A. Hesitant to question their superiors.
B. Globally conscious.
C. Less educated than their peers.
D. Technologically inept.
E) Hesitant to challenge the status quo.

Answers

Answer:

B. Globally conscious.

Explanation:

Millenials are the generation of people born in the 80s and 2000s, and represent people who were born at a time when technology and the internet were strengthened, which caused a revolution in the form of social interactions around the world.

The internet revolutionized business, due to the speed in the exchange of information, it was possible for business to expand and integrate, which generated globalization, which is the interaction of businesses between countries in search of competitive and strategic advantages in the global market.

Therefore, it is correct to say that the generation of millennials are more globally aware employees, due to the fact that they have grown up in a cultural and social environment marked by the use of the internet and the availability of information, which makes them more aware about business. global interactions, multicultural interactions and more possibilities to understand the market and contribute to its development.

What is a celebrity endorser?

Answers

A form of brand or advertising campaign that involves a well known person using their fame to help promote a product or service. Manufacturers of perfumes and clothing are some of the most common business users of classic celebrity endorsement techniques, such as television ads and launch event appearances, in the marketing of their products.

If you do not complete high school, you are typically paid more than those who pursue post-secondary education Please select the best answer from the choices provided T F

Answers

Answer:

false

Explanation:

Post-secondary education refers to an education that goes beyond high school.

Answer:

false

Explanation:

The person you are pretending to be as you complete a PBL project is called
catastrophe
peer activity
pandemic
your role

Answers

Answer:

catastrophe

Explanation:

the person you are pretending to be as you complete a pbl project is called catastrophe peer

Answer:

The answer is D) Your role

Explanation:

I took the test

Sleeping mats for children must be one inch thick and must be:

Discarded if torn

Repaired immediately if torn

Used by the same child each time

Cleaned and disinfected monthly

Answers

Answer:

Option C, Used by the same child each time, is the right answer.

Explanation:

Used by the same child each time is the correct answer because if the same child uses the mat then there will be a lesser risk of infection or if the mat is used by several children then the infection and hygiene problem may occur. Moreover, other options like repairing mats, changing the mat if torn and disinfected monthly will also be considered but the concrete or primary step is to use one mat only for one child in order to save from infections.

what is the net pay?​

Answers

Answer:

its the last one i think

Explanation:

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