which of the following components are included in the strategic management process? (select all that apply.)

This part of the statement represents a company. The entrepreneur's vision of the new catalog and his need to update the collection for new consumer trends represents a need for innovation.

It corresponds to the technological development of processes, products and services, combined with the improvement of organizational systems in accordance with market needs.

Therefore, innovation is essential for every organization in a globalized world, as new products and services increase brand value, positioning and competitiveness.

Find out more about innovation on:

https://brainly.com/question/19969274

#SPJ1

The recruiting process includes: a. résumés and interviews

Recruitment process can be defined as the process which an applicant must pass through before been employed to work for  company and this process is often conducted by an hiring manager.

Recruiting process  tend to includes résumés and interviews based on the fact that an applicant need to send out his/her resume before been invited for an interview.

Therefore we can conclude that the correct option is A.

Learn more about recruitment process here:https://brainly.com/question/13616884

#SPJ1

The concept here is Lockout, it is a work stoppage or denial of employment by the management. An answer is option, B.

A lockout is a stoppage or turndown to work initiated by operation during a labor disagreement. Unlike a strike, where workers refuse to work, a walkout is initiated by employers or assiduity possessors.

Conflicts or clashes between workers and workers. Illegal strikes, regular strikes, or sustained strikes by workers can bring a plant or industry to a deadlock. External environmental disturbances caused by unstable governments can lead to strikes in manufactories or diligence.

Employers are responsible for developing a walkout/ tagout program to help the unanticipated release of dangerous energy.

The question should be:

What happens if management temporarily closes the company to deny employees employment?

A) Involuntary strike

B) lockout

C) employment injunction

D) secondary boycott

To know more about Lockout,

brainly.com/question/24573204

#SPJ4

set of potential solutions all other responses urging patients to pay cash for normal medical expenses creation of a community.

What does "community" mean to you?

A group of people who live together in a larger society and share a shared trait or interest. a neighborhood of senior citizens. A group of people with similar interests, particularly professional ones, dispersed among a larger society is referred to as a monastic community.

One of the most underappreciated comedy of all time is Community. It's a sitcom that follows the lives of the students at Greendale Community College.

Joel McHale, Ken Jeong, and other actors star in the intelligent, irreverent comedy Community, which is about a group of pals at the fictional Greendale Community College.

Know more about  expenses Visit:

https://brainly.com/question/29842871

#SPJ4

Quantity demanded is a term used in economics to describe the total amount of a good or service that customers demand over a specific time period. A product or service's price in the market determines the quantity demanded.

To Learn more About Quantity demanded  refer To:

https://brainly.com/question/1692392

#SPJ4

Quantity demanded is the total number of units of a good or service consumers are willing to purchase at a given price.

To learn more about Quantity demanded refer To:

brainly.com/question/1692392

#SPJ4

In a very strong economy, where the demand for qualified job applicants exceeds the supply, the environmental characteristics of  resource scarcity is likely to be particularly salient for may companies.

Why is environmental complexity important?

There are many significant elements in the organizational environment, which is known as environmental complexity (Duncan, 1972).

                        Gibbs (1994) stated that the volume and variety of environmental elements with which an organization interacts serve as a measure of environmental complexity.

What do you mean by complexity?

The phrase is typically used to describe something made up of numerous elements that interact with one another in various ways, leading to the development of a higher order of emergent properties than the sum of its parts.

                              The major objective of complex systems theory is the examination of these intricate relationships at multiple scales.

Learn more about environmental complexity

brainly.com/question/15007065

#SPJ4

The reasons mies has a comparative advantage over frank in designing skyscrapers are more experience, more natural talent, and more training.

As you might anticipate, acquired traits, qualities, or abilities are learned or honed over time as a result of your experiences. They are not innate in the sense that people do not naturally possess them, and they can change over time. Nobody is naturally quick at typing or an expert coder.

Only two factors talent and experience should be considered when choosing between candidates, and they aren't necessarily the most crucial ones. The best addition to your team, regardless of ability or background.

To kmnow more about Skills and Talent visit:

https://brainly.com/question/25440910

#SPJ4

Inventories should be recorded at the lesser of their cost or their net realizable value, according to the lower of cost or net realizable value principle.

To learn more about net realizable value principle refer to:

https://brainly.com/question/15114096

#SPJ1

There is no limit to how frequently interest could be paid. where payments are spread evenly and continuously throughout the year we say the interest rate is compounded continuously. The correct option is continuously.

Interest can be compounded continuously, meaning that interest is calculated and paid out at regular intervals throughout the year.

This means that interest is earned on previously earned interest, resulting in a greater overall return on the principal amount over time.The answer is Continuous.

The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: if you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You will wind up with $110.25 at the conclusion of the second year.

To know more about interest here

https://brainly.com/question/29480777

#SPJ4

The idea is that in order for a firm to maintain a sustainable competitive advantage, it must control a set of exploitable resources with four critical characteristics.

These resources must be (1) valuable, (2) scarce, (3) imperfectly imitable (difficult to imitate), and (4) non-replaceable. Michael Porter, a well-known Harvard Business School professor, identified three competitive sustainable advantage strategies: cost leadership, differentiation, and focus (which includes both Cost Focus and Differentiation resources). According to the value chain model, the firm is viewed as a series or chain of basic activities that add a margin of value to the firm's products or services. These activities are classified as either primary or secondary activities.

To learn more about resources, click here.

https://brainly.com/question/28605667

#SPJ4

This toolkit provides a broad overview of the processes used by businesses to interview and evaluate potential hires.

Tool kit—are those two words?

It is in fact two terms, according to the Canadian Oxford Dictionary (COD): tool kit. But in terms of aesthetics, Toolkit definitely wins. I checked Merriam-in Webster's an effort to discover evidence in favour of maintaining the word as a compound, but it just lists kit—kit, carpenter's electrician's kit, and so on. Black + Decker 20V Max Drill and Home Kit is the best overall tool set. Stanley Tool Set is the best basic tool set. The Craftsman 230-Piece Mechanics Tool Set is the best tool set for cars. Cartman's 168-Piece General Household Tool Kit is the best multipurpose tool set. The 65-Piece Homeowners Tool Set from Amazon Basics is the best compact tool set.

Know more about potential Visit:

https://brainly.com/question/4305583

#SPJ4

If the doughnut market is completely competitive and each doughnut costs 10 cents, this business should make 50 of them.

What do you mean by doughnuts ?

Doughnuts are a type of sweet, deep-fried dessert or snack food. They are usually made from a flour-based dough that is shaped into a ring or flattened sphere. The dough is then deep-fried in vegetable oil or other fat until it is golden-brown and cooked through. It is then usually glazed or topped with a variety of sweet toppings such as icing, sprinkles, or chocolate chips. Doughnuts have been around for centuries, though the modern doughnut is thought to have originated in North America in the early 19th century. They are now popular all around the world and come in a variety of shapes and sizes. Doughnuts can be served as dessert, a snack, or even as a breakfast food.

So, The required answer is that firm should produce 50 doughnuts.

To learn more about doughnuts:

https://brainly.com/question/28141186

#SPJ4

Their offerings are of similar quality to competitors' offerings but can be sold at lower prices due to lower costs  can a firm providing goods and services gain a competitive advantage. In this case, Option A is correct.

To know more about competitive advantage here

https://brainly.com/question/14420130

#SPJ4

In which of the following situations can a firm providing goods and services gain a competitive advantage?

Two processes in push phase are forecasting and inventory management, while that in pull phase are order management and last mile delivery.

Order management and last mile delivery are two processes involved in the pull strategy. Forecasting and inventory management are two processes involved in the push strategy. The push/pull boundary refers to the interface between the push and pull stages of the supply chain. The boundaries differ from one company to the next based on their supply chain strategies.

In Amazon's case, they outsource inventory management because 3rd Party sellers account for more than half of Amazon's sales, and they insource logistics to have direct control over when orders are delivered to customers. Their delivery options are a strategic differentiator and a key success factor.

To know more about push and pull factors, refer to the following link:

https://brainly.com/question/28419497

#SPJ4

The art of getting things done through people is one way to think about management.

Management is the “art of getting effects done through other people”. operation is the process by which mortal sweats are coordinated and combined with other coffers to accomplished organizational pretensions and objects. Mary Parker Follett defines management as “the art of getting  effects done through people.” “Getting effects done” means to get tasks and conditioning carried out. It implies that operation isn't a bare gospel but a largely performance-acquainted function. operation gets effects done through people, comprising of both directors, inferior and staff members. “Getting effects done” through the people is really an art, which consists of a range of skills acquired and  meliorated in the course of practice. The skills which are  needed to get effects done through people include abstract skills, specialized skills, executive skills, social chops and so on.

Learn more about management here:

https://brainly.com/question/14523862

#SPJ4

Each country spends all its time producing the good in which it has a comparative advantage. as a result, the total output of radios increased by 6.

The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage. Comparative advantage is a theory that explains why businesses, nations, or people might gain from trade.

Comparative advantage, as it relates to international trade, refers to the goods that a nation can produce more easily or at a lower cost than other nations. Even though this typically shows the advantages of trade, some modern economists now recognise that relying solely on comparative advantages can lead to resource exploitation and depletion in a nation.

To know more about Comparative advantage:

https://brainly.com/question/13221821

#SPJ4

A state of the economy known as allocation efficiency is one in which production matches consumer preferences; specifically, every good or service is produced up to the point where the final unit offers consumers a marginal benefit equal to the marginal cost of production.

Profit motive is an economic principle that ensures that scarce resources are allocated effectively.

How do resources work?

A resource is a good or asset that is employed in the production of goods and services that cater to the needs and desires of people.

In economics, the desire to maximize profits is what motivates businesses into existence. The main objective of a commercial, according to conventional microeconomic theory, is to generate revenue. To put it another way, a company's presence is intended to generate revenue. To want to make money is to be motivated by profit.

In a free market, the profit motive determines who produces what (where people freely exchange money, goods, and services). Although in theory the profit motive efficiently distributes resources, in actuality there are some problems.

To know more resource visit:

https://brainly.com/question/14630266

#SPJ4

Efficiency in production By utilizing our resources to generate more of what consumers want, economic expansion aids in reducing scarcity. reducing the cost of production by utilising our resources.

Producing at the lowest possible cost is a definition of or a means of achieving productive efficiency. Fewer resources are needed and more can be produced when production is done at a low cost. This lessens scarcity and increases our contentment with the resources we already have.

Societies can combat scarcity by expanding their supply. There will be less scarcity the more commodities and services that are accessible to everyone. Of course, expanding supply is constrained by factors like manufacturing capacity, usable land, time, and so on. Reducing demand is a further strategy for addressing scarcity.

To learn more about economic expansion here:

https://brainly.com/question/831569

#SPJ4

Earnings from long-term investments in equity securities...reported in the earnings from equity method investments account. This account is a temporary account, and is reported on the  income statement.

One of the three important financial statements, the income statement, is used to show a company's financial performance over a specific accounting period. The other two crucial statements are the balance sheet and the cash flow statement. The earnings of the company, including profits and losses, are the main subject of the income statement. An income statement, also known as a profit and loss (P&L) statement or a summary of sales and expenses, provides important details about a company's operations, the success of its management, underperforming industries, and performance relative to peers in the same industry. The income statement is a crucial component of the corporate performance reports that must be filed with the U.S. Securities and Exchange Commission (SEC).

To know more about, income statement, visit :

https://brainly.com/question/14308954

#SPJ4

The Boston Beer Company would benefit most from investing in a firm that produces flavored lemonade and has a burgeoning clientele. Therefore, choice B is the right one.

Gaining notoriety is the main goal of Boston Beer's strategy. The origins of the company's competitive edge may be traced to its ability to produce quality beer with distinctive flavors, its market-driven mindset, and its extremely effective contract brewing strategy.

One of the biggest American-owned brewers, the Boston Beer Company, is well known for its Samuel Adams line of all-malt beers. To gain input on suggested light beer offers and spot any potential issues, taste testing might be conducted.

To learn more about Boston Beer Company

https://brainly.com/question/30348836

#SPJ4

Prime cost per unit is 7. The cost of direct labour plus the cost of raw materials makes up the prime cost calculation.

Total direct manufacturing expenses, including those for labour and raw materials, are referred to as prime costs. Prime costs do not include indirect expenses like manager salary, utilities, or delivery fees. Indirect expenses like allocated factory overhead are not accounted for in the prime costs. The prime cost category often excludes administrative expenditures. This implies that, in many firms, the vast majority of the costs incurred are not prime costs. Direct product costs, which include direct labour costs and direct material costs, are combined to form prime costs. Direct labour expenses and manufacturing overhead costs are two examples of the manufacturing costs that must be incurred in order to transform raw materials into finished goods. A prime cost amount is used for "the quantities of work whose extent is recognized, but whose specification has not yet been established," according to the statement. A excellent illustration would be the brand of windows and outside doors, which has not yet been chosen.

Learn more about Prime cost here

https://brainly.com/question/26058632

#SPJ4

Last year, Barnard Company incurred the following costs:

Direct materials $ 50,000

Direct labor 20,000

Manufacturing overhead 130,000

Selling expense 40,000

Administrative expense 36,000

Barnard produced and sold 10,000 units at a price of $31 each.

Refer to the information for Barnard Company above. Prime cost per unit is

Mintzberg's findings revealed that managers often put in at least 50 hours each week. Mintzberg's findings were based on his observation of the day-to-day activities of managers.

What do you mean by Mintzberg's findings?

Mintzberg's findings were based on his observation of the day-to-day activities of managers. He concluded that managers perform ten distinct roles, which he grouped into three categories: interpersonal, informational and decisional. The interpersonal roles involve being a figurehead, leader, liaison and negotiator. The informational roles involve being a monitor, disseminator and spokesperson. The decisional roles involve being an entrepreneur, disturber, resource allocator and negotiator. Mintzberg argued that these roles, when combined, form the basis of an effective manager. His work has had a profound effect on management theory and practice, helping to shape our current understanding of the role of the manager.

So, The required answer is 50.

To learn more about Mintzberg's findings:

https://brainly.com/question/10480264

#SPJ4

If the hiking boot makers that boot prices will rise significantly in the future, it will lead to c. a decrease in boot supply. That's because the price increase will make people think about buying the product so that supply will decrease.

In economic, Price expectations generally can be defined as one factor that affects the current supply of a product or service. The condition will make the current supply will decrease If sellers expect a rise in price in the future, and  the current supply will increase if they expect a price decrease in the future.

Here you can learn more about Price expectations https://brainly.com/question/29813670

#SPJ4

It's conceivable that corporations will view Venezuela as a very dangerous place to conduct business.

It has a lower risk profile than its rivals, so it deserves more attention. For this to be a viable alternative, consensus must be established amongst senior government officials.

There is a significant unmet demand for it, hence it's worth a lot of money. As long as the company in question takes precautions to avoid dealing with corrupt officials, it is a moral place to conduct business.

A company's physical location is the place or building where its primary operations take place. A building or other physical location where the commercial activity takes place is included.

To know more about business location:

https://brainly.com/question/28579365

#SPJ4

Let's think of an example. Imagine that your professor has assigned a group project. you and your seven other group members must compose a power ...you are acting as a free rider.

The burden placed on a resource that is shared by users who aren't paying their fair part of the cost or who pay nothing at all is known as the "free rider problem."A municipal council may debate whether and how to have commuters from the suburbs pay for the upkeep of the neighborhood's roads and sidewalks in an urban setting. A public radio or broadcast station will commit airtime to fundraising in an effort to attract listeners who aren't contributing. A difficulty in economics is the free rider conundrum. It is thought to be the best illustration of a collapsing market. In other words, the distribution of commodities or services is inefficient when some people are permitted to use more than their fair part of a shared resource or pay less than their fair portion of the costs.

To know more about, free rider problem, visit :

https://brainly.com/question/29829867

#SPJ4

The likelihood that we will become entrepreneurs is better predicted by our social surroundings by generating ideas, assessing opportunities, planning, launching and growing a business.

An individual's ability to create and/or build upon previously developed ideas in order to successfully market a good or service in a cutthroat market is known as entrepreneurial behaviour. Despite the wide range of entrepreneurial behaviours one may engage in, they may often be divided into two categories: strategic entrepreneurship and effective entrepreneurship. The definition of strategic entrepreneurship is the pursuit of opportunity; it is the capacity of an entrepreneur to see an opportunity, seize it by utilising underutilised resources, and create value without regard to resources that are currently held or under control. Effective entrepreneurship aims to create money by making use of resources that the entrepreneur currently has on hand and using them wisely to assure success.

To know more about social surrounding visit:                   brainly.com/question/12313289

#SPJ4

limit the locations of companies creating negative externalities. The answer is option (c).

In order to ensure complementary uses, zoning aims to offer local and federal authorities the power to control and regulate both land and real estate markets. Zoning can also provide you the chance to speed up or sluggish down development in particular locations.

Zoning laws regulations often outline the locations where residential, commercial, industrial, or recreational activity are permitted. An R-1 residential zone would, for instance, only permit single-family detached homes rather than duplexes or apartment buildings. On the other hand, a C-1 commercial zone may be zoned to permit a mix of residential and commercial activities in one jurisdiction while allowing solely specific commercial or industrial uses in another.

To know more about Zoning laws, visit:

https://brainly.com/question/1040601

#SPJ4

the following is a characteristic that is usually associated with the management style in the united states  A emphasis on individual accomplishment and a results-oriented strategy.

are two characteristics that are typically connected to management style in the United States. In addition to a decentralized management structure that promotes decision-making at the lowest levels of the company, this frequently entails a focus on precise goals and measurements. In addition, cooperation and collaboration are frequently highly valued, and innovation and ongoing development are frequently prioritized.In addition to a decentralized management structure that promotes decision-making at the lowest levels of the company, this frequently entails a focus on precise goals and measurements.

learn more about  United States here:

https://brainly.com/question/8147900

#SPJ4

This approach classifies employees as Stars, Citizen, Lone Wolves, or Apathetic, having different behavior to the same situation.

Define low commitment?

To learn more about zone empty  refers to:

https://brainly.com/question/29653143

#SPJ4

Lone Wolves: These employees are independent and self-motivated, they prefer to work alone and often have a strong sense of individualism.

To learn more about employee refer:

brainly.com/question/1190099

#SPJ4

Pegasus writes about its target market and demographics in the situation analysis section of its marketing plan.

A marketing plan outlines the advertising tactics that a company will use to promote and advertise its goods and services. One's comprehensive company plan may include a marketing strategy. A well-written marketing plan must include a solid marketing strategy as its base in order to accomplish goals. The target market, the most effective way to contact them, the price point at which the good or service should be marketed, and the method by which the business will evaluate its performance will all be determined by the marketing strategy. Despite the fact that a marketing strategy includes a list of tasks, it is of little use to a company without a strong strategic base. A marketing plan serves as a strategic road map that companies use to plan, carry out, and monitor their marketing strategy over a specific time frame.

learn more about marketing plan here

https://brainly.com/question/29775565

#SPJ4

Answer:

I don't know

Explanation:

I don't know