Please do not give solution in image format thanku Select the best answer for the question.1. Your organization has computerized its accounting department, which means that many long-time employees of the department are no longer needed. At the same time,both the sales and the marketing departments are experiencing staff shortages. According to your text, the best strategy would be toO A. transfer the excess staff from accounting to the sales and marketing departments.O B. outsource the sales and marketing functions to foreign countries.O C. terminate the excess staff in accounting and hire additional employees for sales and marketing.O D. terminate the excess staff in the accounting department and pay overtime to the staff in sales and marketing,

Technological developments have become essential to simplifying operations and increasing efficiency…

Answered: 1. Your organization has computerized…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A company that pursues and achieves strategic objectives: Answer C) is frequently in a better position to improve its future financial performance because of the increased competitiveness that flows from the achievement of strategic objectives. D) is likely to be a weak financial performer because diverting resources to the pursuit of strategic objectives takes away from the achievement of financial performance targets. B) is generally not strongly focused on its true mission of making a profit. A) is likely to weaken the achievement of its short-term and long-term financial objectives.
There are so many avenues through which the concepts of strategic management could be applied in real life. These include; the development of a strategic plan, development of a business plan, development of business case reports, and development of stakeholder engagement plans among others. One key task that is required by the strategist to perform in developing any of the aforementioned documents is the “design of a business model” for the business in question.Required:a. With reference to the business model canvas (as discussed in class), illustrate how the nine (9) elements interact in ascertaining how a business can sustainably generate revenues.
1. Descriptive analysis: What are the profitability benefits for Apple to engage in the following Short Term Business Decisions: a. Make or Buy b. Keep or Replace c. Accept or Reject Special Sales order
d. Time consuming and the need to continually develop new capabilities The primary aim of strategic management at the business level is: Select one: t of O a. Maximizing risk to return trade-offs through diversification O b. Achieving competitive advantage estion O c. Achieving a low-cost position O d. Maximizing differentiation of products and/or services
When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a: a. market niche strategy. b. process efficiency strategy. c. product differentiation strategy. d. mass customization strategy. All of the following are considered primary activities of a firm except: a. sales and marketing. b. procurement. c. outbound logistics. d. inbound logistics.
Driving-forces analysis typically does not include determining whether forces are acting to make competition more or less intense. O determining whether forces are acting to strengthen or weaken market demand. ○ determining whether forces are acting to cause fundamental changes in industry conditions and/or the industry's competitiveness. ○ determining whether forces are acting to cause industry rivals to shift to a different strategic group. ○ determining whether forces are acting to raise or lower industry profitability.
John Ozment, director of special projects and analysis for Ozment’s Corporation, is responsible for preparing corporate financial analyses and monthly statements and reviewing and presenting the economic impacts of proposed strategies to upper management. Data for such financial analyses are obtained from operations and financial databases through direct queries of Ozment’s department staff. Reports and charts for presentations are then prepared by hand and typed. Multiple copies are prepared and distributed to various users. The pressure on Ozment’s group has intensified as demand for more and more current information increases. A solution to this reporting problem must be found.The systems department wants to develop a proprietary software package to produce the reports automatically. The project would require the company to make a considerable programming investment. Ozment is concerned about the accuracy, completeness, and currency of data isautomatically produced reports. He has…
Required: ii) Assuming you and your friend decided to go ahead and start this business, identify specific tpes of financial and nonfinancial information that would be required to run this business effectively. Please give me the correct answers from experts. Shorts and simple . Briefly. ########################### correct answers from experts.
Which of the following statements is an advantage of related diversification strategy? a. Related diversification strategy can allow a sick or dying company to use capital generated in a profitable division to prop it up for a short period of time. b. Related diversification strategy allows a firm to maintain several businesses that are not connected in any way. c. The sharing of resources is a key component of developing economies of scope and often increases a firm’s competitive advantage. d. Related diversification strategies often achieve financial economies through the restructuring of business units.
3. Explain horizontal and vertical analysis and when you would use one over the other.4. Discuss a money management challenge in a business setting and how you would overcome it.
Two of the five competitive forces that shape a company’s strategic activities are: a.The bargaining opportunities of buyers and sellers. b.The intensity of support among existing competitors. c.The opportunities for new entrants in the market. d.The bargaining power of buyers and sellers. According to Porter, select one of the major forces that shape the strategy of a company. a.The threat of suppliers in the market. b.The bargaining power of buyers only. c.The threat of new entrants in the market. d.The bargaining power of new entrants. Which business process exposes obvious areas for improvement? a.The work system process. b.The value chain process. c.The as-is process. d.The to-be process. What type of information system would provide critical information from a wide variety of internal and external sources? a.Management information system. b.Executive information system. c.Knowledge management system. d.Strategic information system.
Suppose you work at a clothing manufacturing company. When developing a sourcingstrategy, it is important to consult the strategy sourcing mix. To better understand the strategic sourcing mix in relation to the clothingmanufacturing company, provide original examples for: Routine items Leverage itemsYou are required to explain why each of your examples justifies the respectivecategorisation.

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