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- 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.19 - Which of the following is the problem of a firm's lack of performance standards? a) Performance results are mixed. B) It is difficult to determine the timing of the performance. NS) Performance criteria are compared. D) It remains unclear on what basis the performance will be evaluated. TO) The situation arises as to who will measure performance.Why two out of five salespersons have resigned within six months of joining thecompany” asked marketing director to the sales manager, Sunil Kumar of Swish FlowLtd. “I think, there is something wrong with our staffing process, “responded SunilKumar, without knowing the real reasons for the turnover of salespeople.Swish Flow Ltd started manufacturing and marketing consumer durables like fansand water purifiers for household consumers and commercial firms in 1993. Thesales and marketing office was in Mumbai, the commercial capital of India. Swishflow was a newly established company and for its first year of operations, thecompany decided to recruit five salespersons to cover major metros and cities ofMaharashtra. The staffing process included the sales manager deciding the jobqualifications salespersons based on what he learnt in the MBA programme. Theadministration manger was asked to place the advertisement in the localnewspapers. The resumes of applicants were forwarded to Sunil…
- 11th - Which of the following is a concept that means determining how much to be paid for one job relative to others within the enterprise? a) Pay level B) situational charge NS) wage income D) Minimum wage TO) Fee structure{Auditing} 31. Which of the following options can be classified as the verification of the operations within the business by a specially assigned staff? a. Annual Audit b. Internal Audit c. External Audit d. AccountancyAli has been given the task of arranging for five-day training for foreign delegates. In order to ensure smooth functioning of the event, he has appointed one person in accounting department. Identify the nature of manager of accountant appointed in this situation. a. Staff b. Middle Staff c. Top Line d. Line
- Consider the following series of independent situations in which a firm is about to make a strategic decision. LOADING... (Click the icon to view the decisions.) Requirements 1. For each decision, state whether the company is following a cost leadership or a product differentiation strategy. 2. For each decision, select what information the managerial accountant can provide about the source of competitive advantage for these firms. Requirement 1. For each decision, state whether the company is following a cost leadership or a product differentiation strategy. Decisions a. A running shoe manufacturer is weighing whether to purchase leather from a cheaper supplier in order to compete with lower-priced competitors. ▼ b. An office supply store is considering adding a delivery service that its competitors do not have. ▼ cost leadership strategy product differentiation strategy c. A regional retailer is deciding…18 Which of the following statements is true with respect to Freddie Mac's and Fannie Mae's automated underwriting systems? A) Each system has the same approval guidelines. B) Each system underwrites loan applications differently. C) Each system will inform the mortgage loan originator when to process the loan through the other's system. D) Only Freddie Mac's automated underwriting system will accept blended ratios.1. Create a Pineapple Jelly which is superior to leading brands on the market. 2. You are to prepare a FLOW CHART/SCHEME of your production and present it. 3. Identify all ingredients and processing steps in the manufacture of your product. 4. Your product must have customer appeal as well as follow all MSDS and OHSE stipulations regarding commercial food products.
- 1. The Production/Operations function is considered as the core function of the organization because: A. It’s the function directly responsible for converting inputs into outputs of good and services B. Most of the controllable assets of the organization are allocated to it C. Both A and B D. Neither A nor B 2. The user-based definition of quality is meaningful to A. Product designers B. Marketing personnel C. Production personnel D. Customer 3. This is much broader and long-term than competitive advantage. A. Comparative advantage B. Economic advantage C. Absolute advantage D. Strategic advantage1. the part of the business organization that is responsible for producing goods and services. a. marketing b. finance c. operations d. operations management1. For each numbered (1-10) performance measure characteristic, select the appropriate lettered (A-J) descriptor that best explains the characteristic. 1. Financial _____ A. Readily quantified 2. Internal _____ B. Monetary units 3. Mandatory _____ C. Processes and capabilities 4. Lead _____ D. Performance drivers 5. Objective _____ E. Required by regulator 6. Nonfinancial _____ F. Discretion of management 7. Subjective _____ G. Nonmonetary units 8. External _____ H. Customers and shareholders 9. Lag _____ I. Judgment based 10. Optional _____ J. Outcome results