a от JOD s, you ask recruiters to describe the missions of their companies. One says, "To make profits." Another says, "To create customers." The third says, "To fight world hunger."
a от JOD s, you ask recruiters to describe the missions of their companies. One says, "To make profits." Another says, "To create customers." The third says, "To fight world hunger."
Understanding Management (MindTap Course List)
10th Edition
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Richard L. Daft, Dorothy Marcic
Chapter1: The World Of Innovative Management
Section: Chapter Questions
Problem 2ED
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Question
How each of the statements reflects the company?
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How would you expect this situation to affect the assessment of Eastern’s financial condition and performance?
Although nonquantitative factors may be relevant to a company’s financial evaluation in general terms, the details of this specific situation are not relevant to the firm’s financial condition or performance.
Its one-product strategy increases Eastern’s efficiency and will ensure its long-term financial success. Although its profits are declining now, these efficiencies will ensure the company’s long-term success.
Eastern’s profits will continue to decline, and the company’s survival is in jeopardy if it does not create a new product with more potential for market growth.
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