The statement that gives a broad description of a firm's objectives and the scope of activities it plans to undertake known as: Mission statement 1 Vision statement Income statement (3 None of the above 4
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- Please answer all 3 subparts. 2020 Question 1 (i) The size of the board depends on: i. The size of the companyii. The industry or business sector in which it operates iii. Extent to which activities of companies are subject to regulationiv. The number of board committees A. i onlyB. i and ii onlyC. i, ii and iii onlyD. All of the above (ii) Which of the following statement is correct concerning two-tier boards?A. The management board consists entirely of non-executive directors.B. The supervisory board has the responsibility for risk management and for the preparation of the annual financial statement.C. The management board is led by the Chairman who is the CEO of the company.D. The supervisory board is responsible for managing the company. (iii) Managerial hegemony is best explained in terms of A. The provision of incentives to managers to encourage them to act in unison with the shareholder's interests.B. CEO's dominance in the director selection process and therefore control the…Indicate the section of the business plan. NO DESCRIPTION SECTION 1 Marketing strategies of the competitors Number of employees needed for the business 3 Summary of the entire business plan 4 Financial needs Estimated salary for office employees Estimated promotional expenditure Minimum qualifications for each type of employee 5 7 8. Forecasted electricity charge for the factory 9. Nature of the business 10 Inward and Outward financial flow of the business 11 Annual requirement of raw materials 12 Location of the business 13 Cost of a unit of production 14 Target sales area 15 Sales forecastQuestion 3: What are the major strategies for corporate growth; select all that apply A Vertical growth B Diagonal growth C Horizontal growth D Optimal growth
- To complete your task, you are required to choose a Start-Up business of your choice which you are going to make functional in near future. (For example, sole trading, partnership, private limited company etc.) Once you identify the type of Start-Up, business which you are going to make operational in near future. • Determine what type of internal and external information is required by your chosen business for planning, decision-making and control purposes. • Use PESTLE and Porter Five Forces framework to analyse the key factors (at least 3) that influence your organisation and how those will support business decisions.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.Question A16 (a) Identify and explain three potential barriers to marketing planning. (b) Evaluate the benefits of marketing planning to business success.
- Question 7 Which of the following statements is true of an effective business mission statement? O 1. It is stated after the details of a marketing plan are developed. O 2. It should define a business in terms of goods and services rather than in terms of the benefits customers seek 3. It is based on an analysis of anticipated environmental conditions. O 4. It is kept confidential from customers and stakeholders.Business Assignment 1. Come up with a brand name for a hypothetical product of your choice. Explain briefly. 2. Come up with a why statement for your brand. 3. Describe how your product will be differentiated from competitor products 4. Come up with a positioning statement for your brand. Which type of positioning strategy are youu using? 5. Semiotics analysis: what words or symbols will your brand be associated with. Write a list. Explain if needed. 6. Create a product map for your productCompany: Apple Inc. Product Description: Apple HomeLife Follow this Outline 1. New product overview (brief/paragraph) 2. Situation Analysis: Company SWOT analysis (not product) 3. Segmentation, Target Market Segmentation Analysis Primary Target Market Description 4. Marketing Objectives (Goals) Objectives Notes: Use “SMART” Goal setting technique. Address all 4 PsOne or two sentences per objective b. Positioning. Notes: Highlight a specific position to focus against your competitors especially the competitor you highlighted in External Environment. Include a positioning map. 5. Marketing Strategies Product/service 3 layers (list is acceptable for this section) Benefits available Promotion Use the entire promotion mix A phased approach to match the stage in the product life cycle is recommended Price Pricing chapter: Elasticity, Choose Price Strategy, Tactics for Fine Tuning the Base Price Place
- Which of the following is NOT among steps in strategic planning? Question 11 options: A) Define the mission B) Insurance estimate C) Design the business portfolio D) Setting the objectivescritique digicel mission statement "to deliver the best service and value to our customers"Managers of Best Buy had just implemented an e-commerce platform to expand their business in terms of customer base.Best Buy is a clothing retail store that offers value for money on clothing items for the family. Based on this, complete the tasks that follow. Question 2Discuss ANY FIVE (5) popular payment methods for Best Buy to include in the e-commerce platform.