What are the four directional strategies that firms use to meet their objectives? For each strategy also provide a short scenario.
What will be an ideal response?
The four directional strategies that firms use to meet their objectives are
1. Concentration strategies focus on what a company does best within its established markets.
2. Internal growth strategies focus on market development, product development, innovation, or joint ventures.
3. External growth strategies are used by companies that attempt to integrate horizontally or vertically or to diversify.
4. Divestment strategies involve retrenchment, divestitures, or liquidation.
Each scenario will vary.
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Excerpts from Colter Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$92? $122? Accounts receivable, net 104? 114? Inventory 176? 166? Prepaid expenses 42? 42? Total current assets 414? 444? Total current liabilities$328? $300? Sales on account in Year 2 amounted to $1260 and the cost of goods sold was $750.The current ratio at the end of Year 2 is closest to:
A. 1.21 B. 0.36 C. 0.42 D. 1.26
Welch Inc. has used a fiscal ending September 30 as its taxable year since its incorporation in 1988. The shareholders have decided to shut down Welch's business and dissolve the corporation on March 31. Which of the following statements is false?
A. Welch's final tax return will include its income from January 1 to March 31. B. Welch's final tax return will be a short-period return. C. Welch's final tax return will include its income from October 1 to March 31. D. None of the above is false.
All of the following are costs of credit EXCEPT
A) bad debt losses. B) credit analysis expenses. C) lost revenues when customers do not take advantage of trade discounts. D) the increased investment in accounts receivable.
Briefly define patent, copyright, and trademark, and explain how long they last.
What will be an ideal response?