How can strategies help a small business reach its mission?
What will be an ideal response?
Strategies are the means by which the mission and objectives sought by a small business can be achieved. To be most effective, strategies should give a business a competitive advantage in the marketplace. They should combine the activities such as marketing, production or operations, research and development, finance, and personnel in order to use the firm's resources more effectively.
You might also like to view...
______ is a neutral third party who resolves a conflict by making a binding decision.
A. Arbitrator B. Mediator C. Collaborator D. Handler
A company has net sales of $1,831,800.00 and average accounts receivable of $426,000.00. What is its accounts receivable turnover for the period?
A. 4.30 B. 0.33 C. 78.20 D. 7.60 E. 23.90
The Oxo family starred in one of the most famous, and long running, ad campaigns in the UK. It showed the family in typical situations, usually culminating in them sitting down to eat an Oxo inspired meal. What kind of creative execution is this?
a. animation b. demonstration c. problem solution d. slice of life e.celebrity
If the borrower is unable to pay the mortgage, the mortgagee has the right to:
a. fore-close on the property b. obtain 50% of the value of the property from the borrower c. take all of the borrower's tangible possessions d. have the borrower put in prison e. none of the other choices are correct