Why should a firm be aware of its competitors' distinctive competencies?
What will be an ideal response?
A distinctive competence is a firm's capability that is superior to the competition. A company must be aware of its competitors' distinctive competencies in order to successfully compete in the marketplace, shaping its own distinctive competencies into differential benefits that customers desire more than they desire the benefits offered by competitors.
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What is considered the right level of a need for achievement for a leader to be successful?
What will be an ideal response?
The following information is available for Brendon Company before closing the accounts. What will be the amount in the Income Summary account that should be closed to Retained earnings? Retained earnings$112,000Dividends 32,000Fees earned 187,000Depreciation Expense-Equipment 12,000Wages expense 71,400Interest expense 3,300Insurance expense 11,700Rent expense 24,200
A. $43,000. B. $64,400. C. $80,000. D. $32,400. E. $42,400.
Correlate health and safety issues at workplace with ideals.
What will be an ideal response?
________ may be considered the advance work that must be done in order to effectively formulate and implement strategies.
A. Corporate entrepreneurship B. Strategy analysis C. Goal setting D. Organizational design