Answer:
The answer is D.
Explanation:
Strategy is set of goals. Strategic action can be done but not quickly. Tactics are the specific actions one undertake to actualize the strategy.
Also, Strategy defines long-term goals and how you're planning to achieve them. Mission statement, vision statement are all part of a firm's strategy. For example, entering a new foreign market is a strategic action/plan. Tactics are specific and are short-term goals.
Answer:
switch away from growing soy beans and growing corn
Explanation:
if the price of corn increases,it would be an incentive for farmers to increase their production of corn so as to increase their profits.
Answer: D. Daniel, who has worked his way up from entry-level to manager of Cecily's team within the last five years.
Explanation:
Daniel would be in the best position to help her out of all her colleagues because he started from where she started and has now grown to a higher level. He has also been at the company for a long time and knows how things work.
His advice and mentorship woth good intent, will provide Cecily with valuable help in moving forward because she would have a person who has already trodden the path for her and knows what to do and what not to do.
The other options have either not stayed in the job long enough or have stayed in the job for too long to be the best mentors.
Answer:
D. Daniel, who has worked his way up from entry-level to manager of Cecily's team within the last five years.
Explanation:
If you buy a new video game, you cannot pay your cell phone bill. This is an example of...
setting a long term goal
setting a short term goal
realizing opportunity cost
Answer:
realizing opportunity cost
Explanation:
Opportunity cost is a dilemma where consumers need to choose what to do with their money. To buy something he or she wants, he or she necessarily needs to forgo other possible ways to spend their money. This is because consumers have a financial constraint, meaning they can't buy everything they want. Thus, the opportunity cost of buying a video game is all that one fails to buy with the money spent on buying the video game. For example, he or she could take a trip, buy an outfit etc. Thus every consumer choice involves an opportunity cost. In the narrated case, if he buys the video game, he will not have money to pay the phone bill. Being without a phone is very bad, so the opportunity cost in this case is high as it affects the welfare. Given this, the consumer will decide according to the usefulness of the video game and the mobile phone. Then he will choose to use the money for whatever brings him the most satisfaction and well-being.
Realising opportunity cost?
A brief form of communication typically used in businesses is known as a memo. Memos are concise and direct pieces of communication used for internal dissemination of information, such as instructions, updates, or notifications.
In the business environment, brief written communication is usually referred to as a memo, short for memorandum. Memos are used for various reasons such as notifying employees of changes, providing updates, and giving instructions. It's a form of communication that is both concise and direct, typically used within an organization to communicate information quickly and efficiently.
Memos have an important role in maintaining effective communication in a work environment. While emails are also used for internal communication, memos tend to be more formal and are often used when the information being communicated is of significant importance or needs to be documented for future reference.
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