Answer:
The answers are:
- When managers come up with their own plans, they are likely to be more committed to following through on them.
- The environment is a dynamic one, and department and front line managers can come up with more responsive plans than can central leadership.
Explanation:
Personally I consider a very good idea if the Board of Governors decides to hire planning specialists to help regional or local managers develop their own plans. There are several advantages with this approach:
Regional managers know their "markets" and how to act and deal with them. I guess most of the Board of Governors is made up of wealthy or very important members, and many times their reality is very different than that of normal regular people.
Also, if regional managers can come up with their own plans, they will be extremely motivated to follow them through. They know that if something goes wrong, all the fingers will blame them.
<span>keep it small, especially in the beginning
Small businesses die when you expand too quickly in the beginning</span>
Answer:
Your entertainment price index (EPI), might fall or rise, contingent on both the quantity of the goods that you bought and the prices of these goods.
Explanation:
Price index is used extensively to estimate changes in prices overtime and are also used to measure differences in costs among different areas of countries.
Answer:
Confidence Interval is 139.04 - 142.96
Explanation:
The formula for a confidence interval is as follow:
Mean (Average price) +/- z-score x standard deviation / sqrt(n)
Formula Interpretation:
Mean = $141
z-score for 95% confidence interval = 1.96
standard deviation = $4
n = 16 --> sqrt (n) = 4
By using these inputs, we can calculate the confidence interval as follow:
141 +/- 1.96 x (4/4)
Confidence Interval is 139.04 - 142.96
Answer:
The correct option is D. integrated cost leadership/differentiation
Explanation:
Integrated cost leadership/differentiation is a business level strategy where differentiated products are offered in market at low cost.
Differentiated product signifies the unique characteristics the customer values and cost leadership signifies that the product is offered at the lower-cost, i.e., at a margin just above average costs.
It is useful in gaining wide customer base especially in a global frontier.
