Fundamentals of Planning A mission statement expresses an organization's reason for being. A vision statement expresses what an organization wishes to become. These mission and vision statements then drive strategic planning, tactical planning, and operational planning. This activity is important because proper planning is essential for providing an organization with the direction and momentum it needs to reach its goals and develop a sustainable competitive advantage. The goal of this exercise is to help you to recognize what mission and vision statements, and the three levels of planning, look like in action, and to see how they relate to one another in an organization.Dalton Skot is the CEO and president of a midsize fishing lure production company. The company has been very successful since its founding five years ago. Dalton has stated that his company makes professional-quality products that are accessible to the recreational angler. A recent article in a popular business magazine quoted him as saying, "The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it." The company has worked to keep control of the business in the family. The vice president of operations, Cooper Skot, is Dalton's brother, and the new product development manager is his sister, Sloan Skot. Dalton and Cooper have big plans to grow the company by 50 percent over the next five years. Sloan says her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Some of her special project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down. It looks like the company has done some serious planning to support its "tall tale" of success. Match each term with the correct statement or level of management planning. a. Tactical Planning b. Vision Statement c. Mission Statement d. Operational Planning e. Strategic Planning Match each of the options above to the items below. 1. His company makes professional-quality products that are accessible to the recreational angler. 2. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it. 3. To grow the company by 50% over the next five years.4. Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. 5. Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.

Why should you encourage Derin to use is that groups look for reasonable decisions. Thus (A) is the right answer.

A session can start with each participant introducing themselves and explaining why they are participating in group therapy. The members could also discuss their advancements and experiences since the last gathering.

The group's objectives and the therapist's approach will both have a significant impact on how the session is run and any activities that may be involved in group therapy.

Some therapists may advocate a more spontaneous form of conversation in which each participant contributes as they see fit. Some therapists have a set agenda for every session, which may involve having participants practice new skills with other group members.

Learn more about Group Therapy , from :

brainly.com/question/30011448

#SPJ1

The after-tax cash flow is the amount of cash generated by a business or an investment after accounting for all taxes paid on income or gains.

It represents the net income or cash flow available to the owner or investor after taxes have been deducted.

To calculate the after-tax cash flow, one needs to subtract all applicable taxes from the gross income or cash flow generated by the business or investment. This results in the net income or cash flow, which is then available for distribution to the owner or investor as after-tax cash flow.

The calculation of after-tax cash flow is an important consideration for investors and business owners, as it provides a more accurate measure of profitability and return on investment Corporation, taking into account the impact of taxes on their financial results.

learn more about Corporation here

https://brainly.com/question/15585985

#SPJ4

The statement is True. According to the resource-based model, a firm is assumed to be a unique bundle of resources, capabilities, and competencies

The resource-based model of the organization is valuable in creating keys for organizations with a solitary business, yet additionally for broadened organizations as it uncovers how centre skills implanted in an organization can assist them with taking advantage of new item open doors and markets.

An upper hand is any trait of an organization, nation or individual that separates it from others, putting it in a better relative situation than contend. That is, any property that makes it more aggressive than the others.

The characteristics that add to enjoying a relative benefit are endless. In any case, we can refer to as an illustration the worthwhile admittance to regular assets, (for example, high-grade minerals or minimal expense energy sources), profoundly talented work, geographic area or high obstructions to passage, which can be improved assuming that we have an item that is hard to copy or we have an extraordinary brand.

It has been viewed that the principal wellspring of the upper hand is gotten from the experience impact which has its starting point in the learning impact.

The experience impact causes the experience gathered by the organization to diminish in unit terms the genuine expense of the all-out added worth of the organization. The experience impact is a serious area of strength for a section for new contenders. The presence of this section's hindrance addresses a strong upper hand for the organization that collects more experience impact.

Know more about The resource-based model - https://brainly.com/question/15079391

#SPJ4

When there is a development of concessions made during talks, the parties feel better about the result. It is assumed that the return offer will be for the same thing or something with a similar weight and magnitude if a big concession has been made.

The resistance point is the place where a negotiator wants to call the conversation to a close. Positive settlement ranges are immediately apparent in negotiations. When there is a development of concessions made during talks, the parties feel better about the result. The amount a buyer is willing to offer and the amount a seller will take are referred to as a settlement range. If there is a place where the two settlement ranges overlap, that is where the ZOPA is located.

Learn more about parties here:

https://brainly.com/question/891917

#SPJ4

The term most closely associated with cellular manufacturing is Option (A) which is "part families".

Cellular manufacturing is a production system that organizes machinery and equipment into cells or groups, based on the specific products they are designed to produce. The goal of cellular manufacturing is to create a more efficient and flexible production process that can quickly adapt to changing customer demands and market conditions.

Part families refer to groups of parts or components that have similar characteristics or require similar production processes. By organizing equipment and machinery into cells based on the production of specific part families, cellular manufacturing can improve production efficiency, reduce lead times, and increase product quality.

For more such questions on Production System: brainly.com/question/29897136

#SPJ4

A joint distribution summarizes the information from one variable ONLY, without considering ANY information from another variable.

The joint distribution is primarily based on joint probabilities. This also means that it can be simply defined as the probability that two events, also called variables, will occur at the same time by chance.

These two events are commonly referred to as Event A and Event B, so we can formally write:

p(A and B).

It can also be defined as a bidirectional frequency table. H. A table showing the frequencies or "counts" of two categorical variables.

Similarly, a joint probability distribution is a description of the probability that a particular individual will take her two particular values ​​for a variable.

To learn more about joint distribution, here:

https://brainly.com/question/25417158

#SPJ4

Complete question:

a __________ distribution summarizes the information from one variable only, without considering any information from another variable.A. conditioning distributions

B. Association

C. Marginal Distribution

D. Mosaic Plot

E. Joint

A manufacturer reports sales of---------------.

Sales Revenue = $88,000, COGS = $71,280

Gross Profit = Sales Revenue - COGS = $6720

Gross profit is a financial metric that represents the difference between a company's revenue and the cost of goods sold (COGS). It is a measure of the profitability of a company's core business operations, excluding other expenses such as overhead and taxes.

COGS includes all of the direct costs associated with producing and selling a company's products or services, such as the cost of raw materials, manufacturing expenses, and shipping and handling costs.

In the above case of   manufacturer, his gross profit is $6720.

Learn more about Gross Profit  here:

https://brainly.com/question/29795554

#SPJ1

If enforcement is aimed at buyers of an illegal good, the result can be a decrease in demand for the good.

This is because if consumers are being targeted, they'll be much less probable to purchase the unlawful good, as they fear the effects of getting caught. This lower in demand will ultimately cause a lower in the brief-run deliver of the good, as producers can have fewer customers to sell to.

Similarly, the reduced demand and supply will likely result in an growth within the charge of the good. that is due to the fact the illegal nature of the good limits the number of providers who are inclined to take at the chance of producing and distributing it.

As a end result, the providers who are willing to take in this risk can be able to charge better charges, specifically within the short run when the deliver is restrained.

Learn more about Illegal Goods production:-

https://brainly.com/question/4653612

#SPJ4

Assuming an exchange rate of 1 euro to 1.13 US dollars, we can use the following formula to convert 10000 euros to dollars:

10000 euros x 1.13 US dollars / 1 euro = 11,300 US dollars

To convert 10000 euros to dollars, you need to know the current exchange rate between the euro and the US dollar. Exchange rates fluctuate constantly, so it's essential to use the most up-to-date rate for an accurate conversion.

Therefore, if the current exchange rate is 1 euro to 1.13 US dollars, 10000 euros are equivalent to approximately 11,300 US dollars.

It's essential to note that exchange rates are subject to fluctuations, and the actual amount may differ depending on the exchange rate at the time of conversion. Additionally, when converting large amounts of currency, it's crucial to consult with a financial professional to ensure that you get the most accurate and favorable exchange rate.

To learn more about currency click on,

https://brainly.com/question/1795397

#SPJ4

It is important for salespeople to while waiting to see buyers strike up conversations with other sales representatives. The correct option is a.

Promotion serves as a conduit of communication between buyers and sellers. It is the process of informing, convincing and influencing a consumer’s decision to purchase. Media advertising, direct mail, personal selling, sales promotion, and public relations are examples of promotional activities.

An in-person discussion of business between a salesperson or sales team or one or more buyers. The sales conversation. Business conversations occur between buyers and sellers as salespeople attempt to introduce, develop, and improve customer relationships.

Thus, the ideal selection is option a.

Learn more about buyers and sellers here:

https://brainly.com/question/30587421

#SPJ1

A shopping mall, E-bay as well as swap meet are all considered as a market.

The correct option is option d.

In economics, a market is basically described as a composition of institutions, procedures, systems, social relations as well as the infrastructures wherein the parties basically engage in some kind of exchange.

While these parties might be exchange goods as well as services by barter, most of the markets basically rely on the sellers which offer their goods or their services which include the labor power to the buyers in exchange of their money. A shopping mall, a swap exchange as well as E-bay can be categorized as a market.

Hence, option d is correct.

To know more about market

https://brainly.com/question/19054357

#SPJ4

--The given question is incomplete, the complete question is

"Which of the items listed fit the definition of a market?

a) Ebay

b) Shopping mall

c) A swap meet

d) All of the above"--

Bench marking is a process of observing, comparing, and analyzing the practices, processes, and performance metrics of a competitor in order to identify areas of potential improvement and increased productivity.

A competitor is any entity that competes with another for the same resources, customers, or market share. It can be a business, organization, individual, or even a concept. Competitors are essential to a successful business strategy, as they push the company to remain competitive and improve. Competition can come from a variety of sources, such as existing competitors, new entrants to the market, or even from within the company. Companies must identify their competitors and monitor their strategies in order to remain competitive and relevant in the market. They also need to understand their competition’s strengths and weaknesses in order to develop their own competitive strategies and stay ahead of the competition.

To learn more about competitor

https://brainly.com/question/28902069

#SPJ1

Answer:

The best strategy for dealing with gossip in the workplace is to excuse yourself and leave when gossip occurs. This will help you avoid any further involvement in the situation, as well as prevent you from being seen as someone who tolerates or encourages gossiping.

Answer:

c

Explanation:

Excuse yourself and leave when gossip occurs

The relationship between wants and resources is fundamental to economics, and it underlies the choices that individuals and societies make to allocate resources to satisfy their needs and desires.

The relationship between wants and resources is central to the study of economics. Wants are the desires or needs that individuals, households, and societies have for goods and services, while resources refer to the means available to produce goods and services, including natural resources, labor, capital, and entrepreneurship.

In an ideal situation, wants and resources would be perfectly matched, and individuals and societies would be able to satisfy their needs and desires fully. However, in the real world, resources are often scarce, which means that individuals and societies have to make choices about how to allocate resources to satisfy their most pressing wants.

Economics seeks to understand how individuals and societies make these choices by studying the relationship between wants and resources. This relationship is reflected in the concept of opportunity cost, which refers to the value of the next best alternative that must be foregone to obtain a particular good or service. In other words, when resources are scarce, satisfying one want typically means giving up the opportunity to satisfy another want, and the cost of doing so is the foregone alternative.

For more such questions on resources

https://brainly.com/question/25803580

#SPJ4

Option c is Correct. The following best describes the retention ratio is right is addition to retained profits divided by net income.

The retention ratio may be calculated easily by dividing a company's retained income by its net income. The percentage of profits held back in the company as retained profits is known as the retention ratio. The percentage of net income that is kept in the company rather than distributed as dividends is known as the retention ratio.

The percentage of net income that the company has available to support future growth is known as the retention ratio. Which of the ensuing assertions is accurate? Fast-growing and lucrative businesses might figuratively "become bankrupt" due to necessary financial investments in present assets.

Learn more about retention Visit: brainly.com/question/29547392

#SPJ4

False, being a spender has no many more positives than being a saver.

Being a spender allows individuals to enjoy life now rather than waiting for retirement. Spending can also help stimulate the economy, as it helps drive business growth and job creation. Individuals who are spenders may also be more likely to take risks, which can lead to greater rewards.

Additionally, spending can help individuals build relationships by taking part in activities with friends and family. Finally, spending money on experiences can help create memories that last a lifetime.

Experiences help shape our lives, and can even shape our identities. Experiences can also be shared, allowing us to connect with friends and family. Whether it's a trip to a foreign country, a sporting event, or a night on the town, spending money on experiences can provide a lifetime of memories.

To learn more about spender link is here

brainly.com/question/27665062

#SPJ4

Moving first pays dividends when the extra time is used to produce essential resources that are valuable, uncommon, difficult to duplicate, and non-replaceable. Anything less puts the operational effectiveness arms race at risk.

Your company may have a chance if you can develop resources like brand, scale, network effects, switching costs, or other essential assets. Yet if you misjudge the market or execute poorly, failure or direct competition are waiting. There isn't much magic in eBay's servers, Intel's processors, Oracle's databases, or Microsoft's operating systems that earlier competitors haven't at some point improved upon. This is true of the majority of technology. Yet, the advantage that each of these tech-enabled businesses had was used to generate network effects, switching costs, data assets, and to contribute to the development of strong.

Learn more about Moving first here:

https://brainly.com/question/14317046

#SPJ4

The total amount of goods and services that can be purchased with the given amount of money can be used to calculate the currency's purchasing power. Purchasing power decreases as price levels rise and vice versa.

The preservation of the purchasing power of money is the responsibility of both monetary and fiscal policy. A consumer's purchasing power is a measure of how much money they have available to spend. Purchasing power is impacted by the economy. For instance, if prices drop, consumers will have more purchasing power. Consumers' purchasing power increases if the dollar's value rises in relation to other currencies.

To learn more about Purchasing, click here.

https://brainly.com/question/24112214

#SPJ4

Assuming you have different debts that you owe, there are a few procedures you can use to kill them. Like Snowball Technique, Avalanche  Strategy, Debt Consolidation, and Seek Professional Help.

With the Snowball Strategy technique, you centre around taking care of your littlest debts first while making the least instalments on your different debts. When you take care of the littlest obligation, you then, at that point, continue on toward the following littlest obligation, etc until all obligations are paid off. This strategy can assist with gathering speed and inspiration as you see improvement in taking care of your obligations.

With the Avalanche Method technique, you center around taking care of the obligation with the most noteworthy financing cost first while making the least instalments on your different obligations. When you take care of the greatest loan fee obligation, you continue on toward the obligation with the following most elevated financing cost, etc until all obligations are paid off. This strategy can set aside you cash in revenue charges over the long run.

With the Obligation Combination technique, you join every one of your obligations into one advance or Mastercard with a lower loan cost. This can improve on your installments and possibly get a good deal on interest charges.

Look for Proficient Assistance: On the off chance that you are battling with numerous obligations and finding it challenging to make installments, you might need to think about looking for proficient assistance from a credit guide or monetary counselor. They can assist you with fostering a customized plan to dispose of your obligations and advance your monetary circumstance.

At last, the best system to dispense with your debts will rely upon your singular conditions, including the sorts of obligations you have, your pay, and your in general monetary objectives. It's essential to investigate as needs be and consider all choices prior to picking a system that turns out best for you.

Know more about Debts - https://brainly.com/question/29804650

#SPJ4

Paying dividends one of the following would cause a cash outflow from a corporation. The correct option is b.

Cash inflow is money coming into a business from sales, investments, or financing. It is the inverse of cash outflow, which is money leaving the business. The ability of a company to generate positive cash flows determines its ability to create value for its shareholders.

Dividends are a method of distributing a company's profits to its shareholders. Shareholders provide capital to the business, and dividends are their reward for the capital provided and the risks taken. Dividend payments are thus classified as a cash outflow from financing activities.

Thus, the ideal selection is option b.

Learn more about cash inflow here:

https://brainly.com/question/10776890

#SPJ1

The present value of the $50,000 per year for 30 years payment stream at an interest rate of 6% per annum is $908,661.50.

Interest rate is the cost of borrowing money, or the rate of return from investing money. It is expressed as a percentage of the principal, or original amount borrowed or invested. Interest rates are determined by a variety of factors, including economic conditions, inflation, the amount of money banks have available to lend, and the creditworthiness of the borrower. Low interest rates encourage borrowing and spending, while high interest rates slow down economic activity. Central banks, such as the Federal Reserve in the United States, use interest rates to influence economic activity and fight inflation.

Present value is the current value of future payments. It is calculated by discounting the future payments with an interest rate.
Using the formula PV = FV/(1+r)^t, where PV is the present value, FV is the future value, r is the interest rate and t is the time period, we can calculate the present value of the payment stream.

To learn more about Interest rate
https://brainly.com/question/25816355
#SPJ1

Maquiladoras are factories or production facilities in Mexico.

Maquiladoras were initially created in the 1960s as a strategy to combat unemployment and promote foreign investment. As a result, they frequently work close to the boundary between the United States and Mexico. Businesses that use the maquiladora model can profit from a variety of advantages. The majority of the time, these companies export their goods outside of Mexico.

It is up to the Mexico Secretary of Economy to decide whether a facility qualifies as a maquiladora. This official designation is significant because it entitles the factory to duty-free imports and unrestricted foreign investment. Imports that are duty-free include machinery used in the manufacturing process as well as raw and semi-finished goods that are delivered after production or assembly.

Learn more about Maquiladoras-

https://brainly.com/question/3778366

#SPJ4

The correct option: a. tangible or intangible. All resources are categorized as "tangible or intangible" according to the resource-based approach.

Tangible assets:

Intangible asset:

Thus,  All resources are categorized as "tangible or intangible" according to the resource-based approach.

To know more about the intangible resources, here

https://brainly.com/question/14806916

#SPJ1

Deterioration of the body. Physical depreciation is the regular deterioration that assets go through over time. Physical deterioration is the type of depreciation that is the most visible because, well, you can see it.

You experience physical degradation when your upkeep does not keep up with normal wear and tear. It is a value loss brought on by the effects of the elements and all forms of aging. Extreme differences exist between states in how they evaluate salvage value, also known as the floor value, and depreciated property. Assets lose value during the course of their life cycle, and physical depreciation tables make an effort to calculate this loss over the course of an asset's useful life. In some situations, such as with hotel furniture in the bedrooms or retail store shelving, depreciation might happen more quickly.

Learn more about Deterioration here:

https://brainly.com/question/1041649

#SPJ4

(d) Price effect is the term that describes this type of reaction to a tax rate increase.

When Congress increases the income tax rate such that Song's average tax rate increases from 20 percent to 25 percent, it means that Song will pay more taxes for the same level of income. As a result, the net income (i.e., after-tax income) that Song receives for each dollar of work done decreases. This change in the net income per dollar of work is known as the price effect, which is the term that describes this type of reaction to a tax rate increase.

The substitution effect refers to the tendency of individuals to switch to alternative goods or services that are less expensive when the price of a good or service increases. The budget constraint refers to the limitations on an individual's consumption choices due to the finite amount of money or resources available. The endowment effect refers to the tendency of individuals to overvalue items that they possess simply because they possess them. The income effect refers to the change in an individual's consumption patterns resulting from a change in their purchasing power.

To learn more about tax rate here:

https://brainly.com/question/26297550

#SPJ4

Option first is correct. Low-tech High-tech Customer segments to which your company sells products.

The term business-to-consumer (B2C) refers to the process of selling products and services directly between a business and the consumer, the end user of that product or service. Most companies that sell directly to consumers are B2C companies.

B2C was very popular during the dot-com boom of the late 1990s, used by online he merchants who sell products and services to consumers, primarily through the Internet.

As a business model, business-to-consumer is very different from the business-to-business (B2B) model, which refers to transactions between two or more businesses. Business-to-consumer refers to the process by which a business sells products or services directly to consumers without intermediaries.

B2C usually refers to online merchants who sell products and services to consumers over the Internet. Online B2C has become a threat to traditional retailers who profit from adding markup. But companies like Amazon, eBay, and Priceline thrived and eventually became industry disruptors. 

Know more about segments here:

https://brainly.com/question/28964140

#SPJ4

The correct option is C,Within the first few days of starting your new job.When a company extends a job offer to a aspirant.

It's common practice to give them with paperwork related to impositions, health insurance, and other benefits shortly before or during their first numerous days on the job. This is because the candidate has formerly accepted the job offer and will soon be starting work. At this point, the employer will need to gather information from the hand in order to enroll them in company benefits programs and ensure they are set up for payroll and duty purposes.

By completing these forms within the first numerous days of employment, the hand can begin entering any available benefits and ensure that their pay is properly reused from the launch.

To learn more about Hiring process:

https://brainly.com/question/30782241

#SPJ4

The correct option is C, 30 second is an elevator pitch.

An elevator pitch is a concise and compelling summary of a business idea, product, or service that is designed to spark interest and capture attention. It is called an elevator pitch because it should be able to be delivered in the time it takes to ride an elevator with a potential investor or customer.

An effective elevator pitch should convey the passion and excitement of the entrepreneur, and demonstrate an understanding of the target market and competitors. It is a critical tool for entrepreneurs, as it can be used in networking events, meetings, and presentations to get buy-in from stakeholders and generate interest in the business.A well-crafted elevator pitch should convey the key benefits and unique selling points of the offering and leave a memorable impression on the listener.

To learn more about Elevator pitch visit here:

brainly.com/question/3956026

#SPJ4

The Grange, also known as the Patrons of Husbandry, was established in 1867 as a part of the national grange movement.

The Grange, formerly known as the Patrons of Husbandry, was a group established in the late nineteenth century to help farmers with the different issues they encountered. The Grange was established in 1867 by Oliver H. Kelley, a worker for the Department of Agriculture.

Oliver Hudson Kelley's journey through the South to study the post-Civil War agricultural condition led to the establishment of "The Grange" in 1867. Kelley and six other people founded the group after realising the need for a social and economic organisation to better the situation of farmers.

Read more about national commerce at

https://brainly.com/question/30561697

#SPJ4

There has been a decline in direct lender payday loans in recent times. Several states have enforced regulations to limit the interest rates and freights that payday lenders can charge.

It may have reduced the profitability of these loans and dropped the number of lenders offering them. also, there has been growing attention of the implicit pitfalls and downsides of payday loans. which may have led some borrowers to seek alternate forms of credit.

Its still important to note that payday loans continue to be offered in numerous areas and places and may still be accessible to some borrowers.

To learn more about Decline in Lender Payday:

https://brainly.com/question/25239160

#SPJ4