What are some of the problems associated with matrix approaches?
What will be an ideal response?
The BCG and other formal methods revolutionized strategic planning. However, such centralized approaches have limitations: They can be difficult, time-consuming, and costly to implement. Management may find it difficult to define SBUs and measure market share and growth. In addition, these approaches focus on classifying current businesses but provide little advice for future planning.
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Property taxes are described as "ad valorem" taxes. "Ad valorem" most nearly means:
A. Replacement value B. According to value C. Market value D. Reproduction value
Residential property may be composed of:
a. single family homes b. single family homes and cooperatives c. commercial buildings that may have the landlord's private apartment d. a cattle ranch with a bedroom in the barn