Identify and describe five components of a successful business objective
What will be an ideal response?
A business objective is something a business is trying to achieve in support of an overarching strategy. A business objective should be specific, referring to a unique event. A business objective should be measurable, so the achievement of the objective can be determined using established metrics. A business objective should be achievable in consideration of the company's restraints. A business objective should be relevant to a desired business strategy. Finally, a business objective should be time-bound, stating a specific duration in which to achieve the objective.
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A probability sampling technique in which the sample is chosen by selecting a random starting point and then picking every ith element in succession from the sampling frame is called systematic sampling
Indicate whether the statement is true or false
Annual demand for color ink jet printers for a computer retailer is 500 units; order placement costs are $35; each printer averages $200 at cost; and annual carrying costs per unit are $50 . The economic order quantity is 27 units
Indicate whether the statement is true or false