How does strategic planning benefit companies?
What will be an ideal response?
Strategic planning sets the stage for all other planning in the firm. The strategic plan involves adapting the firm to take advantage of opportunities in its constantly changing environment.
Business
You might also like to view...
Jomal Corporation expects to receive $2,300 along with costs of $1,800 on each non-delinquent sale on credit. The probability of collection is 85%. Determine whether credit should be extended.
A) Extend credit - net benefit of $155 B) Do not extend credit - net detriment of $155 C) Extend credit - net benefit of $80 D) Do not extend credit - net detriment of $80
Business
If the demand for salmon in Cape Breton Nova Scotia is unit elastic, the price elasticity of demand for salmon equals:
a) 0 b) 1.0 c) 100.0 d) 0.10 e) 10.0
Business