Draw and the Define the Phases & Stages of Business Cycle
Q: describe the ABC analysis and its importance in business.
A: ABC inventory analysis is be a technique adopted by totally different inventory control teams to…
Q: Name the four parts of the business cycle and describe how they relate to each other.
A: Environment of business is said to overall atmosphere of business operations or activities. The…
Q: Explain the contribution of the critical path method regarding controlling business activities.
A: Critical paths tend to analyze the longest path or duration to complete a certain task. Further, it…
Q: Discuss THREE (3) forces from the micro-environment and TWO (2) from the macro- environment that can…
A: First of all, micro environment refers to the environment which have a direct contact with the…
Q: Discuss the elements of active planning in an organisation operations planning.
A: Operational planning is a subset of production planning and control that focuses on developing…
Q: 1.) In determining the purpose of existence of a business, examine the four steps that a business…
A: A business is formed when a group of people come together to achieve a certain objective. This…
Q: With reference to the business model canvas, illustrate how the nine (9) elements interact in…
A: The 9 elements of the business model canvas in ascertaining how a business can sustainably generate…
Q: Explain how the considerations of environmental assessment and organizational position provide…
A: The strategic planning of operations includes strategies to be practiced at a business level to…
Q: State the meaning of related businesses, unrelated businesses and the strategic fit ?
A: Strategic management is little more than the recognition and description of the tactics and policies…
Q: Explain how strategic planning benefit organizations in modern business
A: A strategic plan gives management a road map for aligning the organization's functional activities…
Q: What are some "economics of business ", for a painting company business plan
A: The starting process of Painting buisness/company seems to be very thrilling, but it's not that easy…
Q: In determining the purpose of existence of a business, explain 4 steps that a business goes through…
A: COMPETITIVE ADVANTAGE: Competitive advantage refers to the advantage the business holds with respect…
Q: Contrast past and present business environments with regard to the following aspects: basis of…
A: Business environment is evolving with time. All the aspects of business whether labor skills,…
Q: 6. Define business plan and explain each and every element of business model development.
A: A type of written document that is prepared by an organization containing details about objectives…
Q: Identify and describe briefly the four stages of the business cycle.
A: The four stages of the business cycle are: Expansion Peak Contraction Trough
Q: 2. Why is business implementation important to help the company achieve its goals?
A: Leadership style is the approach of providing direction, plans implementation, and motivating…
Q: Explain Business analysis?
A: In today’s rapidly changing business climate, companies that are able to identify new opportunities…
Q: Describe the major strategies and how they may impact the overall business operations.
A: The central strategic decision processes include policymaking, strategy creation, policy…
Q: Explain FOUR(4) reasons why a business owner needs a good operational management in the course of…
A: Operations management plays a key and effective role in all the organization associated with the…
Q: What is A schematic model of the business cycle? Explain with example
A: Schematic Model is a diagram in model form. A schematic diagram, is a representation of a system…
Q: Propose and discuss, in sufficient details, at least 4 operative strategies how any small to medium…
A: The companies working in the country have some responsibilities to do. Those responsibilities can…
Q: What are 5 most significant challenges associated with the implementation of an enterprise system…
A: Enterprise resource planning is also called enterprise system is described as a cross-functional…
Q: Discuss the four standard ways that a small business may respond to risks that it may encounter in…
A: Business operations are described as the different activities that businesses get associated with…
Q: How does corporate social responsibility contribute to successful business operation?
A: Corporate Social Responsibility is a model by which the firms or the authorities looks onto the…
Q: architecture
A: Talking about the enterprise architecture then, it refers to te overall structure that the firm or…
Q: Discuss the overlap amongst operations, marketing, andfinance—the three functions basic to all…
A: The three major functional areas of organizations Finance: for securing financial resources at…
Q: Explain the business planning process and discuss the outlines and effectiveness of business plan.
A: Business planning process is the planning of the business.
Q: Why ispurchasing interested in controlling this business practice?
A: Purchasing is a important function in every business. It helps in managing the inventory. And a…
Q: Give some examples of changes or challenges in business operation
A: We live in a very rapidly changing business environment, and sometimes it becomes really hard for an…
Q: Identify and explain the 4 major challenges of managing a business in the current world's
A: Challenges are part and parcel of life. Any business will face certain kind of challenges that…
Q: “Every successful business regularly reviews its business plan.” Why? Explain.
A: A document that describes the important business activities along with the strategic objectives is…
Q: Determine how different systems contribute to the vision of a business and how different systems…
A: For the most part, Characteristics of the environment are complex, energetic, multi-faced, and it…
Q: Give 10 business examples for manufacturing and service industries
A: The industry refers to a group of companies that are closely related on the basis of their main…
Q: Explain each of the five phases in the business model.
A: A business model refers to a firm's strategy for profitability. It's basically a plan outlining the…
Q: Importance of strength and weaknesses in a business.
A: Strength means the areas which are efficient. It means the areas of the organisation in which the…
Q: List several ways in which the business organizations compete with one another? Also, Outline…
A: Identifying consumer wants and/or needs is a basic input in an organization’s decision-making…
Q: marketing and operation
A: How does the ''Political and Social Environment'' affect the marketing and operation functions of a…
Q: 1. Explain the meaning of a business plan.
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Who are the Stakeholders of a firm?
A: Stakeholders is the party that would be affected by the business and that has an interest in a…
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- Decide on one ERP business value and explain why you believe it is critical.Identify the three major functional areas of business organizations and briefly describe how they interrelate. NOTE: three major functional areas are: 1. Operations 2. Finance 3. MarketingWhat does SWOT means and Differentiate between the internal and external environment of a business.