Explain five planning steps that are required to have a good business communication. Take any of the business as example and implement those five planning steps on it,as supporting evidence to your answer?

Q: Which of the following would be part of an organization's efforts to engage in differentiation? a.…

A: Large companies or organizations often engage in differentiation strategies in order to gain…

Q: Assume you are the CEO of a company that has invested $5 billion in a COVID vaccine, but the vaccine…

A: Given, Total amount already invested = $5 billion Expected sale = $3 billion Cost to complete the…

Q: Which one of the following statements about the 2-stage linear city model in topic 4 is correct?…

A: In the first period, firms choose location and in the second period, the firms compete in prices,…

Q: Which of the following statements is false? The owner of a patent is not obliged to grant a…

A: A patent is an exclusive right granted to a product or technique that offers a novel technical…

Q: What impact do asymmetric and imperfect information have on prices and quantities? Group of answer…

A: Demand and Supply   Demand refers to the number of commodities that the buyers are ready to buy at…

Q: Why is imperfect information a problem in market economies? Give a current example of how imperfect…

A: In economics, a market is considered as efficient when it is operated at the equilibrium level that…

Q: Ramesh is a shrewd businessman. He buys gold during the off season, when it is cheap and then sells…

A: A speculator who buys large quantities of a commodity in the hopes of profiting from future…

Q: the combination of a greater sensitivity to losses than to gains, and a tendency to evaluate…

A: Myopia is a condition where the individual is shortsighted and concerned too much about the future…

Q: Indicate whether the statement is true or false, and justify your answer.Consider the following…

A: The failure in trust hypothesis and Arrow’s asymmetric information explains the presence of…

Q: What is the precise meaning of the term “self-protecting urban innovation”? (A) A cities ability to…

A: Meaning of Urbanization: The term urbanization is simply the growth of an urban area i.e. as the…

Q: CHOOSE THE CORRECT ANSWER, NO FURTHER EXPLANATION IS NEEDED  Freeconomics refers to: A) The fact…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Indicate whether each statement is true or false, and justify your answer.Most economists think that…

A: Answer - We need to find  Is statement true or false  Most economists think that innovation is not…

Q: How does crisis affect capitalist competition? (In relation to the size of the market and impact on…

A: ANSWER   The crises in capitalism, often known as the "business cycle," is a ten-year cycle in which…

Q: What is a corporate ethics code? "an exhortation in broad, highly generalized language" an agreement…

A: Business ethics is a type of applied ethics or professional ethics that looks at ethical principles…

Q: Which one of the following statements is incorrect about the Structure-Conduct-Performance Paradigm…

A: The structure, conduct, and performance paradigm (SCP) refer to the analytical framework that is…

Q: elect three services ?one high in search attribute,one high in experience attribute,and one high in…

A: Goods are described as items or commodities that can be seen, felt, or touched i.e tangible, and are…

Q: Organisational crises are critical situations that threaten high-priority goals, impose a severe…

A: Organizational crisis: It refers to a situation in which the organization has done something wrong…

Q: hich one of the following statements about strategic investments is incorrect?   A. Locational…

A: R&D investment to reduce marginal cost of production can be an example of strategic investments.…

Q: Which of the following is true about signaling theory?     A dividend increase is a sign of a…

A: The signaling theory is based on the concept of asymmetric information, i.e. the situation where one…

Q: Is communicative action a necessary part of strategic planning? Argue in a four-point.

A: There is no doubt that communicative action is a necessary part of strategic planning. Following are…

Q: Among the cases that we have analyzed, which acquisition do you think was the most ill-advised, and…

A:

Q: Most economists think that innovation is not random, and that pharmaceutical companies can steer…

A: Induced Innovation theory suggest that when price of a factor of production increases sharply in…

Q: Determine three types of businesses that would have difficulties establishing successful e-commerce…

A: The first type of businesses are small businesses like small shops. "Small businesses that focus…

Q: How the Coronavirus pandemic could change market structure from perfect competition to monopoly…

A: In an economy, the corona virus pandemic has a drastic negative effect in terms of income, output,…

Q: Indicate if the following statement is True or False “The basis for building a Pareto is the…

A: A scenario in which resources cannot be transferred to benefit one individual without injuring at…

Q: Which of the following is not something that would typically motivate an entrepreneur to take a…

A: Introduction: An entrepreneur is a person who starts a new business and takes on most of the risks…

Q: An example of Horizontal Integration is which of the following? Oa New York Presbyterian opening a…

A: The correct option is d. Mt Sinai hospital in cooperating struggling Hospital in Queens and Brooklyn…

Q: Asymmetric information and/or imperfect information can cause two forms of market failure: 1)…

A: Adverse Selection in economics refers to that phenomena when in any transaction between two people ,…

Q: Pareto’s Principles states that there is an optimal solution that cannot be improved upon without…

A: Pareto efficient outcome is where resources are allocated in the most efficient way. In this when a…

Q: factors” in strategic

A: The external factors are those components which happen outside of the company causing alterations…

Q: Watch the video, and in your own words, explain why planning is so important to managers. Long term…

A: Planning is refer to the achieving and including in the long term and short term business goals,…

Q: Is this how information is distributed in a normal organizational hierarchy?

A: An organization may be structured using a hierarchical model by establishing distinct levels of…

Q: College Retirement Equities Fund (CREF) is a pension fund that has billions of dollars invested in…

A: Below is the given information: *CREF has an investment in the stock market. *Vote to limit on the…

Q: Should "Big Pharma" team up with Amazon and retaliate against PBMs? Please argunt Please DO NOT…

A: INTRODUCTION  Medical clinics bear a weighty monetary weight when the expense to purchase drugs…

Q: Explain “Creative destruction-Darwinian theory” in terms of businesses struggling to survive the…

A: Darwinian theory of evolution by natural choice: It cannot describe the origin of individual species…

Q: Your firm must decide whether or not to introduce a new product. If you introduce the new product,…

A: Hi, thank you for the question. As per the Honor code, we are allowed to attempt only first 3…

Q: Human Resource Planning(HRP) provides an input into strategic planning in terms of whether the…

A: Human resource planning (HRP) is a continuous, systematic process of foresight planning. It is to…

Q: Why or how can you explain Card and Krueger's findings?

A: David Card and Alan Krueger, Princeton economists, discovered that raising the minimum wage does not…

Q: Which one of the following statements about the modified Stackleberg model is correct?   A. None…

A: Entry deterrent tactics could include obtaining trademarks on products and processes to raise entry…

Q: Bevan’s Cycles, a chain of bike shops that were early adopters of an online business model, are…

A: Below is the given information: The budget for 2 members of staff = £10000 The budget for 3 members…

Q: In terms of general elections. A candidate will campaign and make promises. Voters have the option…

A: The principal-agent theory is an important theory in economics that has various applications. The…

Q: The late 19th century city was often dense, crowded, and dirty. This often led to disease and…

A: Industrialization was the rapid growth period of the economies because, under the industrial…

Q: Consider the Tourist-Trap model. Which of the following statements is true? In the Tourist-Trap…

A: Consumers in this model would buy from lowest price firm.