Selecting strategic options and formulating the plans
Write a short note on selecting strategic options and formulating the plans?
Expert
The business will choose what emerges to be the best of courses of action or policies obtainable. Whenever making a selection, the implications of the selection for the mission and goals must be considered as, at times, they might need some adjustment. The policies chosen will offer the general manner forward however a plan will be needed to specify the specific activities which must be taken. This on the whole plan will generally be broken down into a sequence of plans, one for each and every element of the business.
Activity-Based Costing: It is a cost accounting process that measures the cost and performance of process related activities and cost objects. It assigns cost to cost objects, like products or customers, based on their utilization of
Cost Allocation: This is a technique of assigning costs to activities, outputs, or other cost objects. The allocation base employed to assign a cost to objects is not essentially the cause of the cost. For illustration, assigning the
Full Cost: The sum of all costs needed by a cost object comprising the costs of activities executed by other entities in spite of of funding sources.
Employee Stock Ownership: It is a qualified, defined contribution, employee benefit (that is, ERISA) plan designed to invest mainly in the stock of sponsoring employer. ESOPs are "qualified" in the logic that the ESOP's sponsoring company, the selling
Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
Briefly define the term Strategic management and also state the reason why it is designed?
Support Costs: Costs of activities are not directly related with the production. Typical illustrations are the costs of automation support, postage, communications, process engineering, and purchasing.
Unit Cost: The cost of a chosen unit of a good or service. Illustrations comprise dollar cost perton, machine hour, labor hour, and department hour.
Describe the provision of 'Indian partnership Act 1932‘concerning sharing of profits in lack of any provision in partnership deed. Answer: In the lack of any p
You must prove your calculations The following information pertains to Blue Company revenue cycle and was reported at December 31, 2011. Year 2011, additional information is as follows: 1. 100 units that was purchased fo
18,76,764
1929133 Asked
3,689
Active Tutors
1420682
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!