the minimum possible expenditure of capital and other resources in order to bring an entrepreneurial idea to market is known as: a. lean business practices b. affordable loss c. bootstrapping d. leveraging contingencies

Answer:lean manfacturing

Explanation:

$1,800 is needed to buy a new stereo for a car, if $400 is invested at 10% compounded annually, the time required to buy a new stereo for a car is 5.09 years.

The formula for compound interest is:

A = P(1 + r/n)^(n*t)

Where, A = final amount; P = principal; r = rate of interest; n = number of times compounded annually; t = time in years.

To find the time required to buy the stereo, we need to find t. So, we can rearrange the above formula as:

t = [ln(A/P)] / [n * ln(1 + r/n)]

On substituting the given values, we get: t = [ln(1800/400)] / [1 * ln(1 + 0.1/1)]t = 5.09 years (approximately)

Therefore, the time required to buy a new stereo for a car is 5.09 years (approximately) if $400 is invested at 10% compounded annually.

Learn more about "Compound Interest"; https://brainly.com/question/2241772

#SPJ11

A firm trying to compete with the leading firm in a competitive industry can try to negate the leading firm's competitive advantage through value-added resources.

A competitive advantage is the unique competitive element that provides a business with a better advantage than its rivals. It allows the company to create greater profits than its rivals since it has something that they do not. It's a unique edge that a company has over its rivals, enabling it to create greater profits than them.

There are several techniques to negate the leading firm's competitive advantage, including value-added resources, direct imitation, substitution, and engaging in perfect competition. However, among all of these techniques, the most effective one is the use of value-added resources.

Value-added resources are the resources that a company owns, which are not readily available to its rivals. These resources allow the company to offer something unique to the market that its rivals cannot. It could be anything from a proprietary technology to a skilled workforce, and these resources allow the company to distinguish itself from its competitors.

When a company uses value-added resources, it creates a unique competitive advantage that cannot be replicated quickly. This is because the company has something that its rivals don't have, and it can leverage that advantage to increase its profits. Hence, we can conclude that value-added resources are the most effective technique for negating the leading firm's competitive advantage.

Learn more about competitive advantage here: https://brainly.com/question/30516877

#SPJ11

Financial slack helps firms avoid having to rely on external financing.

What is financial slack?

Financial slack is the difference between the actual cash balance and the cash balance that the organization would need to maintain its current operations (if it has no debt obligations or investment opportunities). Financial slack may be defined as the difference between current assets and current liabilities. Slack is the resources that an organization has beyond what is required to keep its current operations running. This could be interpreted as the quantity of financial resources that an organization keeps in reserve to cover unforeseen events that might occur.

What is external financing?

External financing refers to funds that are generated from sources outside of a corporation. When a business decides to raise capital from external sources, it typically does so through the sale of securities or by taking on debt. Companies may raise funds through bond issuance or by offering shares in the business to the public. External financing is the act of acquiring funds from outside sources, as opposed to relying on internal financial resources.

The correct option is "having to rely on external financing".

Learn more about external financing at https://brainly.com/question/30502239

#SPJ11

"The client approved the new marketing plan."

In the given blank space, the correct word that can be used is "approved". The word "approved" signifies that the client agreed to the new marketing plan that has been presented by the team or the company. The company or the team made the new marketing plan with some new strategies or techniques to implement in the new plan.

After the presentation, the client must have found the plan attractive and then he/she agreed to the plan, and the client approved the new marketing plan.

Learn more about marketing plan https://brainly.com/question/9027729

#SPJ11

Any escrow amendment must be signed by the escrow agent, seller, and buyer (option a.).

Escrow is a contractual agreement in which a third party receives and disburses funds or documents on behalf of the parties involved in a transaction. The disbursement is dependent on the parties' written instructions, the terms of the agreement between the parties, and any underlying documents.

An amendment is a modification or addition to an existing contract or agreement that changes the terms or conditions of the agreement. It must be accepted and signed by all parties to the original agreement. An amendment is a modification to a legal document, like a contract or a constitution, that alters the document without completely changing it.

An escrow amendment is an alteration or addition to an escrow agreement that changes the conditions of the escrow. An escrow amendment must be signed by the escrow agent, seller, and buyer.

Therefore, option b: escrow agent, seller, and buyer is the correct answer.

Learn more about escrow agent here: https://brainly.com/question/17513888

#SPJ11

If the risk of a negative outcome is slight, the best course of action might be to: D. accept it.

When the risk of a negative outcome is slight, it may not be worth the cost, time, or effort to minimize, share, or transfer it. In such cases, it may be more appropriate to accept the risk and move forward with the project or business activities. Accepting the risk means that the business acknowledges the possibility of a negative outcome but chooses not to take any further action to mitigate it.

Of course, the decision to accept a risk should be based on a careful evaluation of the potential consequences and the business's risk appetite. If the risk is deemed too high, even if the probability of occurrence is low, it may still be necessary to take action to minimize, share, or transfer it.

Therefore the correct option is D.

Learn more about  business's risk  here:https://brainly.com/question/14987050

#SPJ1

Conscientiousness is an important personality trait often related to job performance. It refers to a person's tendency to be organized, thorough, and mindful of details. On the other hand, performance management scores are a measure of how well an individual is meeting their job-related expectations and goals.

Overall, conscientiousness and performance management scores are two important factors to consider when assessing job performance. Conscientiousness is related to a person's ability to be organized, thorough, and mindful of details, while performance management scores measure how well an individual is meeting their job-related expectations. This combination of traits can help employers identify successful employees and ensure that they are meeting the expectations of their position.

Learn more about Conscientiousness: https://brainly.com/question/4443909

#SPJ11

Out of the given options, the true statement is - "as long as exchange rates do not always move in the same direction, the firm can stabilize its operating cash flows by diversifying its export market."

Foreign exchange risk can be reduced by diversifying the product market or sales markets, according to the statement "as long as exchange rates do not always move in the same direction, the firm can stabilize its operating cash flows by diversifying its export market."

The risk of earning less money on a sale in a foreign currency is known as foreign exchange risk. When a corporation sells to another country, it must sell goods in a foreign currency. The currency is frequently converted back to the company's local currency when it is paid.

The risk of selling in a foreign currency is that the currency will become less valuable than the corporation's home currency over time.

This could result in the corporation receiving less money than it anticipated. As a result, it is recommended that corporations diversify their sales markets or product markets in order to decrease foreign exchange risk.

To know more about export market refer here :

https://brainly.com/question/15960668#

#SPJ11

Managers are more concerned with how training may affect the attainment of financial goals for the particular units they supervise. Managers are the individuals in the company who make decisions, allocate resources, and direct the activities of others towards the attainment of targets.

Financial goals are specific, measurable, and achievable financial targets set by a business, corporation, or individual. Financial goals can be short-term, such as managing daily expenses, or long-term, such as retiring comfortably. Financial goals must be connected to the business's mission and vision. Managers must also assess the training's financial impact on the company, including return on investment (ROI), and overall effectiveness.

To learn more about managers: https://brainly.com/question/17551436

#SPJ11

The short-run aggregate supply curve slopes upward because many production costs, particularly can be taken as such.

This means that when the demand for goods and services in the economy increases, businesses will produce more in the short run, but this will come at an increasing cost as resources become scarce. This is reflected in the upward slope of the short-run aggregate supply curve.
The long-run aggregate supply curve is vertical because all prices, including nominal wages, are fully in the long-run. This means that when there is an increase in demand for goods and services in the economy, businesses will be able to produce more without facing increasing costs because they will be able to increase the number of workers and other resources that they use. This is reflected in the vertical slope of the long-run aggregate supply curve.
In summary, the difference between the upward-sloping short-run aggregate supply curve and the vertical long-run aggregate supply curve is due to the fact that in the short run, businesses face increasing costs as they produce more, while in the long run, businesses are able to increase production without facing increasing costs. This is reflected in the shape of the two curves.

For more questions on production costs

https://brainly.com/question/25109150

#SPJ11

In accordance with Generally Accepted Accounting Principles (GAAP), the question of when revenue should be recognized on the income statement is addressed by the "Revenue Recognition Principle."

This principle states that revenue should be recognized when it is earned and realized or realizable, and when it is probable that economic benefits associated with the transaction will flow to the company.

The steps for applying the revenue recognition principle include:

Identify the contract with the customer.

Identify the performance obligations in the contract.

Determine the transaction price.

Allocate the transaction price to the performance obligations.

Recognize revenue when each performance obligation is satisfied.

By following these steps, companies can ensure that they are recognizing revenue in accordance with GAAP and providing accurate financial statements to their stakeholders.

For more questions like Income statement click the link below:

https://brainly.com/question/28035395

#SPJ11

The remaining key to an organization's success in changing times is consistent.

What is consistent?

Consistent means the quality of achieving a level of stability and maintaining continuity by doing a task in a reliable and disciplined manner. It can be determined by the degree to which an individual repeats a pattern, and the extent to which they avoid doing things differently even though it may appear appealing. It involves concentrating on the job at hand and finishing it in a dependable and repetitive manner.

If people are always doing the same thing in the same manner, then there will be no surprises or problems. Furthermore, it is an essential feature of successful businesses. Consistent efforts are necessary for attaining any goal, and they play a vital role in a company's success.

Consistent efforts allow an organization to maintain the quality and remain ahead of competitors. This kind of approach helps in the decision-making process, especially when it comes to bringing in new strategies or modifications.

To know more about consistency refer here :

https://brainly.com/question/3935025#

#SPJ11

Answer:

flexible

Explanation:

An item that is excludable is when a seller can prevent people who did not pay for a product from obtaining its benefits. So, the correct option is "excludable".

Excludable goods are products or services that can be withheld from consumers until they have paid for them. Such items provide a direct financial benefit to the owner. Sellers are in charge of producing or acquiring the item, distributing it to the consumer, and collecting payments. Public utilities like parks or lakes, as well as street lighting, are examples of non-excludable products. Other individuals are unable to use them, regardless of whether or not they contribute to the product.

Excludable goods are often in competition, which can help to drive up prices. If a good is non-excludable, its benefits can be obtained without paying for it. Non-rival goods are things that can be utilized simultaneously by several people. Non-excludable goods are goods that cannot be controlled, meaning that anyone can access them, and no one can be denied access to them. Some common examples of non-excludable goods are lighthouses, highways, fire protection, and public parks.

Hence, the correct option is "excludable".

Learn more about "Excludable goods"; https://brainly.com/question/24787014

#SPJ11

The change in the asset turnover ratio from 2.0 to 1.8 indicates an unfavorable trend in using assets to generate sales. The correct option is c.

Asset turnover is a financial ratio that compares the total amount of company revenue to the total amount of assets in use. Asset turnover is used to assess the productivity of a company's assets. The formula for asset turnover is as follows: Sales / Total Assets = Asset Turnover. This ratio measures the efficiency of a company's use of its assets to generate revenue. It is calculated by dividing a company's total sales by its total assets. A decrease in the asset turnover ratio suggests that the company is less efficient at using its assets to generate sales, meaning fewer sales per asset.

In this case, the decrease in the asset turnover ratio indicates that the company is becoming less effective at using its assets to produce sales. While it is possible that this could be due to a decrease in sales, it is more likely that the decrease is due to an increase in the company's assets. This means that the company has increased its assets, but is not able to generate enough sales to make up for the increase.

Overall, the decrease in the asset turnover ratio is indicative of an unfavorable trend in the company's ability to use its assets to generate sales. It suggests that the company needs to better manage its assets in order to generate more sales. Hence, the correct option is c.

For more such questions on Asset turnover ratio.

https://brainly.com/question/30404645#

#SPJ11

Resource-based view refers to the idea that a firm is a bundle of resources and capabilities that is unique to the firm.

The resource-based view is a strategic management approach that seeks to identify a firm's resources and capabilities as the key drivers of the company's performance and potential competitive advantage. As per this approach, a company's resources and capabilities are essential factors for achieving long-term competitive advantage rather than industry attributes such as economies of scale, global supply chains, or market growth. It contends that a company's unique resources and capabilities, rather than external variables, determine the company's strategic positioning and potential for long-term economic performance. According to this viewpoint, resources may be categorized into several types, including physical, financial, technological, human, and organizational. The company's unique capabilities, on the other hand, are derived from the ability to manage those resources strategically.

Resource-Based View aims to identify the company's distinct resources and capabilities as critical drivers of competitive advantage and economic performance over time. Rather than industrial characteristics like economies of scale or market growth, a company's resources and capabilities are considered to be the essential factors for maintaining a long-term competitive advantage. The primary goal of this approach is to determine the company's strategic position and potential for long-term economic performance by leveraging its unique resources and capabilities, rather than external factors.

Learn more about resource-based view here: https://brainly.com/question/30979218

#SPJ11

The present value of this income stream is $16,119.27.

This is calculated by taking the amount of $5,000 received at the end of each year and discounting it back to the present day, taking into consideration the 7% annual discount rate.

For example, if we assume the payments are received at the end of each year, then the present value calculation would look like this:

Year 1: 5,000 / (1 + 0.07)^1 = 4,673.03
Year 2: 5,000 / (1 + 0.07)^2 = 4,367.36
Year 3: 5,000 / (1 + 0.07)^3 = 4,081.97
Year 4: 5,000 / (1 + 0.07)^4 = 3,814.82

The total present value of this income stream is then calculated as follows:

4,673.03 + 4,367.36 + 4,081.97 + 3,814.82 = $16,119.27

To know more about present value, click on the link below:

https://brainly.com/question/29586738#

#SPJ11

Based on the W-2 form provided, the largest withholding was Federal income tax. Here option B is the correct answer.

To determine the largest withholding on the provided W-2 form, we need to look at the amounts withheld for each of the taxes mentioned. The form shows that the employee had a total of $7,000 withheld for federal income tax, $4,340 withheld for Social Security tax, $1,015 withheld for Medicare tax, and $1,050 withheld for state income tax.

Based on these figures, the largest withholding was for federal income tax, which amounted to $7,000. This is significantly more than any of the other taxes. Social Security tax was the next largest withholding, totaling $4,340, followed by state income tax at $1,050, and Medicare tax at $1,015.

It's important to note that the amount of tax withheld from an employee's paycheck can depend on a variety of factors, such as the employee's income level and the number of exemptions claimed on their W-4 form. The amounts shown on this particular W-2 form are specific to this employee's situation and may not be representative of other employees or situations.

To learn more about Federal income tax

https://brainly.com/question/2986643

#SPJ4

If the maximum demand data for a 1-year period is not available, the calculated load shall be permitted to be based on the maximum demand (the highest average is 220.87(1) kilowatts reached and maintained for a 15-minute interval)

In the context of electricity distribution systems, a feeder is a circuit that carries electrical power from a substation to a distribution network or to a group of customers. A feeder is typically a set of electrical conductors (such as overhead wires, underground cables, or busbars) that are designed to deliver power to a specific area or group of customers.

Feeders are an essential component of electrical power distribution systems and are used to manage the flow of electricity from the substation to the loads. The size and capacity of a feeder depend on the amount of electrical power it is intended to deliver and the number of customers it is designed to serve.

Read more on feeder here:https://brainly.com/question/29371210

#SPJ1

When formulating a social media strategy, the information about official and unofficial company accounts, fan accounts, outdated and fake accounts should live in a document or spreadsheet.

document or spreadsheet is easily accessible and shareable among the members of the team. This can be a social media audit document, which is a comprehensive overview of a brand's social media presence, including all the accounts and profiles associated with it. Keeping this information organized and up-to-date can help ensure that the social media strategy is effective and that the brand is accurately represented online.

What is social media?

Social media refers to online platforms and website that allow users to create, share, and exchange content and participate in social networking. Social media platforms can include social networking sites and various other online forums and communities. Social media has become a ubiquitous part of modern life, and has had a profound impact on how people interact, communicate, and consume information.

To know more about the social media, visit:

https://brainly.com/question/30326484

#SPJ1

There are a few pieces of information to consider in order to calculate how much deposit you will have in 8 years after depositing $3,600 in an account that pays .62 percent interest per quarter.

First, we need to determine the total number of quarters in 8 years.

Second, we need to calculate the amount of interest earned each quarter.

Finally, we can add up the total amount of money in the account after 8 years.

1. Determine the total number of quarters in 8 years
There are 4 quarters in a year, so there are 4 x 8 = 32 quarters in 8 years.

2. Calculate the amount of interest earned each quarter

The interest rate is .62 percent per quarter, or .0062 as a decimal.

To calculate the amount of interest earned each quarter, we multiply the current balance by the interest rate.

For the first quarter, the balance is $3,600, so the interest earned is:

Interest earned = $3,600 x .0062 = $22.32

For the second quarter, the balance is the original balance plus the interest earned from the first quarter, or:

Balance = $3,600 + $22.32 = $3,622.32

The interest earned for the second quarter is:

Interest earned = $3,622.32 x .0062 = $22.44

We continue this process for each quarter for 8 years, adding the interest earned to the balance from the previous quarter.

3. Add up the total amount of money in the account after 8 years
After 8 years, there will be a total of 32 quarters. To calculate the balance at the end of 8 years, we can use a formula:

Future value = P x (1 + r)^n

Where:
P = the initial deposit ($3,600)
r = the interest rate per quarter (.0062)
n = the number of quarters (32)

Future value = $3,600 x (1 + .0062)^32 = $4,480.98

So, after 8 years, you will have a total of $4,480.98 in the account.

To know more about deposit here

https://brainly.com/question/22697743

#SPJ4

The error of writing a check for $200 but mistakenly recording the transaction in the general journal as $20 would be included on the bank reconciliation as an outstanding check. In bank reconciliation, a business compares its bank statement with its own accounting records to reconcile any discrepancies.

An outstanding check refers to a check issued by a company that has been recorded in the company's general ledger but has not been processed by the bank. This error would result in a discrepancy between the balance in the company's bank account and the balance in its accounting records.

In this situation, the company has written a check for $200 but recorded the transaction as $20 in its general journal. This means that the accounting records would show an incorrect balance of $20, whereas the bank statement would show the correct balance of $200. To correct this error, the company would need to add $180 ($200 - $20) to the accounting records to match the balance on the bank statement. This $180 would be included in the reconciliation as an outstanding check.

For more about bank reconciliation:

https://brainly.com/question/29097188

#SPJ11

Although Fred has been trained in product knowledge, he still needs additional training in customer service and sales techniques.

Customer service is essential for understanding and helping customers, while sales techniques involve being able to assess customer needs and being able to market and sell the product accordingly.

Sales techniques involve being able to understand customer needs, selling strategies, and closing the sale. It also involves being able to follow up with customers, answer questions, and track customer relationships.

With additional training, Fred can become more knowledgeable about customer service and sales techniques, which will help him be a successful salesperson.

See more about customer service at https://brainly.com/question/1286522.

#SPJ11

A report based on Via Gelato's revenue, raw materials, wages, utilities, rent, insurance, and other miscellaneous details can be prepared by recording revenue variance, material spending variance, wages spending variance, utilities spending variance, and miscellaneous spending variance.

Revenue variance:

Actual revenue = 6,200 liters x $12 = $74,400

Expected revenue = 6,000 liters x $12 = $72,000

Revenue variance = Actual revenue - Expected revenue = $74,400 - $72,000 = $2,400 favorable

Spending variances:

Material spending variance:

Actual spending = $29,230

Actual liters used = $29,230 ÷ $4.65 = 6,287.10 liters

Expected spending = 6,000 liters x $4.65 = $27,900

Material spending variance = Actual spending - Expected spending = $29,230 - $27,900 = $1,330 unfavorable

Wages spending variance:

Actual spending = $13,860

Actual base wages = $5,600

Actual variable wages = $13,860 - $5,600 = $8,260

Actual liters used = $8,260 ÷ $1.40 = 5,900 liters

Expected spending = $5,600 + (6,000 liters x $1.40) = $14,200

Expected base wages = $5,600

Expected variable wages = $14,200 - $5,600 = $8,600

Wages spending variance = Actual spending - Expected spending = $13,860 - $14,200 = $340 unfavorable

Base wages variance = Actual base wages - Expected base wages = $5,600 - $5,600 = $0

Variable wages variance = Actual variable wages - Expected variable wages = $8,260 - $8,600 = $340 favorable

Utilities spending variance:

Actual spending = $3,270

Actual liters used = $3,270 ÷ $0.20 = 16,350 liters

Expected spending = 6,000 liters x $0.20 = $1,200

Utilities spending variance = Actual spending - Expected spending = $3,270 - $1,200 = $2,070 unfavorable

Miscellaneous spending variance:

Actual spending = $2,590

Actual liters used = $2,590 ÷ $0.35 = 7,400 liters

Expected spending = 6,000 liters x $0.35 = $2,100

Miscellaneous spending variance = Actual spending - Expected spending = $2,590 - $2,100 = $490 unfavorable

The report showing Via Gelato's revenue and spending variances for June is as follows:

Revenue variance: $2,400 favorable

Material spending variance: $1,330 unfavorable

Wages spending variance: $340 unfavorable

Utilities spending variance: $2,070 unfavorable

Miscellaneous spending variance: $490 unfavorable

To learn more about revenue, visit: https://brainly.com/question/16232387

#SPJ11

The amount of a product that would be offered for sale at a wide array of prices that would prevail in the market refers to the supply of the product.

Supply is the total amount of a commodity or service that a producer, or a group of producers, is willing to offer to the market at various price points during a particular period of time. As a result, supply is a fundamental principle in economics that reflects how much of a good or service is available to consumers at various prices.

In general, the supply of a product is influenced by several variables, such as price, production costs, technology, and others. Therefore, it is important to note that the supply of a product can fluctuate based on various factors, and therefore the price of a product can also vary accordingly, with a wide array of prices prevailing in the market.

To know more about supply of the product, click on the link below:

https://brainly.com/question/14014530#

#SPJ11

The activity rate per product using activity-based costing would be $30/sq ft.

To calculate the activity rate per product using activity-based costing, we need to first identify the cost driver or activity that causes the heating cost to be incurred.

Let's assume that the cost driver is the square footage of space occupied by each product. In that case, we can calculate the activity rate per product as follows:

Total square footage = 1000 + 500 = 1500 sq ft

Activity rate per product = Total heating cost / Total square footage

= $45,000 / 1500 sq ft

= $30/sq ft

As a result, $30/sq ft is the activity rate per product when adopting activity-based costing.

Learn more activity-based costing at https://brainly.com/question/29310410

#SPJ11

Simple interest will be assigned to this interest. Simple interest is thought to be the fastest and simplest way to calculate interest. The daily interest rate, the capital, and the number of days between payments are multiplied to calculate interest.

Simple interest is a method for figuring out how much interest was paid on a sum of money over a specific time frame at a specific rate. Simple interest has a constant principal sum. Simple interest is a clear-cut and simple method for determining financial interest.

When getting credit card loans, auto loans, student loans, consumer loans, and occasionally even mortgages, simple interest is frequently used. Compound interest, on the other hand, is frequently used to increase long-term financial returns for things like 401(k)s and other investments.

To know more about Simple interest, visit:

https://brainly.com/question/25845758

#SPJ1

The Sarbanes-Oxley Act (SOX) applies to any company organized in the United States, whether it is a corporation, partnership, or limited liability company. SOX is designed to protect shareholders and the general public from fraudulent financial reporting by public companies. It also provides guidelines and regulations to ensure that corporate governance is conducted responsibly and transparently.

SOX requires all public companies to maintain an effective system of internal control and financial reporting. It also requires companies to perform a thorough review and audit of their financial records. This review includes an assessment of the accuracy of financial statements, the adequacy of internal controls, and the integrity of management's assessments. Additionally, SOX requires public companies to disclose the results of the review and any related material changes in their financial statements.

Companies that are required to file with the Securities and Exchange Commission (SEC) must also comply with SOX. The SEC has the authority to impose fines and other punishments on companies that fail to comply with SOX. Additionally, SOX applies to companies that operate internationally as well, although different countries may have additional requirements that must be met in order to be compliant with SOX.

Learn more about Sarbanes-Oxley Act (SOX)  here: https://brainly.com/question/28139067

#SPJ11

Kenny and Tyler, who do not get along, were assigned to work on a Spanish project together. Instead of asking for a new partner, Kenny decided to approach Tyler to mend their relationship. Kenny was using a strategy called  collaborative problem-solving.

Collaborative problem-solving is the process of working with others to identify and resolve a problem. It involves the pooling of resources, knowledge, and skills of individuals to find a solution that is satisfactory to all parties involved.

Collaborative problem-solving typically involves a team of people who work together to identify the problem, gather information, analyze the data, and propose potential solutions. It is a highly effective approach to problem-solving as it brings together different perspectives and experiences, which can lead to more creative and innovative solutions.

In this approach, both parties come together and work out their differences in order to complete a common goal. In this case, Kenny and Tyler need to work together to finish their Spanish project.

To know more about collaborative problem-solving, click on the link below:

https://brainly.com/question/6275362#

#SPJ11

Your strategy for achieving that is the additional information you need to finish your capstone project paper. Tracking your assessment progress toward goals can be made possible by having a strategic strategy in place.

The success of your firm can be directly impacted by each department's and team's progress when they are aware of the overall plan of the business, resulting in a top-down approach to tracking key performance indicators (KPIs). The highlights of your strategic plan are covered in the assessment description, along with any changes that need to be made.

A strategic plan comprising a goal, a strategy, and a tactic can look like this: Objective (what the organization wants): Over the following two quarters, boost online sales by 20%. Strategy (how the organization will obtain it): In the next two quarters, increase internet marketing and social media presence by 25%.

Learn more about assessment Visit: brainly.com/question/30653909

#SPJ4