Selecting strategic options and formulating the plans
Write a short note on selecting strategic options and formulating the plans?
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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.
Common Cost: It is the cost of resources used jointly in the production of two or more outputs and the cost can’t be directly traced to any one of those outcomes.
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Write a short note on the relationship between risk and return?
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A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities
Cost: The monetary value of resources employed or liabilities or sacrificed incurred to attain an objective, such as to obtain or make a good or to execute an activity or service.
What do you mean by the term key performance indicators or KPI? Explain in brief?
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