Define the term Strategic management
Briefly define the term Strategic management and also state the reason why it is designed?
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The Strategic management is mainly designed to give a business with an apparent sense of reason and to make sure that suitable action is taken to accomplish that aim. The action taken must link the internal resources of the business to the exterior atmosphere of competitors, suppliers, customers and so forth. This must be completed in such a way that any business strengths, like having an expert workforce, are exploited and any weaknesses, like being short of investment finance are not exposed.
Traceability: The capability to assign a cost directly to a particular activity or cost object by identifying or observing particular resources used by the activity or cost object.
What do you mean by the term Reliability which is accounting information?
The DU Inn The DU Inn is an 80-room hotel located on some mountaintop in Colorado. That has no bar or restaurant &is positioned as a mid-priced, good quality "homey" hotel. It is open only during
Direct Cost: The cost of resources directly used by an activity. The direct costs are assigned to actions by direct drawing of units of resources used by individual actions. A cost which is particularly recognized with a single cost o
Limited partnerships: Limited partnerships are an alternative to limited liability companies because of their simplicity. All the states encompass passed limited partnership legislation.A limited partn
What do you mean by the term SWOT analysis? Explain in brief?
What are the various factors which occurred due to the changing business landscape?
Variable Cost: A cost which differs with changes in the level of an activity, whenever the other factors are held constant. The cost of material treating to an activity, for illustration, differs according to the number of material de
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.
Performance Measurement: A means of computing effectiveness, efficiency, and outcomes. A balanced performance measurement score-card comprises financial and non-financial measures focusing on the quality, cycle-time, and price. The performance measure
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