Evaluate the strategic options
Identify and evaluate the strategic options in brief?
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This includes attempting to recognize possible courses of action which will allow the business to reach its goals via employing its strengths to exploit the opportunities, at similar time ignoring exposing its weaknesses to threats. The weaknesses, strengths, opportunities and threats are of course, those recognized by the SWOT analysis.
A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
Give circumstances in which the fixed capital of partners might change. Answer: Two circumstances in which the fixed capital of Partners might change are as follows:
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Briefly define the term Strategic management and also state the reason why it is designed?
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.
Controllable Cost: A cost which can be influenced by the action of responsible manager. The word always refers to a particular manager as all costs are controllable by somebody.
Define Process and Process Costing: Process: The organized process of transforming inputs (that is, people, equipment, techniques, materials, and atmosphere), to outputs (that is, products or servi
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Cost Assignment: A procedure which identifies costs with activities, outputs, or another cost objects. In a wide sense, costs can be assigned to activities, processes, products, organizational divisions, and services. There are three
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