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Explain how the objectives of a new business might change as it grows in size?
Wiki User
∙ 9y ago
the large a business grows the more exposed it is and the involved with the external environment
Wiki User
∙ 9y ago
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What are the main types of business lines?
The three main types of business lines or activities are operations, marketing, and finance. As a company grows other types of business functions become important as well. The three main types of of business organizations are sole proprietor, Partnership, and corporation or company.
How will you become successful in your Business using Cash Advance Loans?
Cash Advance Loans are the fastest way to infuse cash within any business an dthe pay back is simple and easy as the business grows. This helps businesses to grow and fulfill target without any hassle.
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What this really means is that in an organization environment people need to be productive and over a certain period of time the way they do things or the way they handle they business up in they organization becomes some form culture and it grows among them and it gradually becomes integrated into they business operations and processes.This however can also affect not only business but any work environment
Nicholas carr argument about it is no longer gives a companies a competitive advantage?
Carr's main argument is that as the ubiquity of information technology grows, and costs lessen, the overall advantage decreases. He originally published his argument in the Harvard Business Review, and it caused a backlash from those who disagreed.
What is Degree of Operating Leverage?
DOL is a ratio that is used to identify the changes in the operating leverage that a company requires with growth in sales and income. As and when a company grows and its sales increases, the operating costs also increase and the operating leverage required by the promoters also changes. This ratio helps us identify that value.Formula:DOL = Percentage Change in Net Operating Income / Percentage Change in Sales
Explain why as a business grows it affairs become complicated.?
When a business grows, its affairs become more complicated in most cases. That is because the business is dealing with more outside entities. This impacts the relationships it has and makes it more complicated.
Explain why as a business grows its affairs become more complicated?
When a business grows, its affairs become more complicated in most cases. That is because the business is dealing with more outside entities. This impacts the relationships it has and makes it more complicated.
How the objectives of a business may change as it grows?
A business may achieve an objective and will need to move onto another one (e.g. survival in the first year may lead to an objective of increasing profit in the second year). The competitive environment might change, with the launch of new products from competitors. Technology might change product designs, so sales and production targets might need to change.
What is expansion of a business?
Expansion of a business is when a business grows.
Why does the biomass of an oak tree change during the course of the year?
it grows!
How does a baby a cheetah change as it grows into an adult?
it grows
Explain how the objectives of a business may change as it grows?
Business objectives are the stated, measurable targets of how to achieve business aims.An aim is where the business wants to go in the future, its goals. It is a statement of purpose. Objectives give the business aclearly defined target. Plans can then be made to achieve these targets. This can motivate the employees. It also enables the business to measure the progress towards to its stated aims.The most effective business objectives meet the following criteria:S -- Specific -- objectives are aimed at what the business does, e.g.a hotel might have an objective of filling 60% of its beds a night during October, an objective specific to that business.M - Measurable -- the business can put a value to the objective, e.g.€10,000 in sales in the next half year of trading.A - Agreed by all those concerned in trying to achieve the objective.R - Realistic -- the objective should be challenging, but it should also be able to be achieved by the resources available.T- Time specific -- they have a time limit of when the objective should be achieved, e.g.by the end of the year.The main objectives that a business might have are:Survival -- a short term objective, probably for small business just starting out, or when a new firm enters the market or at a time of crisis.Profit maximisation -- try to make the most profit possible -- most like to be the aim of the owners and shareholders.Profit satisficing-- try to make enough profit to keep the owners comfortable -- probably the aim of smaller businesses whose owners do not want to work longer hours.Sales growth -- where the business tries to make as many sales as possible. This may be because the managers believe that the survival of the business depends on being large. Large businesses can also benefit from economies of scale.A business may find that some of their objectives conflict with one and other:Growth versus profit: for example, achieving higher sales in the short term (e.g.by cutting prices) will reduce short-termprofit.Short-termversus long-term:for example, a business may decide to accept lower cash flows in the short-termwhilst it invests heavily in new products or plant and equipment.Large investors in the Stock Exchange are often accused of looking too much at short-termobjectives and company performance rather than investing in a business for the long-term.A business may change its objectives over time due to the following reasons:A business may achieve an objective and will need to move onto another one (e.g.survival in the first year may lead to an objective of increasing profit in the second year).The competitive environment might change, with the launch of new products from competitors.Technology might change product designs, so sales and production targets might need to change.
Explain the relationship between cell surface area and volume as a cell grows larger?
As the volume of a cell grows, the surface area grows but not as quickly.
How would the organisational chart of the business change as the businesss grows over time?
Basically when new workers get added they will come part of the organisational chart. Also if the business grows, they'll need more workers in different departments, making all the departments grow larger with extra businesses.
What must happen to the business plan as the business grows?
k,j,j,j,
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business cycle
Importance of Strategic management to business growth?
It is a plan to grow a business at a reasonable rate. If the business grows too slowly, there is not enough profit to keep the doors open, and if it grows to fast, the economic resources of the business cannot keep up with the growth.
