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A growth strategy is when an organization expands the number of markets served or products offered, either through current or new businesses. The types of growth strategies include concentration, vertical integration (backward and forward), horizontal integration, and diversification (related and unrelated). A stability strategy is when an organization makes no significant changes in what it’s doing. Both renewal strategies—retrenchment and turnaround—address organizational weaknesses that are leading to performance declines.
purchasing, administration, customer service, distribution, finance, sales, production, human resources, research and development, ict, marketing
The current development of the purchasing function shows remarkable similarities to the development of the marketing concept. The product/production orientation, that dominated management practice for many years, can be compared to traditional purchase's focus on product and price. The subsequent sales orientation emphasizes the efforts of sales representatives to get customers to buy their products. This is very similar to the purchasing department that directs its efforts at identifying suitable suppliers that can deliver the desired products at the right time. Only when the whole organization is focused on serving the customer optimally (integrated effort), it employs the marketing concept.
what are the promotional strategies for duracell? what push/pull strategies do duracell use?
Describe the relationship between the purchasing and production of a manufacturing company
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What is current purchasing power accounting method
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Which are the precautions you will take to avoid failures in strategies if you are the general maanger of a production unit?
Production strategies that companies can use is chase strategy, level production, make to stock, make to order, and assemble to order. Different companies use different methods depending on their goals.
Weaknesses in the current adopted product mix strategies by hp
British coins circulating in 1843 would have included the - Sovereign (One Pound) - current purchasing power about £74.72 GBP Half-Sovereign (Ten Shillings) - current purchasing power about £37.36 GBP Crown (Five Shillings) - current purchasing power about £18.68 GBP Halfcrown - current purchasing power about £9.34 GBP Shilling - current purchasing power about £3.73 GBP Sixpence - current purchasing power about £1.86 GBP Groat (Fourpence) - current purchasing power about £1.24 GBP Threepence - current purchasing power about £0.94 GBP Twopence - current purchasing power about £0.62 GBP Penny - current purchasing power about £0.31 GBP Halfpenny - current purchasing power about £0.15 GBP Farthing - current purchasing power about £0.07 GBP Half-Farthing - current purchasing power about £0.04 GBP NOTE - These historical currency conversions are the result of many calculations and considerations by a purpose designed program on a weighted index and todays currency exchange rates. The resulting values should only be regarded as an approximation.
Pure strategies use only one variable to absorb demand fluctuations. Mixed strategies involve two or more pure strategies.
Both are dependent a product
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current trends and problems of mapeh