UNDERSTANDING BUSINESS: SIMNET >IC<
UNDERSTANDING BUSINESS: SIMNET >IC<
12th Edition
ISBN: 9781307367065
Author: Nickels
Publisher: MCG/CREATE
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Chapter 18.2, Problem 4TP
Summary Introduction

To discuss: The purpose of preparing budgets in an organization and also identify three different types of budgets.

Introduction: Budget refers to estimate of revenue and expense over given period of time. It can be prepared for individual, family, organization, government and country.

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) Based on the categories of alternative organizational strategies do Select one appropriate category for a product provider companyo Identify one strategy from the selected category which you plan to pursueto ensure success applicable to the scenario presented.o Explain how the product (event planning and gift boxes) you are offering would be implementedthrough this category.b) Given the product or service which your business proposes to offer, assess the threestages of the strategy-formulation framework, discussed in the course.o For each stage, include one (1) tool in your assessment.
Suggest, three ways, your company (service provider) can attain asustainable competitive advantage in the local market. Give rationales for youranswer.
please provide a fully detailed Sourcing Strategy Discussing the strategies outlined in the course material your company can choose from and recommend with justification the strategy your company will adopt, and Supply Chain Management from the information provided in the course material, discuss how you will develop a global sourcing strategy for CaribGlow products. (identify and describe any THREE of the activities listed)for a skincare line based in Barbados. PLease include in-text citations and references within 2019-2025.
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