Question: High-level executives have often indicated that competitors actions are the top external factor affecting their businesses and their business plans. a. Why are competitors actions

High-level executives have often indicated that competitors’ actions are the top external factor affecting their businesses and their business plans.
a. Why are competitors’ actions so important to business planning?
b. How would competitors’ actions affect a business’s internal planning?
c. What other internal and external factors are key elements in a business’s budgeting process?

Step by Step Solution

★★★★★

3.33 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Competitors actions are extremely important to business planning because those actions will probab... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

146-B-C-A-B (535).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

Why is brand equity so important to companies?

Why is accurate forecasting so important to companies that use a continuous replenishment inventory system?

Why is purchased quality so important to Bose?

(Planning) High-level executives have often indicated that competitors ac tions are the top external factor impacting their businesses and their busi ness plans. a. Why do you believe that...

SECTION A [25 MARKS] Read the Following and Answer the questions that Follow: T ata Sky Tata Sky a combination of Indian behemoth Tata Group and Britains Sky television brand, was the second firm in...

Please help with the discussion below: ** Each of the 3 questions below only need to beabout two-threepara graphs but packed full of information, no fluff. **Attached below are a few readings from...

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee....

CHAP TER 1 The Role of Human Resources HUMAN RESOURCE MANAGEMENT DAY TO DAY You have just been hired to work in the human resource department of a small company. You heard about the job through a...

Please read the article about strategy and performance and provide a detailed summary of the main argument and learning points. Feel free to include your thoughts and tie it back to any related...

Research Paper: Topic: Why did the traditional financial risk approaches, methods, and tools fail in the financial market meltdown of 2008 - 2009? Discuss questions DQ #1: How has fair value...

Suppose that the economy is self-regulating, that the price level is 110, that the quantity demanded of Real GDP is $4 trillion, that the quantity supplied of Real GDP in the short run is $4.9...

Jerusalem Medical Ltd., an Israeli producer of portable kidney dialysis units and other medical products, develops a 4-month aggregate plan. Demand and capacity (in units) are forecast as follows: D...

What are the types of settlement agreements into which the IRS may enter with taxpayers? What forms are used by the IRS to settle cases? Explain the legal effect of each such form.

1 What functions of a company should be measured?

(Decentralization; ethics) A large U.S. corporation participates in a highly competitive industry. Company management has decided that decentraliza tion will best allow the company to meet the...

(Web research) Use the Internet to identify a multinational company encoun tering tax problems related to transfer pricing between its organizational units in different countries. Prepare a brief...

(Transfer pricing for sen ices) Walsdorf Companys information technology department is developing a service department transfer price based on min utes of computer time. For 2006, its expected...

The answer is (D) $65.18 Is there anyone who can solve it so that the answer is $65.18? Please explain it. 3. You sold short 300 shares of common stock at $55 per share. The initial margin is 60%. At...

Your firm would like to evaluate a proposed new operating division. You have forecasted cash flows for this division for the next five years, and have estimated that the cost of capital is 11%. You...

RAHAN COMPANY Comparative Balance Sheets December 31 Assets 2012 2011 Cash $38,000 $20,000 Accounts receivable 33,000 14,000 Merchandise inventory 27,000 20,000 Property, plant, and equipment 60,000...