Answer:
true
Explanation:
The resource based view (RBV) framework is used to determine the organization's strategic internal resources that can help it achieve sustainable competitive advantages. Resources are defined as all the inputs used by a company to perform it operating activities. It focuses on strategic resources that allow the company to produce valuable and unique products or services that cannot be imitated by the competition.
An ad by the Minnesota State Tourism Department, which promotes Minnesota as a vacation destination, was published in Life Mode magazine. The ad includes a picture of a couple against a scenic backdrop. In this print ad, the source of the advertising message is the Minnesota State Tourism Department
Tourism department generates revenues to the government with the help of the natural resources and beautiful destinations that exists in a country. Money will be collected from the people who visits the places in the country. This type of depart earns a lot of revenue during the time of vacations.
They also promote by giving certain discounts and offers during vacation time for attracting many people towards that destination. They also give advertisements for making the people to support state tourism to generate resources for the nation. Thus, in the given example the source of the advertising message is the Minnesota State Tourism Department.
In their chief role of decision maker or planner, operations managers exert considerable influence over the degree to which the goals and objectives of the organization are realized.
Explanation:
Planned decision making is one of the most vital managerial process. The steps involved in framing preparation of decision establishing are as follows,
The steps included in defining success of the decision making are,
The following are the final steps of decision making process,
Planned decision making is the crucial process in every business entity. This helps in the forward movement of the business.
Operations managers play a critical role in planning and controlling operations, thereby substantially influencing the organization's ability to meet its objectives. Their decisions on production targets, resource allocation, and quality control have a direct impact on the company's success.
In their chief role of planning and controlling operations, operations managers exert substantial influence over the degree to which the goals and objectives of the organization are realized. As operating managers, they are directly responsible for managing and coordinating all production or service provision activities. They set objectives, ensure quality standards, monitor productivity, and track the efficiency of operations. Their decisions significantly impact the organization's ability to achieve its goals.
For instance, an operations manager in a manufacturing company sets production targets, plans resources, manages inventory, ensures adherence to quality norms, and handles any issues that may arise in the production process. These decisions directly influence the company's ability to meet its production objectives and, in turn, its profitability.
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where are the answer choses
The second stage describes the growth part of the business cycle.
What is business cycle?
The term “business cycle” refers to the expansion of a business as well as the rise and fall of the economy. The business cycle refers to the various economic factors such as interest rates, investment, the trading system, profit, and production costs.
There are the four fundamental stages of the business cycle, such as first is expansion, second is peak, third is contraction, and last fourth is trough. The second stage, the peak stage, was the growth of the maximum rate of business. The peak simply means the imbalance of the economy that needs to be corrected at the right time.
As a result, the business cycle was the second stage of the peak related to the growth.
Learn more about business cycle, here:
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When the business is just starting. This is the second stage of a business cycle