Mgt 380 - Study guides, Class notes & Summaries

MGT 380 (Chapter 12) Physiological Process Questions and Answers Rated A Arizona State University

Business strategy creating a valuable position in a market, defending the market position, and doing so consistently over time to provide a sustainable profit stream - More specifically, it then involves configuring and arranging resources and activities within a business segment to provide either unique value to customers or common value at uniquely low cost or both Corporate strategy discovering and targeting attractive markets and then crafting positions that deliver sustained compe...

In the strategic management process, the organization's strategies and strategic goals are formulated and implemented using managers from all parts of the organization What three groups should be involved in the strategic management process? top managers middle managers first-line managers A document that outlines a proposed firm's goals, its strategy for achieving those goals, and the standards for measuring success is known as a _______. business plan Three benefits of ___________...

Requirements of an offer - ️️First, they look for some objective indication of a present intent to contract on the part of the offeror. Second, they look for specificity, or definiteness, in the terms of the alleged offer. Third, they look to see whether the alleged offer has been communicated to the offeree. Freedo elements of a contract - ️️made up of an offer and an acceptance of that offer. In addition, there usually must be consideration to support each party's promise. The...

Law of Equity - ️️A system of deciding cases in which judges use their wisdom and experience to determine the fairest course of action for not only the parties involved but also society as a whole. makes sure people don't take advantage of laws legal reasoning - ️️The process of reasoning by which a judge harmonizes his or her decision with the judicial decisions of previous cases. Persuasive Authority - ️️Any legal authority or source of law that a court may look to for gui...

BMGT 380 Final Exam Questions And Answers Latest Update

Trainingformal and informal activities intended to improve competencies relevant to an employees or workgroups current job DevelopmtenDeveloping competencies that an employee or workgroup is expected to need in the future Interactive Training activitiescomputer simulated business scenarios, casse, studies and role playing Effective Training Involves- 1. Conduct a needs assessment to identify what needs to be accomplished - 2. Develop learning objectives that identify desired learning...

Substantial performance standard - ️️slightly lower standard applied to duties that are difficult to perform without some deviation from perfection in minor respects -service contracts 4 excuses of conditions - ️️-party being benefited from condition has prevented/hindered it from occurring -waiver (automatically give up right to condition occurring) -estoppel (when you've relied on my waiver/representation I am estopped from asserting the condition) -performance of condition ...

BMGT 380 Exam 1 Questions And Answers Latest Update

Auctions - ️️Treated as invitation. Once negotiation is done there is a contract. Sellers offer people to bid, goes to highest bidder. Offer Parts - ️️1) Objective indication of present intent (reasonable person thinks its a contract) 2) Specificity of Terms 3) Communication of Offer Types of Contracts - ️️Unilateral- 1 party make a promise (punch card) Bilateral- both parties make a promise (renting a facility) Valid Contract - ️️Meets all legal requirements and is enfor...