profit-loss account 44

May 13th, 2015
Studypool Tutor
Abraham Lincoln University
Price: $20 USD

Tutor description

profit and loss statement describe profit strategy

Word Count: 224
Showing Page: 1/11
Profit Strategy1-1Topic CoveredIntroduction of stability strategyTypes of stability strategyProfit StrategyImportanceLimitationProcess of Profit Strategy1-2Stability Strategies Stability strategies result from attempts byan organization at incremental improvementof functional performance. Stability strategyimplies continuing the current activities ofthe firm without any significant change indirection.1-3Types of Stability Strategy Pause/Proceed with caution strategy No change strategy Profit strategy1-4Introduction of Profit Strategy The profit strategy is an attempt toartificially maintain profits by reducinginvestments and short-term expenditures. Rather than announcing the companys poorposition to shareholders and other investorsat large, top management may be tempted tofollow this strategy1-5Importance Stability strategies can be very useful in theshort run the profit strategy is useful to get over atemporary difficulty The profit strategy is thus usually the topmanagements short term and often selfserving response to the situation. Performance evaluation1-6Disciplined approach to problem-solvingThinking about the futureConfidence of lenders and investorsAwareness of responsibilities1-7Limitation Can be dangerous if followed for too long Keep changing1-8Steps follows in implementationof Profit Strategy

Review from student

Studypool Student
" AMAZING as always! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1830 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors