According to Porter, there are five forces that must be assessed and acknowledged by any business who wishes to successfully create an effective strategy. Which of the following best demonstrates the threat of substitutes for a handmade furniture manufacturer? Another furniture store who also sells handmade furniture. A supplier who sells mahogany wood and determines the terms that a potential buyer must meet to buy from them. A furniture store that sells ready-to-build pieces from unique designs. A. handmade home decor store. evin is an employee in the finance department at Easy Trader Co. and is performing some financial analysis on the company's urrent year's performance. Before he can begin looking at a variety of nonfinancial factors, including customer conversion rates nd internal promotion scores, he will need to evaluate some financial performance measures. Which of the following provides the host accurate rationale for evaluating economic value added? Understanding the cash implications of a company's primary operating activities Evaluating after-tax income earned beyond the company's cost of capital on its invested capital Evaluating profitability using a consistent measure like earnings without interest Evaluating income earned beyond the minimum required investment Once a business is ready to grow, it hires qualifed candidates to work. The type of compensation offered and additional offerings will vary depending on the job. If a company is looking to hire sales staff, what would the most appropriate form of compensation be? Stock options will reward sales staff for making sales and also ensure their compensation is unpredictable. Salary will be most appropriate for them, as it is a long-term position where payment depends on outcomes rather than hours logged. Commission will motivate sales employees to increase company revenues since their sales will directly tie to their income. Hourly wages will incentivize them to spend more time with potential clients. One important aspect of performance measurement is appropriately assigning responsibility based on the level of employee in the ierarchy of the company. If done incorrectly or in an imbalanced fashion, then employees may feel as though they have an unfair rork environment. Which of the following responsibilities would be more appropriate to assign to a staff-level employee? To increase sales by four percent within the next two months. To recruit new staff for the art department so that they can continue to internally promote. To research and visit new potential markets. To reduce the company's employee turnover