Ralph Has Always Enjoyed Fireworks and Has Set Up a Booth

question 6

Essay

Ralph has always enjoyed fireworks and has set up a booth from June 4 through July 4. Additional inventory is scheduled to be sent throughout the month. Ralph is now wondering if he has ordered too much. List three reasons that could have motivated Ralph in his inventory buying.

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Definitions:

Organisational Objectives

Goals and targets set by an organization to direct activities and measure success.

Standing Plans

Pre-established policies, procedures, and rules designed to guide actions and decision-making in an organization's recurring situations.

Strategic Plans

A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Single-use Plans

Specific plans developed to achieve a particular goal that is not expected to recur, used for unique or non-routine situations.