Which of the following are the basic functions of management?
A) Supervising and directing
B) Decision making and supervising
C) Organizing and directing
D) Planning and controlling
D
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Your firm has experienced a decline in sales over the last three quarters. You have traced the problems to distribution inefficiencies. Which of the following should you track to ensure that the firm's distribution efficiency is maximized?
A) average sales per point of sale B) sales from new products C) trial rate D) repurchase rate E) new customer gains
People's diverse interests and backgrounds divide them into numerous groups with distinct needs and wants, a condition most accurately described as ________
A) market aggregation B) market positioning C) economic aggregation D) disintermediation E) market fragmentation
Ordering costs, holding costs, and loss in profits due to stockouts are effectively controlled in _____
a. prototype stores b. zero-based budgeting c. incremental budgeting d. inventory management
When a party commits an anticipatory breach, the nonbreaching party ________
A) must wait until the performance was due before suing B) is immediately discharged from his or her own duties C) cannot seek damages because he or she received advance notice of the breach D) loses his or her right to sue after the due date for performance is reached