At a minimum, the price of a product or service must cover:
A. the owner's expected return on investment.
B. the cost of bringing it to customers.
C. all costs of the business plus the profit margin.
D. production and distribution costs.
Answer: B
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Which of the following is not a characteristic of a successful incentive pay plan?
A. Clear goals B. Regular communication with employees about the incentive plan C. Realistic goals D. Complex and comprehensive rules E. Consistency with the organization's existing goals
Regarding the chapter’s strategic planning model, strategic premises are developed on the basis of ______.
a. an environmental assessment b. an internal audit c. the organization’s most comprehensive vision d. key performance indicators
An important step in avoiding discriminatory practices during selection is to
A. base selection decisions solely on interviews. B. use multiple interviewers for each applicant. C. use validation studies to demonstrate the job-relatedness of a selection instrument. D. require all applicants to complete an application form.
Which of the following is NOT one of the four types of customization occurring within manufacturing supply chains?
a. make-to-stock (MTS) b. make-to-order (MTO) c. customize-to-stock (CTO) d. engineer-to-order (ETO)