Which of the following is NOT a facet of marketing?
A. recruiting
B. brand development
C. public relations
D. advertising
E. research
Answer: A
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Why is it necessary for a good negotiator to have a willingness to take risks and an ability to tolerate ambiguity in a business negotiation?
A. To supply information to customers so that they can pick features that they do not need B. To aggressively create new "needs" in customers through persuasion C. To try to get every concession possible out of the buyer D. To both accept and offer concessions during a meeting without complete information E. To indulge in browbeating, which will help both parties achieve their organizational goals
Describe a process from your own personal experience at home or work that suffers from a lack of sufficient throughput. Apply the first four TOC steps to address the situation, assuming you have complete authority to do so
What will be an ideal response?
Sid burned his own warehouse in an attempt to collect on a fire insurance policy. Sid has committed
A. arson since he maliciously used fire to damage or destroy personal property. B. larceny since he committed an act intended to wrongfully obtain money from his insurance company. C. a crime called "burning to defraud insurers" since the crime of arson only applies to property owned by another person. D. an intentional tort, but not a crime since a person has a right to destroy his own property.
One Key Business Rule emphasizes mastering the competitive environment to stay ahead of rivals. Which of the following is NOT a core area of focus for business managers following this rule?
A) being responsive to customers B) achieving innovation in products and services C) striving for employee efficiency D) remaining compliant with government regulations E) continually improving products and services