The idea that people are the key to productivity, competitive edge and financial success is called? Explain why it is so important.
What will be an ideal response?
* Strategic OB approach
*The success of an organization lies with its people, and without people, there would be no companies or
industries
*You may have the best product, but if you don’t have the right people in place then your business will
suffer
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The strategic market plan called "optimize position" is an offensive strategy often used in the early stages of the product life cycle
Indicate whether the statement is true or false
Which of the following is an internal source of product information for a customer?
A. Search engines B. Websites C. Product demonstrations D. Past shopping experiences E. Blogs
A Theory Y manager believes that under conditions of modern industrial life, the intellectual potential of the average human being is only partially tapped.
Answer the following statement true (T) or false (F)
The ________ is an inventory management technique that minimizes inventory investment by having materials inputs arrive at exactly the time they are needed for production
A) ABC system B) FIFO method C) MRP system D) JIT system