The price at which a buyer is indifferent about buying or not buying the business is called:
A. the point of indifference.
B. the reversing point.
C. caveat emptor.
D. the balance point.
Answer: A
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Answer the following statements true (T) or false (F)
1. In Deming's PDCA cycle, "A" stands for "act," which means to implement the change or make a small scale test. 2. The two core principles of TQM are people orientation and improvement orientation. 3. TQM assumes that, if given empowerment, employees will focus on strategic goal setting. 4. TQM assumes that it's better to make small improvement all the time.
Project feasibility includes all of the following except
a. technical feasibility b. conceptual feasibility c. operational feasibility d. schedule feasibility
When a company tries to make the product or service significantly easier to obtain than the competition, it is trying to achieve ________ leadership as a source of differentiation.
A. price B. personnel C. service D. convenience E. image
TrueBlue uses an MBO program for its performance reviews. Ranelle, the manager, and Louis, the subordinate, are working through that process. Now that a review of the organization performance has been completed, what is the next step?
A. The next step is to delete any inappropriate goals or metrics. B. The next step is for Ranelle and Louis to each list goals and metrics for Louis. C. The next step is to set the organization's common goals and objectives. D. The final step has been completed; the process is done and there is no next step.