Which of the following is an example of an organization's product/service-related objective?
A) decreasing development cycle time (inception to launch) from 18 months to 12 months
B) improving sales of new services from 10% of total sales to 15% of total sales within one
year
C) increasing the portion of the market controlled in new market Y from 0% to 12% within
one year
D) increasing brand awareness in market X by 30% within one year, as measured by survey Y
A
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If the expected inflation rate is 3 percent, the nominal interest rate is 5 percent, and the actual inflation rate turns out to be 4 percent, then the realized real interest rate is ____ than the expected real interest rate and borrowers ____ relative to lenders.
A. less; gain B. less; lose C. greater; gain D. greater; lose
What are exclusive distribution and dealing arrangements, and when are they legal?
What will be an ideal response?
Auditors of ERP systems
a. need not be concerned about segregation of duties because these systems possess strong computer controls. b. focus on output controls such as independent verification to reconcile batch totals. c. are concerned that managers fail to exercise adequate care in assigning permissions. d. do not view the data warehouse as an audit or control issue at all because financial records are not stored there. e. need not review access levels granted to users because these are determined when the system is configured and never change.
The iceberg metaphor shows that many customers try to negotiate on price because:
A) price is often inflated to attempt to maximize profits for the company B) price is the most easily quantifiable characteristic of any product C) they were trained to negotiate on price and price alone D) they feel that they are not fulfilling their duties as buyers if they do not attempt to get lower prices E) they do not realize that other factors, such as service and terms, can be more important to long-term satisfaction