What is the purpose of profitability control?
What will be an ideal response?
The purpose of profitability control is to examine where the company is making and losing money. Companies should measure the profitability of their products, territories, customer groups, segments, trade channels, and order sizes to help determine whether to expand, reduce, or eliminate any products or marketing activities.
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We define packaging as all the activities of designing and producing the container for a product. This includes up to three levels of material: primary package, secondary package, and ________ package
A) retailer B) design C) shipping D) consumer E) supplier
Which of the following dimensions of entrepreneurial orientation is described as "a forward-looking perspective characteristic of a marketplace leader that has the foresight to seize opportunities"?
A. Proactiveness B. Risk taking C. Competitive aggressiveness D. Autonomy
"Jamel, I agree with your recommendation to purchase the new instrument, even though we could develop and manufacture it internally. A purchase will be most ________, as long as you recognize that others will have it as well; in other words, it will not offer a ________," said Phillip Jones, operations manager.
A. time-consuming; price advantage B. cost-effective; time advantage C. cost-effective; competitive advantage D. time-consuming; time advantage E. time-consuming; competitive advantage
In a traditional work environment,
A. jobs require broad skills and knowledge. B. most information is freely shared at all levels. C. rewards are based on individual performance. D. managers and team members jointly determine and plan the work. E. employees at all levels are involved in determining best work methods.