A proactive balancing of scarce business resources with demand is known as ________.
Fill in the blank(s) with the appropriate word(s).
Answer: demand management
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An internal issue to be considered when setting a price is
A) whether there is a sole source or heavy competition. B) total demand for the product or service. C) the quality of material and labor. D) the number of competing products or services.
Acme Global decided to start offering its employees a $1,000 bonus if they encourage a friend or family member to apply to the company. The employee does not get the bonus until the new hire has been working at Acme Global for one year. Acme Global’s new policy is properly referred to as _________.
A. open recruitment B. targeted recruitment C. closed recruitment D. employee referrals E. None of the above
What was Johnson & Johnson's response when in 1986, someone tampered with a bottle of its popular product Tylenol?
A) The company removed Tylenol from stores. B) The company produced a tamper-proof cap. C) both a and b D) neither a nor b
The PDCA cycle includes programming, design, control, and acceptance
Indicate whether the statement is true or false