Explain the meaning of the following ethics traps: rationalization, conformity, following orders, lost in a crowd, and blind spots.
What will be an ideal response?
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How do environmental factors affect pricing during a product or service's life cycle?
What will be an ideal response?
Which of the following is not a way to build self-esteem?
a. accepting yourself for who you are. b. focusing on your achievements and accomplishments. c. imitating someone else. d. talking with others about your good qualities.
Answer the following statement(s) true (T) or false (F)
1. Material and product shortages is a problem caused by a mismatch between supply and demand. 2. Companies that employ an effective sales and operations planning process possess the ability to manage products and promotional planning. 3. A benefit of the sales and operations planning process is increasing costs. 4. An objective of sales and operations planning is to develop a maximum cost strategy for effectively meeting demands. 5. Resolution of imbalances between expected demand and available capacity in a reactive way is one of the functionalities of the supply planning team.
A plan that lists the types and amounts of selling expenses expected during the budget period is called a(n):
A. Purchases budget. B. Selling expense budget. C. General and administrative budget. D. Sales budget. E. Capital expenditures budget.