Managers who collect information and use analytical techniques make decisions that are ______.

A. based on gut instinct
B. quick and easy
C. less effective and profitable
D. more effective and profitable


D. more effective and profitable

Business

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Flexible budgets can be used only for planning purposes

Indicate whether the statement is true or false

Business

An essential part of marketing strategy is target market strategy. Selection of target market(s) drives marketing objectives and selection of the marketing mix (the four Ps). What are the three general strategies for selecting target markets?

What will be an ideal response?

Business

The service profit chain is the service sequence from employees to customers to profit. According to this concept, the company's strategy and service delivery system determines ________.

A. the skill development of employees B. how the firm performs in the short run C. the employee satisfaction in the company D. how employees service customers

Business

When fact-finding fails to produce an agreement between disputing parties, the NLRB may step in and force an agreement upon the parties.

Answer the following statement true (T) or false (F)

Business