An example of an illegal monopoly is
a. a national labor union.
b. the only electric company in the state.
c. a commuter airline that has eliminated competition by slashing prices.
d. the only farmers' cooperative in three states.
C
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Indicate whether this statement is true or false.
The danger associated with remaining customer-led is that:
A) businesses may ignore unexploited opportunities. B) customer benefits may not be considered always. C) businesses might ignore core competencies when serving customers. D) the marketing programs would turn out to be outbound.
People who listen critically to the messages of others and do not just accept what is presented to them do all of the following EXCEPT
a. spot faulty reasoning. b. identify invalid arguments. c. spot gross appeals to prejudice. d. be rude to the speaker.
Answer the following statements true (T) or false (F)
1. There is no need for managers to have employees participate in developing the budget because the budget is a management tool. 2. strategic budget is a long-term financial plan used to coordinate the activities needed to achieve the long-term goals of the company. 3. An operational budget is a short-term financial plan that coordinates activities needed to achieve short- term goals. 4. A strategic budget will be as detailed as an operational budget. 5. A static budget is a financial plan for only one level of sales volume.