Define a category-management organization
What will be an ideal response?
A category-management organization is where a company focuses on product categories to manage its brands.
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Which of the following inventory costing methods requires the calculation of a new average cost after each purchase?
A) specific identification B) weighted-average C) last-in, first-out D) first-in, first-out
Cross sourcing is a strategy in which two suppliers are used for the same purchased product or service
Indicate whether the statement is true or false.
A New Group (Scenario)David had been away from his old company, Control Tech, for a while. He remembered that when he worked there 10 years ago, the company was very traditional and conservative. The lines of authority and responsibility were established and clear. It now felt ironic that he was managing the consulting team that was going to help the organization become more group-oriented. In addition to the traditional hierarchy, with a manager and subordinates, he saw a need to introduce teams comprised of individuals from various work areas to help solve operational problems. He also felt that, for certain projects, there could be groups that function essentially independently, even taking on traditional management responsibilities such as hiring, planning, and scheduling. Plus, he
also saw real potential for special, temporary projects to be handled by groups that would disband once the task was completed.A group of permanent employees who work towards providing solutions to clients on a regular basis reports directly to David. This group can be called a ________ . A. self-managed team B. task group C. command group D. cross-functional team
Price elasticity is a measure of the sensitivity of ________ to changes in price
A) variable cost B) demand C) income D) yield E) total cost