To create meaning and urgency, a company's strategic goals should be linked to a specific deadline.
Answer the following statement true (T) or false (F)
True
The strategic goals of an organization represent concrete benchmarks that managers can use to measure performance in each key area of the organization. The most effective goals are tied to a time frame. To create meaning and urgency, goals should be linked to a specific deadline. See 14-3: Planning: Figuring out Where to Go and How to Get There
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Identify a true statement about the financial terms and conditions of a sale.
A. Free on board (FOB) installed indicates that title and responsibility of an equipment are transferred before it is installed and operating properly. B. The terms and conditions of a sale do not include shipping costs. C. Promo codes encourage large purchases by passing along savings resulting from reduced processing costs. D. Figuring out the final actual price is easy, especially in situations with many options and packages rather than standardized products. E. Factors that affect price are the use of quantity and other discounts, as well as credit and shipping terms.
The first step of a market research program is to establish the problem to be addressed
Indicate whether the statement is true or false
Companies that operate large marketing departments, conduct expensive marketing research, spell out elaborate competitive strategies, and spend huge sums on advertising are using ________ marketing strategies
A) informal B) formulated C) entrepreneurial D) intrepreneurial E) blue ocean
Inference of the existence of a general partnership is drawn only if profits are received as ________
A) share in a partnership B) payment of wages C) interest owed on a loan D) a debt owed to a creditor