Modern businesses rely heavily on the use of the telephone to conduct day-to-day operations and communicate with internal and external customers.
Answer the following statement true (T) or false (F)
True
Effective use of the telephone saves employee time and effort. Modern businesses rely heavily on the use of telephones to conduct day-to-day operations and communicate with internal as well as external customers.
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According to your textbook, an organization that is constantly failing, then exploring, then failing and so on is said to be:
a. In a ‘success trap’ b. In a ‘failure trap’ c. In an ‘exploitation trap’ d. In ‘ground hog day’
An informational report presents data without analysis and recommendations
Indicate whether the statement is true or false
Which of the following statements about economic systems is NOT true?
A. Producers always make a profit in a market-directed system. B. A command economy is more likely to work if the variety of goods and services is small. C. Government has less of a role in market-directed economies than in command economies. D. Both market-directed and command economies need a macro-marketing system. E. A market-directed economy self-adjusts through producer and consumer choices.
What are the three key functions of a firm and what is each responsible for?
What will be an ideal response?