Differing individual perception of culture makes it easier to define the specific culture within an organization.
Answer the following statement true (T) or false (F)
False
Defining the specific culture within an organization is not an easy task since it is partially based on each participant's perception of the culture.
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Lottony, Inc is concerned about its profitability for the current year, since its profit margin has dropped 10% since last year. Which of the following is the least useful comparison in evaluating the drop in Lottony' profit margin?
a. Comparison with the industry average for the current year b. Comparison with its current ratio for the current year c. Comparison with the profit margins for its major competitors for the current year d. Comparison with its profit margins for the past five years
When a product has ________ demand, an increase or decrease in the price of the product has little or no effect on the demand for the product
A) elastic B) joint C) derived D) inelastic E) fixed
_______ in customer service refers to making the product or service available when and where the customer wants it.
A. Comfort B. Delivery C. Convenience D. Time
In order to stand apart, the airline Fly High Air offers low airfares and heavy seasonal discounts. However, it charges its passengers for in-flight meals, water, and baggage service, while its competitors offer these services for free. Fly High Air is following a(n) ________ pricing strategy.
A. odd-even B. bid C. negotiated D. unbundled E. markup