All of the Following Are Major Causes of the Lack

question 97

Multiple Choice

All of the following are major causes of the lack of innovative marketing in many service industries except

• A) a limited view of marketing.
• B) a lack of strong competition.
• C) a lack of creative management.
• D) a high degree of obsolescence.

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Definitions:

Flexible Budget

A budget designed to change in response to variations in volume or activity levels.

Food

A substance consumed by living organisms to provide nutritional support, primarily obtained through plants, animals, or fermentation.

Supplies

Items used in the operation of a business or manufacturing process, which are not directly associated with the products being made.

Net Operating Income

The financial metric that calculates a company's profitability from its normal business operations, deducting operating expenses from the revenue.