In Order to Develop the "Right Strategy" to Succeed in Business,managers

question 2

Multiple Choice

In order to develop the "right strategy" to succeed in business,managers must make the right decisions;and in order to make the right decisions,they must have objective,accurate,and timely:

• A)reports about the competition.
• B)reports about customers' wants and needs.
• C)evidence of the number and sizes of market segments.
• D)information.
• E)marketing mix elasticity coefficients.

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Definitions:

Department of Labor

A federal agency responsible for promoting the welfare of job seekers, wage earners, and retirees in the United States by improving working conditions and ensuring employment rights.

Taft-Hartley Act

A 1947 federal law that restricts the activities and powers of labor unions in the United States.

Landrum-Griffin Act

The Landrum-Griffin Act (officially called the Labor Management Reporting and Disclosure Act) focused on eliminating various unethical, illegal, and undemocratic union practices.

Worker Adjustment and Retraining Notification Act

A U.S. federal law that requires employers to provide advance notice in cases of qualifying plant closings and mass layoffs.