When Local Store Managers Try to Spot Trends and Changes

question 20

Multiple Choice

When local store managers try to spot trends and changes so that they can respond to customer needs, they are attempting to ________.

• A) increase the elasticity of supply
• B) decrease the transaction costs
• C) manage the external environment
• D) increase the division of labor

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Definitions:

Ingroup Bias

The bias towards giving preference to people within one's own group over those from outside groups.

Enhance Performance

The process of improving or augmenting the effectiveness, efficiency, or quality of an action or function.

Violin Player

An individual who plays the violin, a four-stringed musical instrument played with a bow.

Audience

A group of individuals who actively listen, view, or read any form of communicative work.