In Which of the Following Managerial Activities Would Learning Curves

question 33

Multiple Choice

In which of the following managerial activities would learning curves probably be the least useful?

• A)Negotiated purchasing
• B)Manpower planning
• C)Location analysis
• D)Budgeting
• E)Pricing new products

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Definitions:

Capital Goods

Long-lasting tangible assets that businesses use in the production of goods and services, such as machinery, buildings, and equipment.

LDCs

Less Developed Countries, nations with a lower level of material wealth, industrialization, and socio-economic development.

Terms Of Trade

The ratio at which a country can trade its exports for imports from other countries.

Price Stability

An economic objective aiming to maintain a steady rate of inflation, allowing for predictable planning and investing.