Which of the Following Is the Major Challenge for Managers

question 111

Multiple Choice

Which of the following is the major challenge for managers in a fully networked organization?

• A) eliminating the need for paper communication by relying entirely on e-mail, file transfers, and the like
• B) managing people who work together but are geographically separated
• C) maintaining a "virtual office" through the use of computers, interoffice networks, and the Internet
• D) retaining team members who can easily move to another employer when demand for their services changes
• E) managing contract and temporary workers

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Definitions:

Price Elastic

The degree to which the demand for a product changes in response to a change in its price.

Price Inelastic

Characterizes a situation where the demand for a good or service does not significantly change with a change in its price.

Price Volatile

Refers to sudden and significant price changes within short periods, often seen in markets for commodities or securities.

Marketing Mix

The factors that a business can change in selling products to customers—product, place, price, and promotion.