The Concept of Marginal or Incremental Analysis Helps Decision Makers

question 45

Multiple Choice

The concept of marginal or incremental analysis helps decision makers to ________.

• A)determine global competition
• B)analyze trade agreements
• C)protect government expenditures
• D)establish accounting procedures
• E)optimize returns or minimize costs

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Definitions:

Social CRM

The use of social media technology and services to enable organizations to engage their customers in a collaborative conversation in order to provide mutually beneficial value in a trusted and transparent manner.

Social Media Technology

The technologies that enable the creation, sharing, and exchange of information and ideas in virtual communities and networks.

Collaborative Conversation

A dialogue where two or more parties work together towards a common goal, sharing information and ideas.

Bullwhip Effect

Erratic shifts in orders up and down the supply chain.