One of the Organizational Objectives of Valpo Industries,a Pharmaceutical Firm,is

question 72

Multiple Choice

One of the organizational objectives of Valpo Industries,a pharmaceutical firm,is "to develop a new line of drugs for the treatment of life-threatening diseases such as cancer and AIDS,through the use of patented technology and processes." According to Drucker,this objective relates to ________.

• A)market standing
• B)innovation
• C)productivity
• D)profitability
• E)public responsibility

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Definitions:

Profitability Per Square Foot

A financial metric used in retail and real estate to assess how much profit is being generated for each square foot of sales or rental space.

Heuristics

Problem solving using procedures and rules rather than mathematical optimization.

Material Handling Requirements

These are specifications outlining the necessary procedures and equipment for transporting, storing, and controlling materials and products in a production or warehouse environment.

Space Requirements

The area needed to perform operations or activities, often considered in planning and design of facilities.