What Activity Do Company Managers Undertake So That They Can

question 106

Multiple Choice

What activity do company managers undertake so that they can later measure success or failure at every organizational level?

• A) planning tactics
• B) setting goals
• C) devising strategies
• D) auditing skills
• E) publicizing promotions

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Definitions:

Operations Strategy

A plan that outlines how a business will allocate resources to support infrastructure, production, and logistics to meet customer demand and maintain a competitive advantage.

Location Strategy

The decision-making process for determining the geographical placement of the operations of a business.

Service Firms

Companies that provide intangible products or services to consumers or other businesses, as opposed to tangible goods.

Manufacturing Costs

The total expenses involved in producing a product, including materials, labor, and overhead costs.