A Manager Might Use _____ as a Type of Communication

question 3

Multiple Choice

A manager might use _____ as a type of communication.

• A) meetings
• B) telephone conversations
• C) talking informally
• D) all of these
• E) meetings and telephone conversations

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Definitions:

Price

The amount of money required to purchase a good, service, or asset, determined by factors like supply and demand, production costs, and market competition.

Economies Of Scale

The cost advantage that arises with increased output of a product, where the cost per unit decreases as production expands.

Financial Resources

Funds available to a business or individual for spending in the form of cash, liquid securities, and credit lines.

High Capital Costs

Expenses incurred in acquiring or upgrading physical assets such as buildings and machinery, which can be a barrier to entry for new companies.