_____________ Involves Planning but Also Involves Improving Efficiency and Increasing

question 1

Multiple Choice

_____________ involves planning but also involves improving efficiency and increasing productivity while placing emphasis on quality.

• A) Management by objectives
• B) Organizational planning
• C) Total quality management
• D) Strategic forecasting

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Definitions:

Entrepreneurs

Individuals who undertake the creation, organization, and management of a business venture, along with its risks, in order to make a profit.

Marketplace

A platform or environment where commercial transactions between buyers and sellers take place.

Opportunity Recognition

The ability to identify a viable idea or market gap that can be exploited for business or entrepreneurial purposes.

Customer Needs

The recognized problems, desires, or aspirations of consumers that drive their purchasing behavior and preferences.