Which of the Following Is a Reason for the Use

question 40

Multiple Choice

Which of the following is a reason for the use of performance management in organizations?

• A) it contributes to total quality
• B) it is better than performance appraisal
• C) it is important because it helps in strategic planning
• D) All of the above.

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Definitions:

Revamped Product

A product that has been significantly modified or updated with new features, design, or packaging to improve its appeal or functionality.

Product Life Cycle

The stages a product goes through from introduction to growth, maturity, and decline in the market.

Product Price

The amount of money required to purchase a product, determined by factors like cost of production, market demand, and competition.

Product Life Cycle

A theory that describes the stages a product goes through from its introduction to the market to its decline and eventual withdrawal.