To Be Effective, Control Systems Should

question 104

Multiple Choice

To be effective, control systems should

• A)keep performance standards flexible and easy.
• B)focus on one-way top-down communication.
• C)be acceptable to all stockholders.
• D)use multiple control approaches.
• E)centralize decision making.

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Definitions:

Product

An item or service created through a process to satisfy consumer needs or desires.

Price

The amount of money required to purchase goods or services, serving as a reflection of value, costs, and market demand.

Dual Distribution

Dual distribution refers to a marketing strategy where a firm reaches its customers through two or more different types of distribution channels.

Merchandise

Products or goods that are bought, sold, or traded, often within the retail industry, to satisfy consumer needs and wants.