A Company Realizes That Recent Layoffs at Its Primary Company

question 64

Multiple Choice

A company realizes that recent layoffs at its primary company reflect potential falling demands for its customers' products, and hence for its own products. The company has engaged in:

• A) flow strategy.
• B) market segmentation.
• C) mission statement redefinition.
• D) environmental scanning.

---

Definitions:

Waiting Line System

A methodical process used to manage the queue of entities waiting to receive services, optimizing both service and waiting times.

Available Teller

Refers to a bank employee who is present and able to assist customers with transactions and inquiries.

Single-Phase System

An electrical power system that uses a single alternating current (AC) voltage cycle for transmission and distribution.

Single Channel System

A type of service or queue system where there is only one point or line for service, handling one customer at a time.