When Marissa Performs the Functions of Planning, Organizing, and Executing

question 87

Multiple Choice

When Marissa performs the functions of planning, organizing, and executing activities that increase sales and profits in her territory, she is engaged in which of the following activities?

• A)territory management
• B)operating
• C)sales management
• D)marketing
• E)time management

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Definitions:

Limited Partnerships

A form of partnership composed of one or more general partners who manage the business and are personally liable for partnership debts, and one or more limited partners who contribute capital and share in profits but are not involved in day-to-day operations and have limited liability.

Surnames

Last names or family names used to identify individuals, often passed down through generations.

Financial Obligation

A legal requirement to pay debt or fulfill financial contracts or agreements.

Competing Partnership

A business arrangement where partners are involved in separate ventures that directly compete with each other.