Businesses Use Metrics in Order to

question 53

Multiple Choice

Businesses use metrics in order to

• A)lower production costs.
• B)eliminate inventory costs.
• C)evaluate a strategy and quantify a trend.
• D)recognize a market and develop a new product.
• E)implement personal selling strategies.

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Definitions:

Timely Fashion

Completing tasks or obligations within a designated or reasonable time frame.

Statute of Frauds

A rule of law that mandates specific types of contracts must be documented and signed by the involved party to deter fraudulent activities and false testimonies.

Additional Obligations

Additional obligations mean extra duties or responsibilities that may be added to an agreement or contract beyond its originally stipulated terms.

UCC

A vast array of regulatory provisions for commercial transactions in the United States is constituted within the Uniform Commercial Code.