A Flow Chart Could Also Be a Cause-And-Effect Diagram

question 74

True/False

A flow chart could also be a cause-and-effect diagram.

---

Definitions:

Internal-oriented Pricing

Pricing strategy focusing on internal factors such as production costs and profit margins rather than market demand or competition prices.

Economic Factors

Variables such as inflation, interest rates, economic growth, and unemployment that influence the performance of an economy and its participants.

Legal Considerations

Aspects that involve or are influenced by laws, regulations, and legal principles, often requiring attention in decision-making processes and business planning.

Site Selection

The process of determining the best location for a business or facility based on various factors like demographics, costs, and regulatory environment.