Three Primary Methods of Collecting Information for Environmental Scanning Are

question 7

Multiple Choice

Three primary methods of collecting information for environmental scanning are

• A) marketing research, company records, and advance orders.
• B) secondary sources, company records, and observation.
• C) executive knowledge, media, and marketing research.
• D) observation, secondary sources, and marketing research.
• E) company database, executive knowledge, and research.

Understand the definition and measurement of inflation through various indexes like CPI.

Understand and identify different types of unemployment and their implications.

Comprehend the inflation rate calculation and its significance.

Recognize the factors causing inflation (cost-push and demand-pull).

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Definitions:

Equal Employment Opportunity

Policies and regulations ensuring that all individuals have an equal chance for employment, without discrimination on the basis of race, color, religion, sex, or national origin.

Equal Pay

A principle requiring that men and women be given equal pay for equal work in the same establishment.

Broad Bands

A strategy in pay structure where a wide range of salaries is offered within a single pay band, allowing for greater flexibility in employee payment.

Promoting Employees

The process of advancing an employee's rank or position within a company, often accompanied by an increase in salary and responsibilities.