Using ____ a Supervisor Focuses on Critical Control Needs and Allows

question 40

Multiple Choice

Using ____ a supervisor focuses on critical control needs and allows employees to handle most routine deviations from standard.

• A) Positive control.
• B) Management by exception.
• C) Maslow's hierarchy.
• D) Standard deviation.

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Definitions:

New Profit Pools

Areas within a market where new revenue and profit can be generated, often identified through changes in consumer behavior or emerging trends.

New Customer Segments

Identifying and targeting previously unrecognized groups of customers with specific needs or preferences within a market.

Diversification Strategy

A business approach that involves entering into new markets or creating new products to spread risk and depend less on a single market or product line.

Forward Integration

A business strategy where a company controls the distribution or supply chain for its products by moving downstream in the production process, often to get closer to the end consumer.