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According to the ________ Concept, a Firm Must (1) Find

question 166

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According to the ________ concept, a firm must (1) find out what customers want and provide it, (2) make sure everyone in the organization has customer satisfaction as an objective, and (3) provide goods and services that will earn a profit.


Definitions:

Participative Decision Making

A leadership and management approach where employees at all levels are involved in the problem-solving and decision-making processes, leading to more democratic and inclusive organizational practices.

Managerial Tasks

Responsibilities and activities undertaken by managers, such as planning, organizing, leading, and controlling to achieve organizational goals.

Performance Enhancement

A strategy or approach aimed at increasing the efficiency, productivity, or effectiveness of an individual or organization.

Planning And Scheduling

The act of outlining actions, allocating resources, and timing activities to achieve specific objectives efficiently.

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