The First Step Managers Use to Make Sense of Their

question 6

Multiple Choice

The first step managers use to make sense of their changing environments is:

• A) environmental scanning
• B) perceptual re-engagement
• C) modifying budgets
• D) downsizing
• E) benchmarking

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Definitions:

Barbara Streisand CDs

Compact discs containing music recorded by Barbara Streisand, an American singer, actress, and filmmaker.

Karen Carpenter CD

A compact disc featuring the music of Karen Carpenter, an American singer known for her contributions to the duo The Carpenters.

Per Capita Income

The average income earned per person in a certain area, calculated by dividing the area's total income by its total population.

Price Elasticity

A metric that reflects the degree to which the demand for a product changes in response to alterations in its price, indicating consumer sensitivity to price fluctuations.