The Following Organizational Approaches Accomplish Tasks Necessary to Develop and Manage

question 129

Multiple Choice

The following organizational approaches accomplish tasks necessary to develop and manage products: market manager approach, product manager approach, and the ____ approach.

• A) brand manager
• B) functional team
• C) multiproduct manager
• D) special projects
• E) venture team

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Definitions:

Current Assets

Resources intended to be turned into cash, sold, or used up either within one year or over the course of the business's operating cycle, depending on which period is greater.

Cash Reserves

Funds that a company or individual keeps on hand to meet short-term and emergency funding needs.

Inventory Turnover

A calculation representing the turnover rate of a company's stock, showing how often it's sold and replaced within a given period.

Current Ratio

A liquidity measure that evaluates a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.