Planning Variances Are

question 5

Multiple Choice

Planning variances are:

• A) Due to the actual performance being at variance with plan
• B) Caused by plans that are not realistic at the time of performance
• C) Caused by human factors that result in a variance from the plan
• D) Due to bad planning

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Definitions:

Discernible Brand

A brand that is easily recognized and distinguished from others in the market due to unique characteristics or qualities.

Penetration-Pricing

A pricing strategy where a product is initially set at a low price to attract customers and gain market share, eventually raising prices once this objective is achieved.

Incidental Learning

Learning that occurs unintentionally and without explicit attempts to learn.

Vicarious Observation

The process of learning behaviors or skills by watching the actions of others, without direct personal experience.