As a Low-Level Manager at Your Company,you Are Responsible for Activities

question 68

Multiple Choice

As a low-level manager at your company,you are responsible for activities that make the day-to-day operation of the business run smoothly,like ordering office supplies and creating work schedules.This is called ____.

• A) operational planning
• B) tactical planning
• C) strategic planning
• D) analysis

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Definitions:

Collusion

A secretive or illegal agreement between parties to limit competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law.

Winner's Curse

A situation in an auction where the winning bid exceeds the intrinsic value or true worth of an item.

Sequential Entry

A market entry strategy where businesses or competitors enter a market one after another, as opposed to entering simultaneously.

Marketing Rights

The permissions or licenses purchased or acquired by entities to promote, sell, or distribute a product or service.