Planning Involves Estimating Future Conditions and Circumstances,and Based on These

question 39

True/False

Planning involves estimating future conditions and circumstances,and based on these estimations,making decisions about the work of the manager and for all employees for whom she or he is responsible.

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Definitions:

Supermarkets

Large retail stores offering a wide variety of food and household products, organized into aisles.

Straight Rebuy Order

A routine purchase transaction in which a business reorders a product without any modifications to the specifications or terms.

Wholesaler

Firm engaged in buying, taking title to, often storing, and physically handling goods in large quantities, then reselling the goods (usually in smaller quantities) to retailers or industrial or business users.

Derived Demand

Demand for a product or service that arises from the demand for another product or service, such as the demand for steel being derived from the demand for cars.