In the "2015 Management Tools and Trends" Survey by Bain

question 76

Multiple Choice

In the "2015 Management Tools and Trends" survey by Bain & Company, top concerns of managers as revealed in the survey include all of the following except:

• A) the threat of cyber attacks.
• B) the pace of change brought about by digital technologies.
• C) increasing costs and slow growth.
• D) decreasing customer loyalty.
• E) pessimism about the economy recovery.

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Definitions:

Average Revenue

The amount of money a firm earns per unit of output sold, calculated by dividing total revenue by the quantity sold.

Marginal Cost

The increase or decrease in the total cost that arises when the quantity produced is incremented by one unit.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the total quantity produced.

Total Revenue

The overall income obtained by an enterprise from its sales or services within a designated period.