Mingles, Inc

question 62

Multiple Choice

Mingles, Inc. concentrates its efforts on its target market of 18 to 25 year olds. It is using a __________ strategy.

• A) focus
• B) differentiation
• C) cost leadership
• D) multidomestic
• E) universal

Grasp the concept of collaboration and competition among entrepreneurs.

Identify the challenges and successes associated with family businesses and serial entrepreneurs.

Understand the purpose and elements of usability testing.

Identify various settings and methods for usability studies.

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Definitions:

Lot-Sizing Algorithms

Mathematical formulas designed to determine the optimal order quantity that minimizes the total costs, including ordering and holding costs.

MRP

A system known as Material Requirements Planning calculates the necessary components and materials for manufacturing a product.

DRP

Disaster Recovery Plan; a strategy for business continuity that focuses on recovering IT infrastructure and systems after a disaster.

Enterprise Resource Planning

A software system that allows an organization to manage and integrate important parts of its business.