Hammer and Nails, Local Motion, DIY Palace, and Handy Paradise

question 55

Multiple Choice

Hammer and Nails, Local Motion, DIY Palace, and Handy Paradise are all hardware stores that compete against each other through everyday low pricing and discounts on bulk purchases. All four stores cater to the needs of highly price-sensitive customers. Thus, together these stores form a

• A) focus group.
• B) command group.
• C) strategic group.
• D) cross-functional group.

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Definitions:

Human Resources

The department within a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs.

Smooth Running Operation

A situation or condition where business processes or systems function efficiently without any major disruptions.

Work In Process Inventory

Items currently under production but not yet finished.

Cost Of Goods Manufactured

The total production cost (material, labor, and overhead) of goods completed and transferred out of the work-in-process account during a period.