The Directors of a Company Meet to Decide If They

question 7

Multiple Choice

The directors of a company meet to decide if they should start a new product line or not. This is an example of a(n) ________ decision.

• A) operational
• B) strategic
• C) managerial
• D) procedural

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Definitions:

Forward Buying

The practice of purchasing stock in larger quantities than needed immediately to take advantage of lower prices or anticipated price increases.

Peak Period

The time when demand for goods or services is at its highest, often leading to increased prices and competition.

Time Flexibility

The ability to adapt to changes in scheduling or deadlines.

Workforce

The collective group of individuals engaged in work within an organization, encompassing all employees and labor.