Which of the Following Was Not Given as a Guideline

question 11

Multiple Choice

Which of the following was not given as a guideline for external monitoring?

• A)examine a wide range of developments and trends in the environment
• B)make an extra effort to learn what clients and customers want and need
• C)identify both the strengths and weaknesses of competing products
• D)rely primarily on your own intuition to analyze the environment

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Definitions:

Factor 2

In a variety of contexts, this could refer to the second variable or element in an equation, model, or experimental design that influences outcomes.

Price

The amount of money or compensation commanded by something in a market; the cost at which something is bought or sold.

Factor Price

The payment for the use of a factor of production, such as labor wages, rent for land, or interest for capital.

Production Function

A mathematical representation outlining how inputs are transformed into outputs in a production process.