What Are the Two Most Important Management Challenges in Building

question 83

Multiple Choice

What are the two most important management challenges in building a successful e-commerce presence?

• A) developing a clear understanding of business objectives and knowing how to choose the right technology to achieve those objectives
• B) having an accurate understanding of your business environment and an achievable business plan
• C) building a team with the right skill sets and closely managing the development process
• D) identifying the key components of your business plan and selecting the right software, hardware, and infrastructure for your site

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Definitions:

Operating Profit

The profit earned from a firm's normal business operations, excluding deductions of taxes and interest.

Markdown

A reduction in the selling price of goods or services, often used as a sales strategy to encourage consumer purchases or to clear older stock.

Mark-up

The difference between the cost of a product or service and its selling price, expressed as a percentage of the cost.

Spoilage

Products or materials that have become unfit for sale or use, often leading to financial loss for a business.