A Firm That Uses the Economy Strategy Is More Likely

question 14

Multiple Choice

A firm that uses the economy strategy is more likely to lower its profitability because of ________.

• A) price wars
• B) brand image
• C) value mapping
• D) poor distribution methods

---

Definitions:

Feedforward Control

A method in management and systems theory where future system states are anticipated and actions are taken in advance to ensure organizational goals are achieved.

Work Process

Describes the sequence of steps or tasks undertaken to produce a product or service, often emphasizing efficiency and quality.

Feedforward Controls

A management technique that involves monitoring inputs and providing feedback before tasks are carried out to ensure goals are met efficiently.

Preliminary Controls

Initial measures or procedures put in place to monitor and regulate processes or operations.