During the Process of Operational Planning, Management Must Compare Market

question 161

Multiple Choice

During the process of operational planning, management must compare market demand with

• A) market supply.
• B) consumer demand.
• C) planned supply.
• D) available human resources.
• E) capacity.

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Definitions:

Competitive Implications

The potential impacts or consequences that actions of one business can have on its competitors in the market.

Trade Restrictions And Quotas

Measures implemented by governments to control the amount and type of goods that can be imported or exported, affecting international trade.

Political Risk

The risk of losses due to changes in a country's political landscape or government policies that can affect investments or operations.

Licensing Agreement

A legal contract allowing one party to use another party's property or intellectual property under specified conditions.