Only Specially Selected Retailers Are Allowed to Stock and Sell

question 15

Multiple Choice

Only specially selected retailers are allowed to stock and sell the orthopedic shoes by Ace Footware Manufacturers.The firm sells through a limited number of retailers and develops solid working relationships with the retailers to ensure that the product is properly merchandised.The retailers selling the products also provide sales and service support for Ace Footware products.Ace Footware Manufacturers uses which of the following market coverage strategies?

• A) strategic sourcing
• B) multichannel retailing
• C) selective distribution
• D) retail theater
• E) disintermediation

Grasp the concept of prioritizing objectives and the A-B-C priority system.

Understand the elements and importance of a mission statement in organizational planning.

Acquire knowledge about the management by objectives (MBO) cycle and its steps.

Recognize the tools and techniques for project and time management such as PERT and Gantt charts.

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Definitions:

Worker Dissatisfaction

A state where employees are unhappy and dissatisfied with their job conditions, leading to lower productivity and morale.

Basic Task

The fundamental duties or responsibilities associated with a specific job or role within an organization.

Job Characteristics Approach

The job characteristics approach is an alternative to job specialization that takes into account the work system and employee preferences; it suggests that jobs should be diagnosed and improved along five core dimensions.

Job Specialization

The process of focusing one's occupation on a narrow set of tasks or skills, often to increase efficiency and expertise.