Hiro, the Manager of a Convenience Store, Is Interested in Implementing

question 78

Multiple Choice

Hiro, the manager of a convenience store, is interested in implementing the principles of administrative management, which involves

• A) doing time-motion studies.
• B) focusing on efficiency and effectiveness
• C) increasing synergy.
• D) managing the total organization.
• E) implementing MBO.

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Definitions:

Recession

A significant decline in economic activity across the economy, lasting for a period of months or years, typically recognized by a decrease in GDP.

Satisfying Product

A product that meets or exceeds customer expectations, providing them with value and satisfaction.

Product Benefit

The value or advantage that a product offers to the customer, addressing their needs or solving their problems, often used as a key selling point.

Buyer

An individual or organization that purchases goods or services.