Marietta Is the Product Manager at Fireflies Ltd

question 103

Multiple Choice

Marietta is the product manager at Fireflies Ltd., a company that designs and manufactures clothes and fashion accessories. Noticing the rising popularity of rhinestone jewelry and the fact that only a handful of stores actually stocked it, she decided to take advantage of the latent demand in the market. Marietta knew that she was taking a risk by committing organizational resources to pursuing this idea, but was confident about the merit of her decision. In deciding the allocation of resources for attaining her goals, which managerial task can Marietta be said to be performing?

• A) Leading
• B) Organizing
• C) Planning
• D) Restructuring
• E) Controlling

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Definitions:

Indifference Curve

A graphical representation showing combinations of two goods between which a consumer is indifferent, indicating equal levels of satisfaction.

Favorite Bundle

Refers to the combination of goods or services that maximizes a consumer's satisfaction or utility, based on their preferences and budget constraints.

Indifference Curve

A graph representing different bundles of goods between which a consumer is indifferent, showing preferences and trade-offs.

Consumption Bundle

A set of goods or services that a consumer considers purchasing with a given budget.