In the Introduction Phase of the PLC It Is Important

question 4

Multiple Choice

In the introduction phase of the PLC it is important to _________.

• A)Inform and educate the target audience about the product's features and benefits
• B)Link the brand with key product features and highlight differentiation between competitors
• C)Work to further differentiate the product from those of competitors
• D)Decide whether to invest further in the product or allocate funding to a new project(s)
• E)Target the high-end market with a differentiated product and higher price point

Identify and analyze the role of group norms, organizational culture, and ethical culture in influencing employee behavior and organizational performance.

Differentiate between centralized and decentralized organizational structures and their advantages.

Explain the importance and function of internal controls, audits, and legal requirements in maintaining ethical standards within an organization.

Understand the concept of whistle-blowing and the conditions under which it is effective.

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Definitions:

Time Card

A record of the hours worked by an employee, used to calculate payroll and ensure compliance with labor laws.

Internal Control

Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Payroll Bank Account

A designated bank account used exclusively for processing payroll transactions and managing salary disbursements.

Quick Ratio

A measure of a company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.