What Must Managers Be Able to Do to Compete in Today's

question 75

Multiple Choice

What must managers be able to do to compete in today's global marketplace?

• A) Make decisions to gain competitive advantages
• B) Make decision that can help forecast future business needs
• C) Make decision that can help forecast future business requirements
• D) All of these choices

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Definitions:

Interstate Commerce

Refers to any trade, traffic, or transportation within the U.S. that crosses state boundaries or affects more than one state.

Arbitration Clause

A clause in a contract providing that, in case of a dispute, the parties will determine their rights through arbitration rather than through the judicial system.

Dispute

A disagreement or conflict between parties that can be resolved through negotiation, mediation, or legal action.

Negotiation

A dialogue between two or more parties intended to reach a beneficial outcome over a conflict, disagreement, or to forge agreements while addressing each party's interests.