Which of the Following Is the First Step in the Process

question 21

Multiple Choice

Which of the following is the first step in the process of performance management?

• A)Develop employee goals behavior, and actions to achieve outcomes.
• B)Define performance outcomes for company division and department.
• C)Provide consequences for performance results.
• D)Identify the improvements needed.
• E)Provide support and ongoing performance discussions.

---

Definitions:

Product Differentiation

The process of distinguishing a product or service from others in the market to make it more attractive to a specific target market.

Economic Analysis

The process of examining statistics, market trends, and financial principles to make a comprehension of the economic landscape for decision-making purposes.

Product Promotion

Product Promotion involves various techniques and strategies used by businesses to inform, persuade, and remind consumers about their products and services.

Strategic Pricing

Involves setting prices based on market factors, competition, and company goals to maximize profitability or market share.