Scenario A: the Ascent,a Mountain Bicycle Manufacturer,has Been in the Bicycle

question 38

Multiple Choice

Scenario A: The Ascent,a mountain bicycle manufacturer,has been in the bicycle industry for a year now.The CEO wishes to better the company.He starts by looking at the sales records of the year that they have been in business and notices that the company's sales have been declining at a steady pace for the past six months and that at present they are selling only half as many bicycles as they want to.In an attempt to increase sales,he either wants to bring down the prices of his bicycles or expand the company by opening a new branch in another area.The CEO shares his views with the sales manager and finance managers.Together they decide that reducing the prices would definitely increase sales,although the profits would come down.They also determine that opening a new branch would only increase expenses.They conclude that they will reduce the prices of the bicycles.The plan is implemented and the CEO keeps a record of the sales every month to make sure the change is effective.
-When the managers were discussing that a change in location would be more expensive and that reducing prices would definitely increase sales,they were

• A)monitoring and controlling the goals and plans.
• B)evaluating the goals and plans.
• C)performing a situational analysis.
• D)finding alternative goals and plans.
• E)implementing the goals and plans.

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Definitions:

Genetic Coding Hypothesis

A theory suggesting that specific genes are responsible for determining particular traits or behaviors in organisms.

Primary Operating Principle

The foundational idea or rule that guides the functionality or behavior of a system or organization.

Seed-stage Company

A business that is at the initial phase of its operations, typically seeking early-stage funding to develop its product or service.

Anticipation

The act of expecting or predicting future events or needs.