A Car Manufacturer Launches a 2014 Version of Their Newest

question 214

Multiple Choice

A car manufacturer launches a 2014 version of their newest vehicle and has internally stated that each car will have a profit margin of 25%.Manufacturing and marketing need to know this number so they can plan accordingly.The stated profit margin of 25% is an example of a(n) :

• A)a business mission.
• B)pricing constraints.
• C)pricing objectives.
• D)a pricing plan.

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Definitions:

External Environment

Factors and forces outside an organization that affect its performance, including economic, social, technological, legal, and political elements.

Organizational Planned Change

A deliberate process initiated by an organization to improve or alter its current state for better results.

HR Planning

The process by which an organization ensures that it has the right number and kind of people, at the right place, at the right time, capable of effectively and efficiently completing tasks that will help the organization achieve its overall strategic goals.

HR Metric

A measurable value that is used to track and assess the efficiency and effectiveness of HR policies and procedures.