The Management Function Concerned with Anticipating Future Trends and Determining

question 178

Multiple Choice

The management function concerned with anticipating future trends and determining the best strategies to achieve an organization's goals and objectives is known as

• A) directing.
• B) leadership.
• C) planning.
• D) forecasting.

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Definitions:

Product Labels

Information tags, stickers, or printed information on a product's packaging that provides details about the product, such as ingredients, usage instructions, and manufacturer information.

Benefits

The advantages or positive outcomes that customers perceive they will receive from a product or service.

Inexpensive Brand

A brand that is marketed and priced to be affordable to a wide range of consumers.

Premium Brand

A brand that is perceived to offer higher quality and status compared to standard brands, often accompanied by a higher price.