Customer Insights Can Inform Many Aspects of Company Decision Making

question 90

Multiple Choice

Customer insights can inform many aspects of company decision making, such as _______.

• A)product innovation
• B)product design
• C)advertising campaigns
• D)all of the above

Identify and analyze the key factors that influence the magnitude of consequences in ethical decision-making.

Explore the relationship between ethical principles and decision-making, including various approaches to balancing interests.

Recognize the impact of organizational culture on ethics and diversity.

Evaluate the role of personal moral development and reasoning in ethical decision-making within organizations.

---

Definitions:

Efficient Use Of Resources

The optimal allocation and utilization of resources to maximize productivity and minimize waste.

Input Price

Input Price refers to the cost of resources used in the production of goods or services, including materials, labor, and overhead, which can affect production costs and pricing strategies.

Output Price

The price at which a product or service is sold, often determined by market conditions or regulation.

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production, holding all other factors constant.