What Is the Final Step of the Scientific Management Process

question 108

Multiple Choice

What is the final step of the Scientific Management process?

• A)gathering data from workers
• B)combining data collection and training to create efficiency
• C)selecting and training workers
• D)redistributing work

Understand the impact of personal selling on marketing channel members.

Identify various promotional strategies used by companies to enhance product visibility and appeal.

Gain knowledge on low-calorie product positioning and its target market identification.

Understand the basic functions and concepts of marketing.

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Definitions:

Trade Balance

The difference between the monetary value of a nation's exports and imports over a certain timeframe.

Free Markets

Economic systems in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

Joseph Stiglitz

An American economist and professor known for his work on income distribution, risk, and information economics, and a recipient of the Nobel Memorial Prize in Economic Sciences.

NAFTA Treaty

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries and facilitate the free flow of goods and services.