When Randy,a General Manager of a National Retailer,moved to a Different

question 78

Multiple Choice

When Randy,a general manager of a national retailer,moved to a different store in his company that was having difficulty,he knew that sales were low and after talking to his employees,he found morale was also low.At first Randy thought attitudes were poor due to low sales,but after working closely with employees,he realized that the poor attitudes were actually the cause of poor sales.Randy was able to discover the cause of the problem by utilizing ______ skills.

• A)perceptive
• B)conceptual
• C)people
• D)soft
• E)technical

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Definitions:

Monopolistic Distributor

A single seller or distributor in a market that controls a large portion of the market share, limiting competition.

Monopolistic Producer

A market situation where a single producer controls the majority of the market for a particular good or service, restricting competition.

Marginal Cost

The financial implication of manufacturing an additional unit of a product or service.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers in a given time period.