The Approaches and Activities of Managers in Short-Run and Long-Run

question 164

Multiple Choice

The approaches and activities of managers in short-run and long-run planning and control decisions that increase value for customers and lower costs of products and services are known as

• A)value chain management.
• B)enterprise resource planning.
• C)cost management.
• D)customer value management.
• E)management information system.

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Definitions:

Economic Value Added

A measure of a company's financial performance that shows the net profit earned above the cost of capital.

Definition

A statement that explains the meaning of a term or a concept.

Pure Play Approach

A method of evaluating investment risk by focusing on a single industry or sector, assuming the business operates solely within that domain.

Definition

A statement expressing the essential nature of something.