What Do Managers Use Their Knowledge of to Guide Decisions,for

question 154

Multiple Choice

What do managers use their knowledge of to guide decisions,for example about product innovation,quality and customer service?

• A)Prices
• B)Markets
• C)Competitors
• D)Costs

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Definitions:

Control

The process by which an organization ensures that activities are being executed according to plan and adjusts as necessary to achieve objectives.

Authorize

To officially empower someone or grant permission for something to happen.

Appreciate

To recognize the full worth of something or to be grateful for something or someone.

Subsystem Controls

Mechanisms put in place to monitor and regulate the operations of individual components of a larger system to ensure efficiency and effectiveness.