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

question 81

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

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Definitions:

Acetylcholine

A neurotransmitter in both the central and peripheral nervous systems that plays a role in muscle activation, arousal, attention, and memory.

Agonist

A chemical or drug that binds to receptors in the brain and causes a response, often mimicking the action of naturally occurring substances.

Attention

The cognitive process of selectively concentrating on one aspect of the environment while ignoring other things.

Dopamine Pathways

Neural pathways in the brain that transmit dopamine, a neurotransmitter involved in reward, motivation, pleasure, and the regulation of movement and emotions.