Twenty Years Ago Most Business Failures Were Attributed to Poor

question 156

Multiple Choice

Twenty years ago most business failures were attributed to poor inventory management.Today point-of-sales terminals are used at the checkout counters of most retail stores.These terminals allow retailers to know what is selling,to see what needs to be reordered,and to better satisfy customers while not over investing in inventory.Point-of-sales terminals have greatly influenced how retailers interact with the ____ dimension of the general environment.

• A) task
• B) sociocultural
• C) technological
• D) political
• E) economic

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Definitions:

Psychobabble

A pejorative term for language that uses psychological terminology or concepts in a vague, jargon-filled, or simplistic manner, often to impress or mislead.

Paradox of Progress

The idea that technological and societal advancements, while solving certain problems, create new challenges and complexities in life.

Approach-Avoidance Conflict

A psychological situation where a goal or event has both attractive and unattractive aspects, causing conflict.

Time-Saving Devices

Tools or gadgets designed to reduce the amount of time needed to complete a task or activity.