What Is an Example of the Management Activity Referred to as Planning

question 12

Multiple Choice

What is an example of the management activity referred to as planning?

• A) upgrading outdated equipment
• B) outsourcing the organization's payroll processing
• C) developing a strategy to dispose of hazardous waste
• D) deciding to eliminate an unprofitable segment of an organization

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Definitions:

Follower Strategy

A market approach where a company chooses to enter a market by following in the footsteps of pioneers, often adapting and improving existing products or services.

Existing Product

A product that is already available in the market, as opposed to a new or forthcoming product.

Improved Version

An updated iteration of a product that is enhanced to offer better performance, additional features, or other improvements over the original.