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:

Extraordinary Challenge

A task or situation that is exceptionally difficult and requires unusual effort or resources to overcome.

Over-Extend

To stretch oneself too thin, either financially, emotionally, or physically, beyond one's capacity or resources.

Mastery Goal Orientation

A focus on developing competence and understanding in tasks, rather than primarily aiming to outperform others.

Mandarin

A major group of Chinese dialects spoken across northern and southwestern China, also the official state language of China.