In Today's Competitive Business Environment, Managers

question 100

Multiple Choice

In today's competitive business environment, managers

• A) need only be concerned with quality.
• B) must provide the highest value at the highest cost to customers.
• C) must provide the highest value at the lowest cost to customers.
• D) need not be concerned with the cost to the customers.

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Definitions:

1970

Denotes the year notable for various significant global and national events, including the continuation of the Vietnam War and the Environmental movement leading to the first Earth Day.

2000

The year notable for marking the beginning of a new millennium and the controversial U.S. presidential election between George W. Bush and Al Gore.

In Loco Parentis

A legal doctrine meaning "in the place of a parent," referring to the authority of an institution or individual to take on some of the functions and responsibilities of a parent.