Operational Control Decisions

question 66

Multiple Choice

Operational control decisions

• A)set the goals and objectives for the firm
• B)involve motivating managers to use resources as productively as possible
• C)are more focused than tactical decisions
• D)have a fairly high degree of uncertainty

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Definitions:

Incentive Obstacles

Challenges or barriers that prevent the effective use of incentives to motivate or encourage desired behaviors.

Market Power

The ability of a company or entity to influence the price and terms of products or services in a market, often due to its size, influence, or share of the market.

Two-Part Tariffs

A pricing strategy that includes a fixed fee plus a variable fee based on usage or consumption.

Volume Discounts

Price reductions given to customers who buy in large quantities, aimed at encouraging bulk purchases.