Over Time,organizations Develop Certain Ways of Doing Business That Are

question 7

Multiple Choice

Over time,organizations develop certain ways of doing business that are collectively referred to as the _____ of the organization.

• A)culture
• B)mission
• C)net profit
• D)constraints
• E)vision

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Definitions:

Labor Cost

The total amount of financial compensation, benefits, and taxes companies must pay for their employees' work.

Raising Prices

The act of increasing the cost at which goods or services are sold to consumers or other businesses.

Strategies

Plans of action designed to achieve a long-term or overall aim.

Reference Price

The price point, set by a seller or recognized by a buyer, which serves as a standard for comparison when evaluating potential purchases.