Which of the Following Is the BEST Example of Management

question 146

Multiple Choice

Which of the following is the BEST example of management thinking during the "production era"?

• A) "We need to make whatever products are easy to produce."
• B) "We need to find out what the customer wants."
• C) "The more salespeople we have, the more we can sell."
• D) "We need to work hard to sell the product to our customers."
• E) "If we produce a good product, customers will find us and buy it."

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Definitions:

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced, illustrating how fixed costs dilute over larger production volumes.

Average Variable Cost

The total variable cost divided by the quantity of output, representing the variable cost of producing one additional unit.

Marginal Cost

The financial outlay for making an additional unit of a product or service.

Average Total Cost

The total cost divided by the number of goods produced; it includes all variable and fixed costs.