Soliciting Orders and Assuming Business Risks Pertain to the _____

question 61

Multiple Choice

Soliciting orders and assuming business risks pertain to the _____ functions of a marketing intermediary.

• A) logistical
• B) facilitating
• C) transactional
• D) grading

Understand the importance of evaluation interviews and guidelines for their effectiveness.

Understand the various stages and components of needs assessment in training programs.

Recognize and apply different training techniques and methods for managerial and employee development.

Describe the systemic/strategic model of training including its phases.

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Definitions:

Materials Price Variance

The difference between the actual cost of direct materials used in production and the expected (budgeted) cost of those materials.

Materials Standards

Predetermined benchmarks for the cost and quantity of materials used in the production process.

Materials Price Variance

The difference between the actual cost of materials and the expected (or standard) cost, indicating how efficiently materials are being purchased.

Standard Price

A predetermined price that a company aims to pay for materials, labor, and other costs, used for budgeting and performance evaluation.