Complete the Following Using These Terms

question 146

Multiple Choice

Complete the following using these terms.
-The ability to perceive future marketplace needs and what an organization can do to satisfy them is referred to as _____.

• A)outsourcing
• B)Diversity
• C)entrepreneur
• D)Competitive differentiation
• E)strategic alliance
• F)Capital
• G)vision
• H)factors of production
• I)brand
• J)Relationship management
• K)Not-for-profit organizations
• L)Business ethics

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Definitions:

Participatory Planning

A planning process that involves the input and active participation of all stakeholders, ensuring their needs and perspectives are considered.

Management By Objectives

A management strategy model designed to enhance an organization's efficiency through the establishment of clear goals mutually agreed upon by both managers and staff.

Staff Planners

Individuals or teams responsible for developing, organizing, and coordinating plans and schedules for the workforce.

Planning Function

An essential management activity that involves setting objectives and determining the best course of action to achieve them.