Which of the Following Is NOT Considered to Be a Part

question 22

Multiple Choice

Which of the following is NOT considered to be a part of the planning function of a manager?

• A)defining goals
• B)motivating
• C)mapping out strategy
• D)making decisions

---

Definitions:

Marginal Cost

The cost incurred by producing one additional unit of a product or service.

Downward-Sloping Demand

A concept in economics that illustrates how demand for a good or service decreases as the price increases, assuming all other factors remain constant.

Monopoly

A monopoly is a market structure characterized by a single seller dominating the market, facing no competition, which can influence prices and control the supply of goods or services.

Monopolistic Competition

is a market structure characterized by many firms selling products that are similar but not identical, allowing for competition based on quality, price, and marketing.