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PIT_PIT [208]
3 years ago
14

Which of the following best represents the Plan step in the​ Plan-Do-Check-Act (PDCA)​ cycle? A. Implement the chosen course of

action. B. Take actions to lower​ costs, change resource​ allocations, improve the​ quality, cycle time and flexibility of​ processes, modify the product​ mix, change customer​ relationships, and redesign and introduce new products.. C. Define the​ organization's purpose and select the focus and scope of its strategy. . D. Measure and monitor ongoing performance and take shortminusterm actions based on the measured performance.
Business
1 answer:
serious [3.7K]3 years ago
8 0

Answer:

Correct option is (C)

Explanation:

PDCA or Plan-Do-Check-Act cycle was proposed by William Edward s Deming to identify the reasons for a product that failed to meet expectations of customers. This cycle aims t provide businesses with solutions to identify issues with the products and make continuous improvements.

In the plan step, organization's issues are identified and defined. Various hypotheses are examined and the most suitable hypothesis is determined that would be tested in further steps. So, in the first stage that is plan stage, organization's purpose and scope of its strategies are defined.

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Leupold & Stevens, Inc., makes Leupold scopes for rifles and has introduced a new scope that has the quality and performance
user100 [1]

Answer:

Penetration pricing

Explanation:

Is a marketing strategy used by businesses to attract customers to a new service or product.  By offering lower price during its initial offering, thats the way they do.   The lower price, helps a new producto or service penetrate the market and attract customers .

6 0
3 years ago
Economists expect the firm to maximize __________, the laborer to accept the best __________, and the consumer to find the combi
algol13

Answer:

The correct answer is option d.

Explanation:

The firms are expected to maximize profits, the laborers are expected to accept the best offer and the rational consumer is expected to choose the bundle of good that maximizes utility.

Firms will produce the output level where their profits are maximized. The consumer will consume at the level where their total utility is maximized and the laborer will accept the best offer to maximize his benefit.

7 0
3 years ago
Read 2 more answers
Bob: Listen, donuts are made to bring joy into our lives and to wake up our glazed faculties. Just let them be distributed accor
Masja [62]

Answer:

National law school of thought

Explanation:

The natural law school of thoughts refers to analyze the behavior of humans also it figured out the moral rule occurs from the behaviors.

It is inherent laws that are applied to all societies, communities, etc also it is common for all whether it is mentioned or officially announced

It should be rational and reasonable too

Therefore the given scenario represents the National law school of thought

7 0
3 years ago
what budgeting review for the next fiscal year occurs while one FY budget is being executed and the next fiscal year is being en
guajiro [1.7K]

Planning, Programming, Budgeting and Execution (PPBE) is the budgeting review for the next fiscal year occurs while one FY budget is being executed and the next fiscal year is being enacted.

<h3> <u>What is a budget?</u></h3>
  • A budget is an estimate of income and expenditures for a given future period of time, and it is often created and updated on a regular basis.
  • A individual, a group of people, a corporation, a government, or pretty much anything else that makes and spends money can all have budgets.
  • Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, and be able to buy expensive products without falling into debt.

It doesn't have to be tedious, you don't have to be brilliant at arithmetic, and keeping track of your income and expenses doesn't mean you can't buy the items you want. Simply put, it means you'll be more in charge of your finances and know where your money is going.

Know more about budget with the help of the given link:

brainly.com/question/15683430

#SPJ4

7 0
2 years ago
The amount of commission charged to a customer to effect a securities transaction:____.
Nastasia [14]

The amount of commission charged to a customer to effect a securities transaction <u>must be disclosed on the trade confirmation and is not required to be disclosed prior to executing the transaction</u>.

A commission is a fee paid by a business to a seller in return for services in promoting, directing, or completing a sale. Fees may be based on a flat fee or (more commonly) based on a percentage of revenue generated.

Employers offer commissions to motivate employees, increase productivity, increase sales and attract customers. Sales and marketing jobs in many industries, such as businesses such as automotive and real estate, typically offer commission-based compensation.

If the company earns a sales commission, this is recorded as income on the income statement. If the commission earned is part of the company's core business, it is usually classified as operating income. Otherwise, it is classified as other income.

Learn more about the commission here: brainly.com/question/957886

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3 0
1 year ago
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