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.
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.
The most likely factor that this department store company would have considered in discontinuing its credit card operations is the issue of bad debt.
Bad debt may likely have prevented them from making the required profit to cater for the needs of the company such as payment of salaries and purchase of goods which if not treated may lead to the collapse of the company.
The correct answer is the first option. By protecting the privacy of personal information collected on its website a company like apple would be behaving in a socially responsible way towards its customers. Technology companies like apple have a responsibility to protect the personal information of its customers, if this wasn't the case then people would not buy their products as they would not have any faith in the company.
Task environment is an external environment that affects an organization's ability to achieve its business goals. We could say that any type of business or customer relationship directly with an organization has the ability of being the part of the business environment. We could count some examples to the mission environment sectors : competitors, customers, suppliers, and labor supply.
The costumer has no spouse or dependents. This negates the value of the death benefit. The founds has no liquid due to the surrender fees, and there is also 10% penalty on withdrawals before age 59.5
