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VictoriaLenea VictoriaLenea
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Posts: 530
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6 years ago
Identify and describe the major stages of the product life-cycle.



Question 2 - Clarke Tools, concerned about its loss of market share in previous years, has recently implemented several programs to encourage prompt and courteous customer service, employee self-management, and better coordination with suppliers. Clarke Tools is making an effort to achieve
 A) a quality concern focus.
  B) total quality management.
  C) total quality commitment.
  D) total quality development.
  E) quality improvement planning.



Question 3 - What are the two groups into which employees who want to become managers fit?



Question 4 - What resource tells the managers of a business how effectively the other three resources are being combined and used?
 A) Technical
  B) Human
  C) Financial
  D) Material
  E) Informational



Question 5 - Give the characteristics of shopping products, specialty products, and convenience products. Illustrate those characteristics with examples of products that fit the categories.



Question 6 - The coordination of efforts directed at improving customer satisfaction, increasing employee participation, improving supplier partnerships, and facilitating an organizational atmosphere of continuous quality improvement is known as
 A) a quality concern focus.
  B) total quality management.
  C) total quality development.
  D) total quality commitment.
  E) quality improvement planning.



Question 7 - Think of professional development as an investment in ________.
 Fill in the blank(s) with correct word
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2 Replies

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Replies
wrote...
6 years ago
[ 1 ]  The four stages of the product life-cycle are (1 ) introduction, (2 ) growth, (3 ) maturity, and (4 ) decline. To determine which stage a particular product is in, the characteristics of that product (increasing sales, more competitors, falling profits, etc.) can be compared to the characteristics that exemplify each stage of the product life-cycle.

[ 2 ]  B

[ 3 ]  Those who aspire to managerial careers directly from an educational institution and those who are employed innonmanagerial positions and seek to move into management.

[ 4 ]  E

[ 5 ]  Convenience products are relatively inexpensive, frequently purchased items for which buyers want to exert only minimal effort, such as chewing gum or newspapers. Shopping products are items for which buyers are willing to expend considerable effort on planning and making the purchase, such as appliances and furniture. Specialty products are items with special or unique characteristics for which a group of buyers is willing to expend considerable purchasing effort, such as sports cars or antique items.

[ 6 ]  B

[ 7 ]  yourself
VictoriaLenea Author
wrote...
6 years ago
Exactly what I needed for my quiz Smiling Face with Open Mouth
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