BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
to identify socio-cultural trends
|
|
|
to improve consumer confidence forecasts
|
|
|
as predictors of future economic activity when making business decisions
|
|
|
which are based on intuition and experience
|
Detailed explanation-1: -This business confidence indicator provides information on future developments, based upon opinion surveys on developments in production, orders and stocks of finished goods in the industry sector. It can be used to monitor output growth and to anticipate turning points in economic activity.
Detailed explanation-2: -In the first step, managers establish a sense of urgency. They do this by creating a narrative about why the change is necessary. Top managers often use diagnostic tools to gather data that supports the case for change.
Detailed explanation-3: -Product boycott. Advocacy groups use a variety of tactics to convince businesses to comply with the group’s stand on issues. Which of the following advocacy group tactics would be most likely to cause a business to fail? Product boycotts.