GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A manager studies the business’s previous sales statistics as well as the sales forecast before making purchasing decisions. What type of resource is the manager using?
A
Material
B
Financial
C
Human
D
Information
Explanation: 

Detailed explanation-1: -Purchasing. Purchasing managers and buyers are responsible for buying raw materials and finished goods in all businesses. Buyers must compare prices and determine the quality of products a company will use to build products or sell to customers.

Detailed explanation-2: -What must managers be able to do if they want employees to understand the business’s goals and be productive? conceptual skills.

Detailed explanation-3: -Planning. Planning means defining performance goals for the organization and determining what actions and resources are needed to achieve the goals. Through planning, management defines what the future of the organization should be and how to get there.

Detailed explanation-4: -Sales managers plan, implement and control each sales program. They may also assist with recruitment and train new employees. The key role of a sales manager is to develop and establish a selling program that helps their organization achieve their sales projections and revenue goals.

There is 1 question to complete.