Key Business Concepts: Production, Power, and Growth
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Key Business Concepts
The amount of product developed in a time period is called Production Volume.
Power based on existing standards, agreements, and contracts within a distribution channel is Legitimate Power.
Decisions concerning new product development are made at the Direction Level.
Growth through acquisition, absorption, and corporate control is called Financial Growth.
Badwill is the opposite of Goodwill.
Growth based on decisions that avoid mistakes is called Despite Minimum Criteria.
A periodic survey using a permanent sample to answer questions at regular intervals is called a Panel.
Optimization models are Analytical Models.
Autocratic leaders make all decisions without consulting their subordinates.
The principle in graph theory that prohibits... Continue reading "Key Business Concepts: Production, Power, and Growth" »