One of ValuTech's objectives for the year is to bring down the firm's production costs by 5 percent. To meet this objective, managers have suggested the following alternatives:
(1) Use alternate suppliers who can provide raw materials at a lower cost.
(2) Adopt cutting-edge technology that makes the production process more efficient.
-Alternatives to reach an organizational objective are based on assumptions which are called ________.
A) objectives
B) missions
C) goals
D) premises
E) priorities
Correct Answer:
Verified
Q23: The first step in the planning process
Q23: After identifying the alternative ways in which
Q24: _ is the key to a successful
Q24: The process of determining how an organization
Q26: A firm's _ refer(s) to what it
Q28: Which of the following statements is true
Q30: The affirmative purpose of planning is to
Q32: A system created as part of the
Q33: The last step in the planning process
Q33: One of ValuTech's objectives for the year
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