Lather Inc., a beauty manufacturing company, introduces a lo…

Lather Inc., a beauty manufacturing company, introduces a lotion that is more expensive than similar products available in the market. The customers love its lifting and firming features and do not mind spending more on it because they believe it is worth the price. As a result, the company makes a large profit from the sale of the new product. In this scenario, Lather has incorporated _____ in its business.

Chapter 1 introduced us to the four principle functions of m…

Chapter 1 introduced us to the four principle functions of managers.  They include planning, organizing, leading and controlling.  As a manager, when you motivate, direct and influence people to effectively contribute so that the organization can achieve its goals, you are performing the ______________management function.

Three levels of strategy that organizations plan during the…

Three levels of strategy that organizations plan during the strategic planning process include corporate, business and functional.  Amazon has recently planned to expand its operations by opening additional offices in two other states.  This is an example of a __________________ -level strategy.

Anabelle is attending a workshop to improve management skill…

Anabelle is attending a workshop to improve management skills.  Today’s workshop focuses on a manager’s ability to think analytically, to visualize the organization as a whole and to understand how the parts work together.  The workshop is focusing on improving a manager’s ______________ skills.

Matt is a top-level manager who is helping his organization…

Matt is a top-level manager who is helping his organization to develop a strategic plan.  As part of the process Matt recommends that the workgroup analyzes the  organization’s internal and external environments.  One tool that managers can use during a situational analysis of the organizations’s environments is the ____________ analysis.