______________: Designed to support managers in evaluating organization's progress regarding strategy; taking corrective action when discrepancies exist
Fill in the blank(s) with the appropriate word(s).
Ans: Strategic control system
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The State Bank offers an interest rate of 5.5% on savings and 6% on loans, while the Colonial Bank offers 6.5% on savings and 7% on loans. Which of the following is the LEAST likely outcome of such a situation?
A) The State Bank would experience a surge in demand for loans. B) The Colonial Bank would experience a surge in demand for deposits. C) The State Bank would experience a fall in demand for deposits. D) The Colonial Bank would experience a surge in demand for loans.
Susan works in a small manufacturing firm that makes customized and ergonomically sound office furniture. Susan feels it is important to work directly with customers to design high-quality desks and chairs that precisely meet their needs. From the given information, we can conclude that Susan tends to focus on _____
a. mass production b. efficiency c. effectiveness d. marketing