How do the roles of top managers differ from middle managers?
A) The amount of time allowed for decisions.
B) The magnitude of the decisions being made.
C) The ability to hire and fire employees.
D) Their representation of the company to stakeholders.
E) Their ability to translate strategic goals into action.
Answer: B
Explanation: Two significant ways in which top management differs from lower management tiers are the long time frames with which executives must work and the magnitude of the decisions they need to make.
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Which theory suggests that a retailer becomes vulnerable to competition when its costs (and profit margin requirements) increase?
a. the retail life cycle b. rationalized retailing c. the wheel of retailing d. scrambled merchandising
A(n) ________ system is a visual system in which an item's inventory is stored at two different locations
Fill in the blanks with correct word