Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
6th Edition
ISBN: 9781337386920
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
bartleby

Concept explainers

Question
Book Icon
Chapter 15, Problem 1DQ
Summary Introduction

To determine: Whether managers really need all the kinds of information or whether any kinds of information can they do without.

Introduction: Data implies raw facts accumulated about somebody or something, which is uncovered and random. Facts, concerning a specific occasion or subject, which are distinguished by handling is called information.

Expert Solution & Answer
Check Mark

Explanation of Solution

The reasons on whether managers really need all the kinds of information or whether any kinds of information can they do without are as follows:

Managers might not have a day by day requirement for all types of information; however at some point each manager will address some part of all the diverse information. Managers do require all the information they can get about their organization and surroundings in which it works with the goal that they can designs for the future, execute current designs, and assess the outcomes.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
A sample concepts personifying the target market of young adults or teenagers, defined in terms of demographic, psychographic and geographic characteristics.
From a cultural perspective, based on research that you have conducted. Select  three of the listed topics you consider relevant to explore in your discussion that will help a company better understand what it is like to live as a citizen in the country you have chosen: geography, social institutions (e.g., family, education, politics, legal system, and social welfare), religion, living conditions, and language.
'Memories in a box' is a business involved in gift baskets for all occassions and event planning located in Trinidad and tobago a) Provide a brief background of the company.   include the business concept and give justification for the profitability of this venture in the current market or economy.  b) Emphasize the unique selling points of the business.   C) Identify the products and services that the company intends to offer, to include the target market.  d) State the strategic vision and mission for the business.
Knowledge Booster
Background pattern image
Marketing
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub