A manager is analyzing whether to change the price of a product that s/he sells. In doing so, the manager studies and estimates the effects that the price change might have on profits, cash flow, number of employees needed, etc. this represents what approach to management?
A) systems theory
B) load chart theory
C) communication aspects of management
D) operations research
E) Scientific Management

Question

Quizplus · Accepted Answer

The manager is using systems theory, which involves understanding the interrelated parts of an organization and how changes in one area, like pricing, can affect other areas such as profits, cash flow, and staffing.

A Manager Is Analyzing Whether to Change the Price of a Product