The Major Benefit of ____ Is That It Gives a Clear

question 71

Multiple Choice

The major benefit of ____ is that it gives a clear picture of current system functions before any modifications or improvements are made.

• A) the four-model approach
• B) balancing
• C) leveling
• D) both b and c

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Definitions:

Strategy Formulation

The process of defining an organization’s strategy or direction and making decisions on allocating its resources to pursue this strategy.

Strategic Marketing

The process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational objectives.

Strategic Outsourcing

The practice of delegating certain operational functions to external entities to reduce costs, improve efficiency, or focus on core competencies.

SWOT Analysis

A strategic planning tool used to identify and analyze the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.