Fads Can Lead to Serious, Though Sometimes Short-Lived, Money-Making Opportunities

question 101

True/False

Fads can lead to serious, though sometimes short-lived, money-making opportunities, but trends provide a much stronger foundation for businesses because they are connected to a larger change in society.

---

Definitions:

Functional Plan

A detailed, department-specific plan that outlines the objectives, strategies, and actions for achieving functional goals.

Objective Advantage

A definite, measurable benefit that one option or situation has over others, based on factual evidence.

Strategic Thinking

The ability to analyze the present state of an organization, envision a desired future, and plan the necessary steps to achieve this future state.

SWOT Analysis

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