Vincent Owns a Bakery and Is Creating a SWOT Analysis

question 53

Multiple Choice

Vincent owns a bakery and is creating a SWOT analysis to see where he can make improvements and increase sales.All of the following are threats to the success of his company EXCEPT

• A)economies of scale.
• B)a downturn in the economy.
• C)regulatory changes.
• D)an enhanced market competition.

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Definitions:

Organizing

The process of arranging, structuring, and allocating resources and responsibilities to achieve objectives.

Top Managers

Individuals at the highest level of organizational management who have the responsibility of setting policies, defining the company's direction, and making strategic decisions.

Management Functions

Traditional categorization of the primary roles of management into planning, organizing, leading, and controlling.

Line Managers

Supervisors responsible for managing employees and overseeing their work on a day-to-day basis.