When Using External Factor Evaluation (EFE) Matrix, What Is Done

question 81

Multiple Choice

When using External Factor Evaluation (EFE) Matrix, what is done after multiplying each factor's weight by its rating to determine a weighted score?

• A) Identifying key external factors
• B) Summing the weighted score for each competitor
• C) Summing the weighted scores for each variable to determine the total weighted score for the organization
• D) Drawing the horizontal and vertical lines for the matrix
• E) Determining the preferred strategic factors

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Definitions:

Technical Capability

Refers to the skills, knowledge, tools, and processes that enable an organization to effectively design, produce, and deliver products or services.

Government Regulation

Laws and rules established by governments to control or manage certain activities, behaviors, or industries for the protection and benefit of society.

Consumer Products

Goods bought and used by consumers for personal or household purposes, including non-durable goods like food or durable goods like appliances.

Organizations

Entities comprised of multiple people working together towards a common goal, structured in a specific way to achieve objectives.