How Often Should an Organisation Carry Out Macroenvironmental and Industry

question 41

Multiple Choice

How often should an organisation carry out macroenvironmental and industry analysis?

• A) Every five years, to coincide with a five- year planning cycle
• B) Annually, as part of its operational review process
• C) Every 1 to 3 years
• D) Continuously

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Definitions:

Private Consumption

Spending by households and individuals on goods and services for personal use, excluding purchases by businesses or governments.

Pareto Optimal

A situation in which it is impossible to make any one individual better off without making at least one individual worse off.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.

Private Consumption

The total spending by households and individuals on goods and services for personal use, excluding government spending.