After Analyzing and Learning About the Environment, Management Needs to Evaluate

question 84

Multiple Choice

After analyzing and learning about the environment, management needs to evaluate opportunities and threats. Opportunities are

• A)positive external environmental factors.
• B)internal resources.
• C)unmet needs.
• D)internal competitive strategies.

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Definitions:

Centralized Decision-Making

A decision-making process where major decisions are made by a small group of people or an individual at the top of an organizational hierarchy.

Division Of Labor

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.

Incentives

Rewards or benefits offered to encourage specific actions or behaviors by employees, consumers, or other groups.

Control Mechanism

Systems or procedures implemented to regulate processes, behaviors, or operations to achieve stability or compliance within an organization.