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The provincial government thought that the only way to make businesses competitive with those from other countries was to make more information available to them about market conditions, currencies, etc., around the world. It began a program of incentives that included a government office that would give people not only the business information but also advice on how the businesses could link up to the government's database that held the updated information. Mr. Su relied on some information given to him by Alex Chec, an employee of the government. The information was wrong due to a mistake made by an operator entering data. It was Mr. Chec's job to cross-check that information before it was released to the public. He forgot to do it. Mr. Su suffered a $100,000 loss because of the error. Which of the following is true?
SWOT Analysis
A strategic planning tool used to identify and evaluate the Strengths, Weaknesses, Opportunities, and Threats related to a business or project.
Product Offerings
The range of products or services that a company makes available to its customers.
Survival Kits
A package containing supplies and tools prepared in advance as an aid to survival in an emergency.
Physical Plant
The tangible facilities, machinery, and infrastructure required for the operation of a business or industry.
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