Once an Organization Has Performed a Complete Situational Analysis, Including

question 55

Multiple Choice

Once an organization has performed a complete situational analysis, including an evaluation of its internal strengths and weaknesses and the external opportunities and threats of the market environment, then it is ready to ________.

• A)do market research
• B)expand sales over the Internet
• C)select its target market
• D)perform an audit of the organization's execution of its marketing mix

Understand the concept of opportunity costs and its application in decision making.

Identify the distinction between positive and normative statements and their roles in economics.

Recognize the economizing problem as a fundamental economic issue.

Understand the assumptions and limitations of economic models and theories.

---

Definitions:

Index Variable

A variable that holds the current position in an array or collection, typically used in looping constructs.

Loop Terminates

Describes the condition or point at which a loop stops executing in a programming context, ceasing to iterate over code.

Sequential Search

A searching algorithm that checks each element in a list one by one until the desired element is found or the list ends.

Unordered List

In HTML, a list that displays items in bullet points, indicating no particular order, using the <ul> tag.