What Is the Process of Screening Large Amounts of Information

question 4

Multiple Choice

What is the process of screening large amounts of information to anticipate and interpret changes in the surrounding economic area?

• A) SWOT analysis
• B) Environmental scanning
• C) Forecasting
• D) Planning

Understand the sociological viewpoint on male domination and female subordination.

Develop the ability to link sociological theory with social phenomena, understanding the impact of social structures.

Understand the nature and scope of sociology and the sociological perspective.

Comprehend the concept of a sociological compass and apply it to one’s own social location.

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Definitions:

Business Area

A specific segment of a business organization that focuses on a particular market or product line.

Cash Cow

A business unit or product that generates a consistently high amount of cash flow, exceeding its maintenance and development costs, typically funding other business areas.

BCG Matrix

A tool to analyze business opportunities according to market growth rate and market share.

SWOT Analysis

A strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.