Aardvark Corp

question 105

Multiple Choice

Aardvark Corp. has three products. Two products together make up two-thirds of revenues and constitute 50 percent of company profits. Aardvark's third product makes up one third of sales. With profitability far above the industry average, this product is responsible for one half of Aardvark's profits. Which of the following statements regarding assessment of the general environment is accurate for Aardvark?

• A) The company should monitor the general environment for changes that might effect the revenue of all products.
• B) The company should monitor the general environment for changes that might effect the profitability of the most profitable products.
• C) The company should monitor the general environment for changes that might effect the profitability of all products.
• D) The company should monitor the general environment for changes that might effect the revenue and profitability of all products.

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Definitions:

Experience Level

The degree or extent of knowledge and skill that an individual has acquired through work, education, or participation in an activity.

Design Thinking

A problem-solving approach that involves empathy, creativity, and rationale to meet user needs and solve complex problems.

Divergent Thinking

A thought process that allows us to expand our view of the world to generate as many ideas as possible without being trapped by traditional problem-solving methods or predetermined constraints.

Practical Ideas

Concepts or solutions that can be implemented effectively and have potential for real-world application.