The Managers at Green Thumb Gardening Tools Engage in an Annual

question 98

Multiple Choice

The managers at Green Thumb Gardening Tools engage in an annual organizational assessment, trying to predict industry changes as well as possible opportunities and threats. They look at issues, such as who their competitors are, current entry barriers, and what substitutes exist for their products. This assessment is called

• A)scenario development.
• B)forecasting.
• C)benchmarking.
• D)environmental scanning.
• E)strategic maneuvering.

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Definitions:

Tea Act

A British law passed in 1773 that granted the East India Company a monopoly on tea sales in the American colonies, sparking protests that led to the American Revolution.

New Jersey Plan

A proposal presented at the Constitutional Convention of 1787, advocating for a single legislative body with equal representation for each state, regardless of size.

Federal Government

The national government of a federal state, which shares power with sub-national entities such as states or provinces, and is responsible for areas like defense, foreign policy, and currency.

Tax Proportion

The relationship between the amount of tax levied on an entity and its income, assets, or the value of a transaction.