_____ Is the Managerial Process of Creating and Maintaining a Fit

question 113

Multiple Choice

_____ is the managerial process of creating and maintaining a fit between the organization's objectives and resources and the evolving market opportunities.

• A) Tactical management
• B) The market audit
• C) Functional planning
• D) Environmental scanning
• E) Strategic planning

---

Definitions:

Market Demand Curve

A graph showing the relationship between the price of a good or service and the quantity of that good or service that consumers are willing and able to purchase at various prices.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to market balance.

Assembly Line Technology

An efficient manufacturing process that divides work into specialized tasks sequentially arranged so that the product moves from one workstation to the next.

Aluminum

A lightweight and malleable metal used in a wide range of applications, from packaging and construction to transportation and electronics.