Mario Is Part of a Strategic Planning Team

question 19

Multiple Choice

Mario is part of a strategic planning team. He has identified that his company is the low-cost producer in its industry. This should be listed on a SWOT analysis as a(n) ______.

• A) opportunity
• B) weaknesses
• C) strength
• D) threat

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Definitions:

Organizational Buying Situations

Scenarios where businesses or institutions purchase goods or services for use in production, operations, resale, or as part of their own product offerings.

Buy Classes

Categories that differentiate purchasing situations in organizational buying, often based on factors like product complexity, the frequency of purchase, and the buying situation's impact on the organization.

Example

A representative instance or case that illustrates a concept, principle, or process.

Purchasing Manager

An individual responsible for planning, directing, and overseeing the acquisition of materials, products, and services in a company or organization.