In Which of the Following Cases Is a Firm Making

question 120

Multiple Choice

In which of the following cases is a firm making a business decision based on a strength, as identified in a SWOT analysis?

• A) Celeborn Foods decided to sell a line of fast food in the Cambrian market as the company's product development team had significant experience in the market.
• B) Crichton Inc. decided against opening a business in Cambria when the country's economy suffered a depression.
• C) Aeryn Cosmetics decided to intensify its marketing efforts in the market when its closest competitor went out of business.
• D) Green Bay Inc. changed its manufacturing process after the government imposed a new tax on one of the ingredients in its product.
• E) Orangejello Inc. modified its product in the Cambrian market, to account for local tastes and preferences.

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Definitions:

Automated Production

The use of automation technologies to perform manufacturing tasks and processes, reducing the need for human labor and increasing efficiency.

Raw Materials

Basic materials and substances that are processed or refined to manufacture goods, products, or provide services.

Remanufacturing

The process of rebuilding a product to specifications of the original manufactured product using a combination of reused, repaired, and new parts.

Flexible Manufacturing

A production method that is designed to easily adapt to changes in the type and quantity of the product being manufactured.