An Organization's Environmental Scanning Process Has Uncovered the Following: They

question 131

Multiple Choice

An organization's environmental scanning process has uncovered the following: They have an underutilized core competency. Their research and development capability is well recognized. Retention of their best performers is a problem. A new technology from another country can be employed in developing a whole new product family. What technique/tool was most likely used to categorize and analyze these and other similar data?

• A) Priorities matrix
• B) Process map
• C) Quality function deployment
• D) SWOT analysis

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Definitions:

Price

The financial valuation expected, obligatory, or handed in exchange for something.

Nonlabor Income

Income received that does not come from working, such as interest from savings, dividends from investments, or government benefits.

Leisure

Free time spent away from work and compulsory activities, often devoted to relaxation, hobbies, and personal enjoyment.

Wage Rate

The amount of compensation an employee receives in exchange for performing a specific job, typically expressed per hour or year.