A Revised ________ Should Indicate How Effective a Firm's Strategies

question 87

Multiple Choice

A revised ________ should indicate how effective a firm's strategies have been in response to key opportunities and threats.

• A) IFE matrix
• B) mission
• C) EFE matrix
• D) vision
• E) CPM matrix

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Definitions:

Job Gains

Increases in the number of jobs available in an economy, indicating employment growth and potentially a strengthening economic condition.

Consumer Surplus

The disparity between the total price consumers are ready and able to pay for a service or product and what they end up paying.

International Trade

The exchange of goods and services between countries, which allows for greater variety of consumption and efficiency in production.

Trade Restrictions

Government-imposed limitations on the exchange of goods and services between countries, including tariffs, quotas, and embargoes.