Gary, a Manager at ABC Company, Is Evaluating the Firm's

question 19

Multiple Choice

 Gary, a manager at ABC Company, is evaluating the firm's internal strengths and weaknesses as well as the opportunities and threats that are evident in the firm's external environment. Gary is using

• A) Porter's 5-Forces Model.
• B) SWOT analysis.
• C) SWAT analysis.
• D) value chain analysis.

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Definitions:

Unions

Organizations that represent the collective interests of workers in negotiations with employers over wages, working conditions, and benefits.

Farming Cooperative

An agricultural organization owned and operated by a group of farmers who pool their resources to gain advantages in production, marketing, and purchasing.

Economic Situation

The state of the economy at a specific time, including factors like employment, GDP, inflation rates, and market health.

Farmers' Alliance

A broad mass movement in the rural United States during the late 19th century, which sought to improve the economic conditions for farmers through the creation of cooperatives and political advocacy.