A Federal Regulatory Agency Can Be Considered Part of an Organization's

question 96

Multiple Choice

A federal regulatory agency can be considered part of an organization's:

• A)formal structure
• B)labor market
• C)external task environment
• D)transformation technology

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Definitions:

Vision

A forward-looking statement or concept that outlines what an organization or individual aspires to achieve in the future.

SWOT Analysis

SWOT is an acronym for strengths, weaknesses, opportunities, and threats. By systematically evaluating all four of these factors, a firm can then develop the best strategies for gaining a competitive advantage.

Low-cost Producer

A business or manufacturer that can produce goods or services at a lower cost than competitors, often due to economies of scale, technology, or efficient processes.

Strategic Planning Team

A group of individuals within an organization responsible for developing strategies to achieve long-term objectives and goals.