A(n) ____ Is an Example of an Intangible Benefit

question 61

Multiple Choice

A(n) ____ is an example of an intangible benefit.

• A)user-friendly system that improves employee job satisfaction
• B)new scheduling system that reduces overtime
• C)online package tracking system that decreases the need for clerical staff
• D)sophisticated inventory control system that cuts excess inventory

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Definitions:

Business Analysis

The process of analyzing a new product to determine its profitability.

SWOT Analysis

A tool for strategic planning that helps determine the Strengths, Weaknesses, Opportunities, and Threats connected to competing in business or planning projects.

Environmental Scanning

The act of monitoring developments outside the firm’s control with the goal of detecting and responding to threats and opportunities.

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.