Which of the Following Is a Mechanism Used to Examine

question 4

Multiple Choice

Which of the following is a mechanism used to examine external threats and opportunities facing a firm as well as its internal strengths and weaknesses?

• A) organizational scanning
• B) internal marketing
• C) shadow-strategy task forces
• D) benchmarking
• E) a situational analysis

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Definitions:

Excess Capacity

A situation in which a firm is producing at a lower scale of output than it has been designed for, often leading to inefficiency and increased costs.

Over-Differentiation

The excessive creation of variations of products that confuse rather than satisfy consumer needs.

Peak Efficiency

The state of operating at maximum productivity with the lowest waste of resources or effort.

Non-Price Competition

Strategies used by companies to attract customers based on factors other than price, such as quality, service, and brand loyalty.