An External Analysis, the Second Step of the Strategic Management

question 44

Multiple Choice

An external analysis, the second step of the strategic management process, helps identify ________.

• A)the products that a company makes
• B)the long-term goals of a company
• C)a company's opportunities and threats
• D)a company's concern for its employees

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Definitions:

Staggered Terms

A system used in boards and committees where members are elected for different lengths of time, so not all members are replaced at once.

Fixed Terms

Contracts or agreements that are set for a specific, unchangeable duration of time, specifying start and end dates.

FTC Act

The Federal Trade Commission Act, a law established to prevent unfair business practices and protect consumers by promoting competition.

Deceptive Omissions

The act of intentionally withholding or concealing important information, leading to misrepresentation or fraud.