Which of the Following Is the Most Preferred Option to Be

question 88

Multiple Choice

Which of the following is the most preferred option to be used whenever it is impossible,cost prohibitive,or impractical to use any other approach for problem solving?

• A)prototype building
• B)field study
• C)market research
• D)simulation

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Definitions:

Cash Cow

A business unit or product that generates a consistently high amount of cash flow, exceeding its maintenance and development costs, typically funding other business areas.

BCG Matrix

A tool to analyze business opportunities according to market growth rate and market share.

SWOT Analysis

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

Organizational Strengths

The attributes and capabilities that give an organization a competitive edge in the market.