The Boston Consulting Group Matrix Is Intended to Be Used

question 24

Multiple Choice

The Boston Consulting Group Matrix is intended to be used to

• A)forecast corporate growth.
• B)explain a business's growth rate and relative strength in the market.
• C)plot a business's financial success and strength of reputation in the market.
• D)chart long-term corporate planning.
• E)analyzing a corporation's strategy for managing its portfolio.

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Definitions:

Limited Partners

Individuals in a partnership who invest money but are not involved in daily management, and whose liability is limited to the amount of their investment.

General Partners

General partners are individuals in a partnership who are responsible for the operations of the business and are personally liable for the partnership's debts and obligations.

Management

The process or practice of directing and controlling a group or organization towards achieving set goals or objectives.

Joint Venture

An association between two or more parties wherein the parties share profits and management responsibilities with respect to a specific project.