_____________ Create(s) Alternative Combinations of Different Factors into a Total

question 139

Multiple Choice

_____________ create(s) alternative combinations of different factors into a total picture of the environment and the firm.

• A) Scenarios
• B) Forecasting
• C) Benchmarking
• D) Competitive intelligence
• E) Buffering

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Definitions:

Hedgehog Concept

A strategic approach that focuses on simplifying complexity to find the intersection between what you are passionate about, what drives your economic engine, and what you can be the best at.

Diversify

To diversify means to broaden or vary a range of products, investments, skills, etc., to reduce risk or increase the chance of success or improvement.

Knowledge Application

The process of applying acquired knowledge in real-world contexts to solve problems or achieve specific outcomes.

Job Activities

Tasks, duties, and responsibilities performed by individuals in their occupations.