A Technique for Assessing the Organization's Internal and External Environments

question 107

Multiple Choice

A technique for assessing the organization's internal and external environments in order to formulate strategy is called a

• A) BCG matrix.
• B) SWOT analysis.
• C) Benchmarking strategy.
• D) Diversification exercise.
• E) Functional strategy.

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Definitions:

Economic Model

A simplified conceptual framework that represents economic processes, theories, and variables in a logical and simplified manner to analyze and predict real-world economic behaviors.

Sharing

The act of using, occupying, or enjoying something jointly with others, or giving others access to use something.

Trading

The action or activity of buying, selling, or exchanging goods, services, or financial instruments.

Active Job Seekers

Individuals who are currently looking for employment opportunities and making an effort to find a job, often engaging in activities such as applying for jobs, attending interviews, or utilizing job search platforms.