Which of the Following Is an Example of a Firm's

question 196

Multiple Choice

Which of the following is an example of a firm's weakness discovered by a SWOT analysis?

• A) changing buyer tastes in the marketplace
• B) the presence of modern production facilities
• C) inadequate financing capabilities
• D) likely entry of new competitors

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Definitions:

Organization's Vision

A strategic declaration that describes the future state or ultimate goal an organization aims to achieve, guiding its direction and decision-making.

Functional Plans

Plans that indicate how different operations within the organization will help advance the overall strategy.

Logistics Plans

Detailed strategies for managing the flow of goods, services, and information from point of origin to point of consumption to meet customer requirements.

HR Plans

Strategic outlines developed by an organization's human resources department to recruit, train, manage, and retain employees effectively.