GE's Strategic Planning Grid Considers Two Dimensions-Industry Attractiveness and Business

question 357

True/False

GE's strategic planning grid considers two dimensions-industry attractiveness and business strengths-to identify opportunities that may be growth, borderline, or no growth.

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Definitions:

Posterior Probability

The probability of assigning events or hypotheses after taking into consideration relevant evidence or background information.

Nominal Data

Represents data that can be categorized but not ranked or ordered numerically.

Interval Data

A type of numerical data that has meaningful differences between values and a true zero point.

Ordinal Data

Describes a type of data which is categorized into ordered but not necessarily equally spaced categories.