The ________ Allows the Scanning, Monitoring, and Evaluating of Changes

question 100

Multiple Choice

The ________ allows the scanning, monitoring, and evaluating of changes and trends in a firm's macro environment.

• A) VRIO framework
• B) SWOT analysis
• C) BCG matrix
• D) PESTEL framework

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Definitions:

Destroyed Inventory

Goods that have been damaged or rendered unsellable, resulting in a loss for the business.

Retail Inventory Method

An accounting procedure for estimating the value of a store's merchandise by using a percentage of the retail prices.

Cost-to-Retail Ratio

The cost-to-retail ratio is a calculation used in inventory management to estimate the value of ending inventory at retail prices by considering the cost and retail value of goods available for sale.

Estimated Cost

An approximation of the costs associated with a project or production, prior to actual expenditure.