A Florida-Based Flashlight Company Has Been Extremely Successful Due in Part

question 330

Multiple Choice

A Florida-based flashlight company has been extremely successful due in part to the number of hurricanes in Florida that result in power outages. The firm is thinking of expanding its product offerings to include other emergency supplies such as generators and survival kits (consisting of food bars, a water filtration system, first aid supplies, etc.) . Before going ahead with this decision, several factors had to be considered: (1) The firm has a great reputation with its flashlights and does not want to ruin it. (2) Its physical plant could be refitted relatively easily to make small generators, but it would be rather costly. (3) It would have to rely on another firm to manufacture and package the survival kits. (4) Although there are nine named hurricanes scheduled for the upcoming year, no one really can predict what will happen. The company's need to refit its factory would fall in which quadrant(s) of the SWOT analysis grid?

• A)internal-favorable
• B)internal-unfavorable
• C)external-favorable
• D)external-unfavorable
• E)both internal-unfavorable and external-unfavorable

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Definitions:

External Party

An individual or group outside of an organization that has a stake or interest in the business, such as suppliers, customers, or regulatory bodies.

Significant Factor

An element or aspect that has a major impact on the outcome or understanding of a situation or study.

Internal Or External

Terms used to distinguish between activities, communications, or entities originating within an organization (internal) versus those coming from outside it (external).

Analytical Report

A document that presents detailed analysis and evaluation of a specific issue or problem, often used in business or research.