Since Gas Prices Have Soared and Consumers Have Cut Back

question 7

Multiple Choice

Since gas prices have soared and consumers have cut back on their spending on new trucks and SUVs Ford Motor Corporation is transforming several of its plants to create small cars.Ford has engaged in:

• A) benchmarking
• B) tactical resource realignment
• C) alternative selection
• D) portfolio evaluation
• E) strategic planning

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Definitions:

World War II

A global conflict that lasted from 1939 to 1945, involving many of the world’s nations, and marked by significant events like the Holocaust and the use of atomic bombs.

Economic Expansion

A period of increased business activity and economic growth, characterized by higher employment, income, and production levels.

U.S.

Short for the United States of America, a country primarily located in North America.

U.S. Population

U.S. Population refers to the total number of people living in the United States at a given time, including both citizens and non-citizens.