A Situation Analysis Refers to

question 92

Multiple Choice

A situation analysis refers to

• A) taking stock of where the firm or product has been recently, where it is now, and where it is headed in terms of the organization's marketing plans and the external forces and trends affecting it.
• B) an appraisal of an organization's cash flow and financial ratios to access its health and the potential for new investment.
• C) the process of continually acquiring information on events occurring outside the organization to identify and interpret potential trends.
• D) a technique that managers use to quantify performance measures and growth targets to analyze its clients' strategic business units as though they were separate investments.
• E) the process where a firm searches for growth opportunities from among current and new markets as well as current and new products.

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Definitions:

Commitment

The most successful outcome of a leader’s influence tactic: The person makes a full effort.

Majority Opinion

The viewpoint held or decision made by the greater number of individuals within a group or among a specific audience.

Collaboration

The process of two or more people or organizations working together to complete a task or achieve a goal.

Reporting Relationships

The formal lines of authority and communication between positions within an organization.