Which of the Following Is Not One of the Steps

question 21

Multiple Choice

Which of the following is not one of the steps involved in the PESTEL analysis?

• A) Managers should think through the relevance of each of the factors in their particular context.
• B) Managers should identify and categorize the information that applies to these factors.
• C) Managers should conduct a thorough stakeholder analysis.
• D) Managers should analyze the data collected on the factors and draw conclusions.

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Definitions:

Intermediate-Range Plans

Planning activities that cover a time frame from 3 months to 1 year, focusing on allocations of resources and objectives in the medium term.

Perishable Inventory

Items in inventory that have a limited shelf life and therefore require more dynamic and sensitive handling, management, and forecasting strategies to minimize losses due to spoilage.

Disaggregation

The process of breaking down a complex system or data set into smaller, more manageable parts.

Master Production Schedule

A detailed plan that outlines what a business needs to produce, how much, and when, over a certain period.