The Business Strengths Dimension of the GE Grid Focuses On

question 339

Multiple Choice

The business strengths dimension of the GE grid focuses on:

• A) market diversity.
• B) the question: Does this product-market plan look like a good idea?
• C) the ability of the company to pursue a product-market plan effectively.
• D) industry profitability.
• E) the social and legal environment.

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Definitions:

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency in managing stock levels.

Ratio

A quantitative relationship between two numbers, often used to compare and analyze financial data and performance metrics.

Raw Materials Inventory

Items and components stored by a company that will be used in the production or manufacturing process to create finished goods.

Making Products

Turning raw materials, components, or parts into completed products that fulfill a customer's demands or specifications is the process involved.