GE's Planning Grid Approach to Evaluating Proposed and Existing Plans

question 67

Multiple Choice

GE's Planning Grid approach to evaluating proposed and existing plans and businesses:

• A) considers how profitable opportunities are likely to be.
• B) reflects the corporation's objectives.
• C) helps managers see why some ideas are supported and others are not.
• D) can use quantitative data but it is basically a qualitative approach.
• E) All of the above are true.

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Definitions:

Economic Outlook

An analysis or prediction about the future state of the economy or economic markets, often influencing business and investment decisions.

Behavioral Economics

A field of economics that studies the effects of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions.

Relevant Information

Data or facts that are pertinent and useful for decision-making, particularly in the context of solving specific problems or achieving objectives.

Responsible Business Conduct

Ethical and socially aware business practices that take into account their impact on the environment, consumers, employees, communities, and stakeholders.