A Technique for Assessing an Organization's Internal and External Environments

question 106

Multiple Choice

A technique for assessing an organization's internal and external environments in order to formulate strategy is called a

• A)BCG Matrix.
• B)SWOT analysis.
• C)benchmarking strategy.
• D)diversification exercise.
• E)functional strategy.

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Definitions:

Conversation

An informal talk involving two or more people, where ideas and sentiments are exchanged.

Summarizing Document

The process of concisely presenting the main points and essential information from a document.

Supporting Details

Additional information provided to back up, clarify, or explain the main idea.

Collection Letters

Communication tools used by businesses to remind customers of overdue payments in a professional manner.