A Technique That Helps Managers Summarize Relevant and Important Facts

question 85

Multiple Choice

A technique that helps managers summarize relevant and important facts from the internal and external analyses of an organization in order to formulate strategy is known as:

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

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Definitions:

Arbitration

A method of dispute resolution involving a neutral third party who makes a binding decision.

Advisable

Worthy of being recommended or suggested as a prudent or wise course of action.

Outcome Control

The ability to influence the result of a process or negotiation.

Arbitration

A form of dispute resolution in which a neutral third party, the arbitrator, makes a binding decision to resolve a dispute.