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Consider Figure 2-7 Above

question 264

Multiple Choice

Consider Figure 2-7 above.A Florida-based flashlight company has been extremely successful due in part to the number of hurricanes in Florida that result in power outages.The firm is thinking of expanding its product offerings to include other emergency supplies such as generators and survival kits (consisting of food bars,a water filtration system,first aid supplies,etc. ) .Before going ahead with this decision,there were several factors that had to be taken into consideration: (1) The firm has a great reputation with its flashlights and does not want to ruin it.(2) Its physical plant could be refitted relatively easily to make small generators,but it would be rather costly.(3) It would have to rely on another firm to manufacture and package the survival kits.(4) Although there are nine named hurricanes forecasted for the upcoming year,no one really can predict what will happen.The projected number of hurricanes would fall in which quadrant(s) of the SWOT analysis grid?

Definitions:

Small Model

A simplified or miniature representation, often physical or mathematical, used to simulate, study, or teach about a larger or more complex system or phenomenon.

Adaptive Decision Making

A process of making choices by altering decisions based on new information or changing environments.

SDLC

Stands for Software Development Life Cycle, a process framework used to develop software in a systematic and cost-effective way, encompassing phases from initial planning to maintenance.

Development

The process of planning, creating, testing, and deploying an application or software, which can also refer to personal, economic, or social progress.