Firm's Environment & Planning

Increase in the price of resources is an example of?

• Strength

• Weakness

• Opportunity

• Threat

In this phase, production was no longer confined to manufacturing plants and could be done anywhere in the world through improvements in production methods and information technology.

• Industrial revolution

• Post-Fordism

• Globalization

• Mercantilism

A type of business that provides labor and other services to its customers

• Merchandising

• Service

• Manufacturing

• Mining

Greatest good for the greatest number of people.

• Egoism

• Utilitarianism

• Relativism

• Universalism

One of the elements of social responsibility that requires the company to produce goods and services with reasonable prices.

• Economic

• Legal

• Ethical

• Philanthropic

It describes a company's reason for existence.

• Objectives

• Goals

• Mission

• Vision

Contingency plans can be implemented in case the original plan fails.

• True

• False

• Maybe

• I don't know

Strategic are plans made by ______ management.

In this technique, a group of planners generates several ideas and selects a solution based on them.

• Brainstorming

• Nominal group technique

• Decision tree

• Delphi technique

The vision is achievable nd realistic.

• Graphic

• Feasible

• Flexible

• Easy to communicate