Answer: A company that is looking at customer trends, its competitors, and the economy to see if there are any threats or opportuntities on the horizon, and also examines its production policies and sales histories to determine its strengths and weaknesses, is conducting a <u>SWOT analysis.</u>
Explanation:
SWOT is basically the acronym for; Strengths, Weaknesses, Opportunities, and Threats. It is a very effective tool used in the business industry to form strategies. You summarized the data from internal factors to discover your strengths and weaknesses. You use the external factors to identify the threats and opportunities.
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Answer:
C. the fair distribution of economic benefits
Explanation:
In economics, there is equity in resource distribution if resources are distributed in such a way as to ensure fairness and justice.
In a command economy, in order to ensure justice and fairness, the government is charged with the responsibility of redistributing economic resources. While in a capitalist economy, the price system does the work of income redistribution.
The question of equitable resource distribution can be achieved through pareto optimal allocation of resources, Vilfredo Pareto in his book “Manual of Political Economy”, 1906. A Pareto-optimal allocation of resources is achieved when it got to a point where it is impossible to make anyone better off without making someone else worse off.
Answer:
Stakeholders are people, groups, and things who may benefit or suffer from the operation of a business.
A stakeholder map places the stakeholders as they relate to the company.
Stakeholders of the company are divided into owners, employees, consumers, government, and community.
The stakeholders to consider are those in the NE states.
The NE state stakeholders mentioned are consumers and community.
- Consumers: the state have dense population lacking in variety of consumer goods not served by other retailers. These consumers favor the retailer to expand.
- Community: the opposition comes from those in the community wishing to preserve their cultural integrity, they think the retailer's value are opposite of their own.
In this case. the opposition to the retailer falls under "d° ideological opposition. Cultural ideals of the retailer and the opposition are different. The cultural group is against the "consumerism" aspect of the company.
The retailer can convince the community group that its company ideology is not focused on consumerism but accessibility to variety of goods for common consumers.
