Answer:
C. strategic planning
Explanation:
Strategic planning involves the way or process an organization adopts in determining its strategy, direction and making decisions on how to allocate resources better and implement strategy. It is also the technique which guides and controls the implementation of strategy.
Tools used for strategic planning includes.
1. Growth share matrix.
2.PEST analysis.
3.SWOT analysis.
4.Scenerio planing. etc.
Businesses good but very hard.
Answer:
A) Communicate regularly about the firm’s progress toward meeting its strategic objectives as well as the threats and weaknesses that pose challenges.
D) Adopt a compensation plan that pays employees more when the company meets its goals.
Explanation:
If Cumberland Farms wanted to take other actions to empower its workforce, they should consider communicate regularly about the firm’s progress toward meeting its strategic objectives as well as the threats and weaknesses that pose challenges. this will allow employees to have a better idea of the company and can make better decisions.
They must also adopt a compensation plan that pays employees more when the company meets its goals which would motivate employees to make decisions that would benefit the company and work harder.
Answer:A. Activities C. Opinions
Explanation:One of the ways of generating data from the market is to seek the opinion and try to know the activities of customers concerning brands,product categories and user and non-user characteristics.
Inventory of opinions is the collection of opinions from the general public or from already available data. It helps to know the needs of the Customer and how to meet them.
Inventory of activities is the evaluations of the activities of the general public concerning your product or market segment,the activities can include their attitudes etc.
