When developing a formal marketing plan, it is critical to review where you are and how you got there, in order to ________

A) assess opportunities
B) analyze the external environment
C) examine internal strengths
D) evaluate competition
E) review performance


Answer: E
Explanation: Reviewing where you are and how you got there is critical because you want to learn from your mistakes and repeat your successes–without getting trapped in mindsets and practices that need to change for the future, even if they were successful in the past.

Business

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Indicate whether the statement is true or false

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Baker and McCoy have been in a long-term land dispute. The judge declares that there is little binding evidence to settle the dispute, and suggests they meet with a mediator to talk through their disagreement. Which of the following statements is true regarding the role of the mediator?

A. The opinion offered by the mediator will be legally binding. B. The mediator may offer an opinion, but it will not be legally binding. C. The mediator should not offer an opinion on the dispute. D. The mediator will require the parties to sign a legally binding document at the conclusion of the meeting.

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What is the purpose of small business investment companies (SBICs)?

What will be an ideal response?

Business

In the years immediately following WWII, labor relations in the United States were characterized by:

A. Several years of industrial peace in which labor and management resolved workplace disputes cooperatively. B. A two-year period of industrial peace during which the National War Labor Board helped to resolve workplace disputes. C. A two-year period of industrial conflict which was manifested in a great number of strikes. D. A brief period of strikes lasting about two months, followed by several years of industrial peace.

Business