Answer:
The proper choice is option "B": SWOT's extensive and integrative focus on the external environment.
Explanation:
The SWOT analysis examines both internal and external factors that affect a company's functioning, offering opportunities to leverage strengths or manage risks. Here, internal factors refer to Strengths and Weaknesses, while external factors encompass the Opportunities and Threats faced by the business.
The broad and integrative approach of SWOT towards the external environment is a strength and not a weakness of this framework.
The answers are options 2, 3, and 4.
(i) The units to be ordered each time: 2,828 units. (ii) Average inventory will be 1,414 units. (iii) With an increase in lead time, the minimum stock requirements will be less than the EOQ, thus extending lead time won't alter the EOQ.
Answer:
The occurrence anticipated in this scenario is Crisis Prevention. This arises from a proactive strategy implemented by the Marketing Team Lead prior to the event.
Explanation:
The initial phase within the crisis management framework is known as the pre-crisis phase.
This pre-crisis phase focuses on preparation and prevention.
An anticipatory leader formulates a contingency strategy in advance of a potential crisis.
A contingency plan outlines the steps an organization intends to follow in response to unforeseen events, ensuring readiness for unexpected situations like the one described.
Under the requirement to devise a compelling advertising strategy in two days or face insolvency, a proactive team lead would effectively utilize the contingency strategy they previously established.
