Which is the most common risk management tactic quizlet?

Once a company identifies its risks, perhaps the most common risk management tactic is to reduce risks by implementing specific controls.

Which of the following groups should be the focal point of a company's strategy quizlet?

The focal point of a company's strategy should be its target customers.

What are the major stakeholder groups whose interests are tied to a company's performance?

Stakeholders include groups, such as customers, employees, suppliers, communities, stockholders, and environmental and human rights advocates, whose interests are tied to the company's performance.

Who among the following are most likely to be considered the external stakeholders of a firm?

External stakeholders include clients or customers, investors and shareholders, suppliers, government agencies and the wider community. They want the company to perform well for a multitude of reasons. Customers want to receive the best possible product or service.

Who are the financial creditors and stakeholders involved in entrepreneurship?

Stakeholders are persons or groups that rely on financial information to make decisions. Stakeholders include stockholders, creditors, governmental and regulatory agencies, customers, and managers and other employees. Stockholders are owners of a business.

Risk Management

Which of the following stages of marketing strategy process considers organizational design and marketing strategy implementation and control?

Stage 4: Implementing and Managing Market-Driven Strategy

Selecting customers to target and the positioning strategy for each target moves marketing strategy development to the action stage. This stage considers designing the marketing organization and implementing and managing the strategy.

What is the relationship between GATT and WTO quizlet?

The GATT is the General Agreement on Tariffs and Trade. The WTO is the World Trade Organization. GATT was an international treaty with a temporary international existence, whereas the World Trade Organization is a permanent body whose authority has been ratified by its many member nations.

What is the most important element of a feasibility study?

Market research studies is one of the most important sections of the feasibility study as it examines the marketability of the product or services and convinces readers that there is a potential market for the product or services.

What is the most important core element of a feasibility study and why?

Economics. The most important part of a feasibility study is the economics. Economics is the reason most projects are undertaken (with some exceptions for government and non-profit projects in which a cost benefit analysis is the primary tool).

What were the most important guidelines used to judge the feasibility of the project?

There are mainly two criteria to judge feasibility in a project feasibility study according to Lean Six Sigma course. The first one is the cost required and the second one is the value to be delivered.

What is feasibility study in system analysis and design?

Feasibility Study

It identifies the possibility of improving an existing system, developing a new system, and produce refined estimates for further development of system. It is used to obtain the outline of the problem and decide whether feasible or appropriate solution exists or not.

Is WTO and GATT same?

On 1 January 1995, the WTO replaced GATT, which had been in existence since 1947, as the organization overseeing the multilateral trading system. The governments that had signed GATT were officially known as “GATT contracting parties”.

Is GATT and WTO same explain?

GATT refers to an international multilateral treaty, signed by 23 nations to promote international trade and remove cross-country trade barriers. On the contrary, WTO is a global body, which superseded GATT and deals with the rules of international trade between member nations.

What are some of the differences between the GATT and WTO quizlet?

GATT dealt with trade in goods. The WTO covers services and intellectual property as well. 2. The WTO dispute settlement system is faster, more automatic than the old GATT system.

Which phase of the strategic management process is most important and why?

Successful strategy implementation is critical to the success of the business venture. This is the action stage of the strategic management process. If the overall strategy does not work with the business' current structure, a new structure should be installed at the beginning of this stage.

Which stage of the strategic management process is referred to as the action stage?

Strategy implementation is the action stage of strategic management. It refers to decisions that are made to install new strategy or reinforce existing strategy. The basic strategy – implementation activities are establishing annual objectives, devising policies, and allocated resources.

Which major part of the strategic marketing model plays the most important role in achieving the overarching goal of marketing Why?

Planning Phase

The planning phase is the most important as it analyzes internal strengths and weaknesses, external competition, changes in technology, industry culture shifts and provides an overall picture of the state of the organization.

What is the difference between GATT and GATS?

The General Agreement on Tariffs and Trade (GATT) is the central WTO agreement covering goods trade, while the General Agreement on Trade in Services (GATS) is the WTO agreement covering services trade.

What is the main purpose of GATT?

The GATT was established in 1948 to regulate world trade. It was created to boost economic recovery after the Second World War by reducing or eliminating trade tariffs, quotas and subsidies.

Why did the WTO replace GATT?

The WTO covers services and intellectual property as well. The WTO dispute settlement system is faster, more automatic than the old GATT system. Its rulings cannot be blocked. GATT, the agreement, does still exist, but it is no longer the main set of rules for international trade.

Did WTO replace GATT?

The WTO replaced GATT as an international organization, but the General Agreement still exists as the WTO's umbrella treaty for trade in goods, updated as a result of the Uruguay Round negotiations.

What Nafta means?

North American Free Trade Agreement (NAFTA)

What is the connection of GATT and WTO to Bretton Woods agreement?

From the GATT to the WTO: A Brief Overview

The General Agreement on Tariffs and Trade (GATT) traces its origins to the 1944 Bretton Woods Conference, which laid the foundations for the post-World War II financial system and established two key institutions, the International Monetary Fund and the World Bank.

What do you mean by financial and technical feasibility of the plan?

The four types of feasibility include: Technical: Technology, hardware, and labor needed. Financial: The return on investment and the amount of funds needed to pay for the project, including the sources of capital, such as a financial institution or investors.

What are the feasibility studies for requirements engineering process?