The match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors can be defined as:
A) Input
B) Concept formulation
C) Strategy
D) SWOT
E) An opportunity

Question

Quizplus · Accepted Answer

This is the definition of strategy, which involves evaluating internal resources and external factors to make decisions on how to best achieve the organization's goals. Input refers to the resources and materials used in a process, concept formulation is the initial stage of developing a strategy, SWOT involves analyzing strengths, weaknesses, opportunities, and threats, and an opportunity is a specific favorable external factor.

The Match an Organization Makes Between Its Internal Resources and Skills