4P:WW3: Chapter 3: Lesson 4

CAPITALIZED YOUR ANSWER

It is a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.

FILL IN THE BLANK

CAPITALIZED YOUR ANSWER

An organization's __________ embraces the behavior, rituals, belief, principles and shared meaning held by employees that distinguishes the organization from all others.

CAPITALIZED YOUR ANSWER

These are assets of the business that have physical appearance and form.

CAPITALIZED YOUR ANSWER

These are assets of the business that do not have physical appearance and form.

CAPITALIZED YOUR ANSWER

It refers to the formal organizational arrangement of the business in terms of hierarchy of position, flow of communication, relationship of functional areas and production and marketing process.

(TWO WORDS)

FILL IN THE BLANK

CAPITALIZED YOUR ANSWER

The assets or properties owned or controlled by the business.

(TWO WORDS)

The two primary issues on business resources are the availability of resources and the capability of resource utilization.

• TRUE

• FALSE

Resources that are readily available for use, consumption, or sale within a short period are considered fixed resources.

• TRUE

• FALSE

In a SWOT analysis, which of the following is NOT a "Threat"?

• economic downturn

• increasing demand for substitutes

• unskilled workers

• slower market growth

Business opportunities and threats are controllable factors of the entrepreneurial venture.

• TRUE

• FALSE