Beta Inc. manufactures electronic gadgets. The market researchers at Beta have discovered that a new competitor is gaining more customers by selling its products at lower prices
In the context of SWOT analysis, the marketers at Beta Inc. are most likely to consider this situation as a(n)__________.
Fill in the blanks with correct word.
ANSWER: threat
The marketers at Beta Inc. are more likely to consider this situation as a threat. Threats are in the external environment of a businesses; increasing competition can be considered as one of the threats.
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An easement by _______________ is granted by the courts to a private owner to prevent creation of landlocked property; it is only granted if there is no other access. This easement is only available to private owners and not public utilities, railroads, or governments
Fill in the blank(s) with the appropriate word(s).
A risk manager analyzed fleet accident data to help determine which loss control measures would provide the greatest safety incentives for drivers. Examining data to generate information that will help make more informed decisions is called
A) predictive analytics. B) catastrophe modeling. C) sensitivity analysis. D) data mining.