Business Management Question:

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Using the BCG matrix requires considering which of the following factors?
a) Types of risk associated with product development
b) Threats that economic conditions can create in future
c) Social factors
d) Market shares and growth of markets in which products are selling
e) Political pressures.

Business Management Interview Question
Business Management Interview Question

Answer:

d) Market shares and growth of markets in which products are selling
Explanation:
Using the BCG matrix requires considering market shares and growth of markets in which products are selling.

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By studying the various approaches to management analysis, we can understand the concept of management and have a better understanding of managerial functions. Which approach to management emphasizes managing people by understanding their individual psychological needs?
a) Empirical approach
b) Decision theory approach
c) Management science approach
d) Interpersonal behavior approach
e) Contingency approach		Tell me which of the following would not be an accurate depiction of the differences between strategic and tactical planning?
a) Strategic planning is developed mainly by upper-level management and tactical planning is generally developed by lower-level management
b) Facts for strategic planning are generally easier to gather than facts for tactical planning
c) Strategic plans generally contain less details than tactical plans
d) Strategic plans generally cover a longer period of time than tactical plans
e) Managers who are engaged in the development of strategic plans tend to work in more uncertainty than those managers engaged in the development of tactical plans.