Risk the combination of the probability of an event and its consequences. Risk in business is the chance that future events or results may not be as

Performance Measurement is the process of assessing the proficiency with which a reporting entity succeeds, by the economic acquisition of resources.

Change can be classified in relation to the extent of the change required and the speed with which that change needs to be achieved. Here on MCQs.CLUB

In order to respond effectively to opportunities and threats, the organisation may need to make changes to its current products, markets or processes.

To compete in today’s fast-moving, sophisticated world markets, organisations need to be innovative, flexible and be able to deal with short product

Strategic information is used to plan the objectives of the organisation, and to assess whether the objectives are being met in practice. Here on MCQs.CLUB

Marketing consists of individual and organisational activities that facilitate and expedite satisfying exchange relationships in a dynamic environment

When evaluating a strategy, management should consider whether an individual strategy involves an unacceptable amount of risk. If it does, it should be