BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Treated as a key player
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Kept satisfied
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Kept informed
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Detailed explanation-1: -Noun The child had a gap between her two front teeth. The gap between the lead runner and the rest of the field continued to widen. The sheep got through a gap in the fence.
Detailed explanation-2: -A gap analysis is a method of assessing the performance of a business unit to determine whether business requirements or objectives are being met and, if not, what steps should be taken to meet them. A gap analysis may also be referred to as a needs analysis, needs assessment or need-gap analysis.
Detailed explanation-3: -The three fundamental components of a gap analysis are the current state, desired state, and the gap. The current state is how business procedures and processes are being used. The desired state is where the company wants to be in the future. This usually includes improved efficiency and effectiveness.
Detailed explanation-4: -There four different types of gaps – Common Gaps, Breakaway Gaps, Runaway Gaps, and Exhaustion Gaps-each with its own signal to traders.