The ________ matrix is not a substitute for management judgment; it helps managers of businesses evaluate their strategy alternatives.
A) BCG
B) BGC
C) GBC
D) GCB
E) CGB

Question

Quizplus · Accepted Answer

The blank space in the question is referring to the acronym for the Boston Consulting Group matrix, which is commonly known as the BCG matrix. It is a tool used for portfolio analysis and helps businesses identify which products or business units are generating the most revenue or profits. However, the BCG matrix should not be the sole basis for decision-making, as it does not take into account other important factors such as market trends and competition. Therefore, it can be a helpful tool for managers to evaluate their strategy alternatives, but it should be used in conjunction with their own judgment and other data analysis.

The ________ Matrix Is Not a Substitute for Management Judgment;