In a SWOT Analysis, Which of the Following Would Most

question 31

Multiple Choice

In a SWOT analysis, which of the following would most likely be considered a strength of a company?

• A) a favorable economic climate that encourages consumption
• B) the exit of a competitor from the market
• C) higher prices of the company's products resulting from inflation
• D) an increase in consumer interest in the company's products
• E) an improvement in the company's production technology

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Definitions:

Fallacy of Composition

An error in reasoning that occurs when it is incorrectly assumed that what is true for the individual parts is also true for the whole.

Association

A group of individuals who voluntarily come together to achieve a common purpose, often structured as a legal entity.

Causation

A relationship between two events where one event is affected by the occurrence of the other event.

Limited Resources

Refers to the finite availability of goods and inputs, such as labor, raw materials, and capital, which are used to produce economic outputs.