When a Firm Makes Use of the SWOT Analysis,one of Its

question 185

Multiple Choice

When a firm makes use of the SWOT analysis,one of its objectives is to:

• A)identify the best employees to fill each position within the organization.
• B)set specific short-term performance standards for each department.
• C)evaluate the desirability of issuing stocks or bonds in the current financial climate.
• D)identify the things it does well as an organization and the things it needs to improve.

---

Definitions:

Total Fixed Cost

Total Fixed Cost is the sum of all costs required to produce a product or service that does not change with the volume of output, such as rent, salaries, and equipment maintenance.

Profit-Maximizing Output

The point of production where a company reaches its maximum profit occurs when the marginal revenue is equal to the marginal cost.

Profit-Maximizing Output

The peak production level where a company can attain its maximum profit potential.

Economic Loss

Economic loss refers to a decrease in financial resources or potential wealth, often resulting from business operations, market conditions, or external factors impacting income or asset value.