Air Canada Is Completing a SWOT Analysis as Part of Its

question 62

Multiple Choice

Air Canada is completing a SWOT analysis as part of its yearly strategic planning process. It finds out from factory managers that the machinists are threatening to go on strike if wages and benefits aren't increased soon. Until then, the machinists are threatening a work slowdown. This labour dissention would be classified as which of the following for the company?

• A) opportunity
• B) threat
• C) weakness
• D) strength

---

Definitions:

Diminishing Returns

A principle stating that as additional amounts of a variable input are added to a fixed input, beyond some point the marginal product of the variable input begins to decrease.

Unit of Labor

A measure of labor input, often represented by one worker or one hour of work, used to calculate productivity or costs.

Marginal Cost

The price of fabricating another unit of a good or service.

Total Cost

The sum of all costs incurred in the production of goods or services, including fixed and variable costs.