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Based on the Business You Selected to Start in Skill-Development

question 29

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Based on the business you selected to start in Skill-Development Exercise 1, what would be some of your strengths and weaknesses, opportunities and threats, compared to your competitors?


Definitions:

Selling Price

The amount of money a seller charges for a product or service.

Credit Sales

Transactions where goods or services are sold and payment is delayed, typically recorded as accounts receivable.

Required Production

The quantity of products a company needs to produce to meet its sales goals and inventory levels.

Finished Goods Inventory

The stock of completed products ready for sale but not yet sold.

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