SWOT Analysis (Scenario) As a Process of Self- Examination During Her Last Year

question 6

Multiple Choice

SWOT Analysis (Scenario)
As a process of self- examination during her last year of college, Hana decides to develop a SWOT analysis of her prospects relative to getting a job.
-Hana realizes that she has a personal characteristic that suggests she is not comfortable interacting with strangers. She interprets this as a(n) ________ if she is to get a job as a salesperson.

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

Understand the characteristics and implications of operating on different segments of the elasticity of demand.

Distinguish between the demand curves faced by monopolists and perfectly or imperfectly competitive markets.

Explain the concept of profit maximization in monopolistic settings, including operations on elastic and inelastic segments of the demand curve.

Identify the implications of costless production on profit maximization for firms.

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Definitions:

Customer Service Orientation

Approach of employee whose thoughts and actions are geared toward helping customers.

Profitable Items

Products or goods that generate a positive financial return or profit for a business.

Backstabs

Acts of betrayal or disloyalty typically involving deceitful actions against someone who trusts the betrayer.

Productivity

The quantification of how effectively a human, device, manufacturing plant, or system transforms inputs into outputs that are beneficial.