SWOT Analysis Focuses Only on the Internal Activities of the Firm,while

question 175

True/False

SWOT analysis focuses only on the internal activities of the firm,while other analytical tools are used to review the external environment in which the firm operates.

---

Definitions:

Transportation Costs

Expenses incurred in the process of moving goods from production locations to consumers, including costs associated with shipping, freight, and logistics.

Minimize

The process of reducing something to its smallest possible level or amount.

Supply Chains

Supply chains encompass the entire process of producing and delivering a product or service, from the initial sourcing of materials to the final distribution to consumers.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, leading to reduced costs per unit.