Diego Is Part of a Strategic Planning Team

question 109

Multiple Choice

Diego is part of a strategic planning team.He has identified that his company is a low-cost producer in its industry.This should be listed on a SWOT analysis as a(n) _____.

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

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Definitions:

Population Standard Deviation

A measure of the dispersion of a population's values from the mean, representing how spread out the population data are.

Confidence Interval

A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter with a specified level of confidence.

Mean

The central value of a dataset, calculated as the sum of all values divided by the total number of values.

Standard Error

Standard error measures the accuracy with which a sample represents a population, quantifying the variability of the sampling distribution of a statistic.