In Terms of SWOT Analysis, When Does a Strength Become

question 8

Multiple Choice

In terms of SWOT analysis, when does a strength become a capability of the firm?

• A) when the strength can be tied to satisfying a customer need
• B) when the strength cannot be copied by competitors
• C) when the strength stands alone without any corresponding weaknesses
• D) when the strength can be connected to a second strength
• E) when the strength can be supported by sufficient resources

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Definitions:

Marginal Product

The additional output that is produced as a result of adding one more unit of a specific input, holding all other inputs constant.

Total Cost

The overall expense incurred in the production of goods or services, combining both fixed and variable costs.

Average Total Cost

The total cost of production divided by the total output, indicating the average cost per unit of output.

Average Fixed Costs

The fixed expenses of a company or project divided by the number of units produced, decreasing as production increases.