What Is a SWOT Analysis

question 7

Multiple Choice

What is a SWOT analysis?

• A)Analysing opportunities for starting businesses and employing people
• B)Strategic analysis of strengths,weaknesses,opportunities and threats
• C)The process of designing commercial opportunities
• D)How you get rid of your competition by blowing them out of the water

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Definitions:

Serving Customers

The activities involved in providing products or services to customers effectively.

Activity Cost Pools

Accumulations of costs grouped by similar or related activities, used in activity-based costing to allocate costs more accurately.

Supervisory Wages

The compensation paid to individuals who oversee the work of others, managing staff, and ensuring tasks are completed efficiently.

Factory Utilities

The costs of utilities such as water, gas, and electricity that are consumed in the operating activities of a manufacturing plant.