Which of the Following Statements Is True of the SWOT

question 88

Multiple Choice

Which of the following statements is true of the SWOT analysis?

• A)It can be used to identify an organization's internal strengths and weaknesses,but not the external threats posed by competitors.
• B)It can be used to identify an organization's external strengths and weaknesses,but not its internal strengths and weaknesses.
• C)It gives the strategic planning team of an organization all the information it needs to generate a number of strategic alternatives.
• D)It fails to recognize the opportunities and threats in the external environment that are people-related.
• E)An analysis of a company's internal strengths and weaknesses using the SWOT analysis eliminates the need for input from the HRM function.

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Definitions:

Demand

Demand refers to the quantity of a product or service that consumers are willing and able to purchase at various prices during a given time period.

Inverse Demand Curve

A representation of the demand for a good showing the maximum price consumers are willing to pay for a given quantity.

Perfect Price Discrimination

Perfect price discrimination occurs when a seller charges each buyer their maximum willingness to pay, extracting all consumer surplus.

Total Profits

The sum of earnings from a business operation, after all expenses have been deducted from total revenue.