According to the SWOT Analysis, an Opportunity for a Company

question 24

Multiple Choice

According to the SWOT analysis, an opportunity for a company would be the ability to

• A)take over a bankrupt competitor.
• B)have the highest product sales in the industry.
• C)create a better marketing plan.
• D)be easily recognized by consumers and viewed favorably.
• E)face increased competition in the market.

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Definitions:

Output Per Acre

A measure of agricultural productivity, calculated as the total production of a crop divided by the number of acres used to grow that crop.

MRP Curve

The Marginal Revenue Product curve reflects the added revenue generated by one additional unit of input in the production process.

Labor

The exertion of mental and physical capabilities by individuals in creating goods and services.

Firm's Demand

The total quantity of a product or service that a business anticipates consumers will purchase at various price levels.