Which Term Is Used to Refer to a Company's Plan

question 105

Multiple Choice

Which term is used to refer to a company's plan for how it will match its internal strengths and weaknesses with its external opportunities and threats in order to maintain a competitive advantage?

• A)benchmark study
• B)strategic plan
• C)high-performance work system
• D)marketing plan
• E)SWOT analysis

---

Definitions:

Account Balance

The total amount of money that is present in an account at any given time, which can be a positive or negative value.

Financial Statement

An official document detailing the financial transactions and status of an entity, such as a company, person, or organization, often comprising the balance sheet, income statement, and statement of cash flows.

Account Balance

Account Balance represents the sum total after adding all debits and subtracting all credits in an account at a given moment.

Financial Statement

A structured report of the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.