In Environmental SWOT Analysis, the External Organizational Position Is Analyzed

question 67

Multiple Choice

In environmental SWOT analysis, the external organizational position is analyzed according to its

• A)strengths and weaknesses.
• B)strengths and threats.
• C)opportunities and weaknesses.
• D)opportunities and threats.

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Definitions:

Resource Prices

Resource prices refer to the cost associated with the inputs used in the production of goods and services, including raw materials, labor, and capital.

Expansionary Gap

A situation in macroeconomics where the actual production of goods and services exceeds the economy's potential output, often leading to inflation.

Short-Run Aggregate Supply Curve

A graphical representation that shows the relationship between the total supply of goods and services produced by an economy at various price levels in the short term.

Expansionary Gap

A condition in which the actual output of an economy surpasses the level of output at full employment, commonly resulting in inflation.