Which of the Following Conclusions, If Made by the External

question 103

Multiple Choice

Which of the following conclusions, if made by the external agency, will indicate the company's weakness?

• A)The company incurs high transportation costs as its manufacturing facility is at a remote place.
• B)Many new players have entered the wholesale food industry in recent times.
• C)An economic downturn has increased people's liking for organic products.
• D)A food poisoning disaster that occurred recently has lowered people's preference for packaged foods.
• E)The company must buy new machinery to remain competitive in the market.

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Definitions:

Export

The sale of goods or services from one country to another.

Production Possibilities Curves

A graphical representation that shows the maximum possible output combinations of two goods that can be produced with available resources and technology.

Specialization And Trade

An economic concept where individuals or entities focus on producing a limited scope of goods or services to trade for other goods or services rather than trying to produce everything themselves.

Law Of Increasing Opportunity

The principle that the opportunity cost of producing a good increases as more of that good is produced, reflecting trade-offs in resource allocation.