SWOT Analysis (Scenario) as a Process of Self-Examination During Her Last Year of Last

question 96

Multiple Choice

SWOT Analysis (Scenario)
As a process of self-examination during her last year of college, Hana decides to develop a SWOT analysis of her prospects relative to getting a job.
-Hana majored in marketing and really enjoyed studies in market research. Through research on the Internet and in the university library, she discovers that this industry appears to have significant positive external trends. She interprets this as a(n) ________.

• A) opportunity
• B) alternative
• C) weakness
• D) strength

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Definitions:

Convex Preferences

A preference structure where a consumer prefers mixtures or averages of two goods or bundles to extreme amounts of one good or bundle.

Utility Function

A mathematical representation in economics that quantifies the satisfaction or happiness an individual gains from consuming various bundles of goods and services.

Income Effect

Shifts in income for individuals or within the economy and their consequences on the volume of goods or services demanded.

Utility Function

A mathematical representation of a consumer's preference, showing the level of satisfaction or happiness derived from consuming various bundles of goods and services.