Appraising a Firm's Resources Consists Of

question 34

Multiple Choice

Appraising a firm's resources consists of:

• A)Protecting the firm from its weaknesses and trying to reduce or eliminate them
• B)Leveraging the firm's strengths to increase market share and profit
• C)Exploiting a firm's internal strengths while protecting its weaknesses
• D)Completing 360-degree analytical evaluations of top managers' strengths and weaknesses

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Definitions:

Margin of Safety

The difference between actual sales and the break-even point, indicating how much sales can fall before a business incurs a loss.

Dollars

The currency unit of the United States, often used to represent money or economic transactions.

Break-Even Point

The point at which total cost and total revenue are equal, resulting in no net loss or gain for the business.

Variable Costs

Expenses that vary in relation to the amount of products or services a company generates.