MOGS Is a Review of a Firm's Internal Strengths and Weaknesses

question 59

True/False

MOGS is a review of a firm's internal strengths and weaknesses, and its external opportunities and threats.

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Definitions:

Capitalism

Is the dominant economic system in the world. Private ownership of property and competition in the pursuit of profit characterize capitalist economies.

Social Mobility

The movement of individuals or groups within or between social strata in a society.

Fluid Societies

Societies characterized by flexibility and adaptability in their social structures, allowing for greater mobility and change among their members.

Inequality

The unequal distribution of resources, opportunities, and privileges among individuals or groups, often based on characteristics like wealth, income, race, education, and gender.