In a SWOT Analysis, Refer to Favourable Factors or Trends

question 6

Multiple Choice

In a SWOT analysis, refer to favourable factors or trends in the external environment that a company may be able to exploit to its advantage.

• A) strategies
• B) controls
• C) strengths
• D) opportunities
• E) threats

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Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the market equilibrium price.

Producer Surplus

The difference between the amount a producer is willing to accept for a good or service and the actual amount received by them when the good or service is sold.

Total Surplus

A combination of consumer and producer surplus that signifies the overall net advantage to society from the consumption and production of a good or service.

International Trade

involves the exchange of goods and services across international borders or territories.