The Assessment of the External and Internal Environments Is Called

question 58

Multiple Choice

The assessment of the external and internal environments is called _______ analysis.

• A) SWOT
• B) Competitive
• C) Industry
• D) Market
• E) Strategic

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Definitions:

Inventory Period

The average time that goods remain in inventory before being sold, reflecting a company's efficiency in managing inventory.

Receivables Period

The amount of time it takes for a company to collect payments owed by its customers after a sale has been made, typically measured in days.

Inventory

The goods and materials a business holds for the ultimate goal of resale or production.

Cost of Goods Sold

Material and labor costs that are directly attributable to the manufacturing of a company’s products.