_____, Which Are a Part of the SWOT Analysis, Include

question 27

Multiple Choice

_____, which are a part of the SWOT analysis, include factors beyond one's control that could place the strategy or even the business itself at risk.

• A)Strengths
• B)Efficacies
• C)Threats
• D)Opportunities
• E)Weaknesses

Explain the lean business model and its benefits for businesses.

Identify the differences between the income statements of manufacturers and merchandisers.

Describe the types of inventories held by manufacturers and their purposes.

Explain the differences between financial and managerial accounting and the goals of internal control systems.

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Definitions:

Total Expenditures

The sum of all spending by consumers, businesses, and the government in an economy.

Price Elasticity

A reflection of how the market's demand for a good is affected by its price dynamics.

Midpoint Method

A technique used to calculate the elasticity of demand or supply between two points on a curve by averaging the two points' quantities and prices.

Cross-price Elasticity

A measure of how the quantity demanded of one good changes in response to a change in price of another good.