When a Retailer Is Attempting to Determine Its Major Advantage(s)over

question 43

Multiple Choice

When a retailer is attempting to determine its major advantage(s) over competitors,it is analyzing its:

• A) strengths.
• B) weaknesses.
• C) opportunities.
• D) threats.
• E) operations.

---

Definitions:

Average Variable Cost

The total variable cost divided by the number of units produced, representing the variable cost per unit of output.

Average Fixed Cost Curve

A graphical representation showing how average fixed costs (costs that do not change with the level of output) decreases as production increases.

Output

The total amount of goods and services produced by an economy over a specific period.

Levels

Levels refer to the different positions or stages in a hierarchical structure or process, indicating varying degrees of magnitude, importance, or progress.