Discuss the Components of SWOT Analysis Used by a Retailer

question 21

Essay

Discuss the components of SWOT analysis used by a retailer.What primary objection would a retailer have for conducting a SWOT analysis?

Recognize the impact of market prices and costs on economic decisions in specific contexts, including resource allocation.

Identify factors influencing global population growth and world demographics.

Analyze the relationship between economic variables (such as living standards) and demographics (e.g., birthrates).

Understand the concept of the demographic transition and its stages.

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Definitions:

Full Costs

The total costs associated with the production of goods or services, including both fixed and variable costs.

External Costs

Costs incurred by third parties who are not directly involved in a transaction or economic activity, such as environmental pollution affecting the community.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good changes as production volume increases.

Marginal Social Cost

The total cost to society of producing one additional unit of a good or service, including both direct costs and any adverse impacts on third parties.