An Alternative to Undertaking a PEST Analysis Is to Perform

question 8

Multiple Choice

An alternative to undertaking a PEST analysis is to perform a SWOT analysis.SWOT analysis stands for:

• A)Suppliers, Workers, Organisation, and Timeline.
• B)Sweat, Work, Overtired, Tears.
• C)Strengths, Weaknesses, Opportunities, and Threats.
• D)Staff, Water, Operations, Tests.

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Definitions:

Marginal Analysis

An examination of the added benefits of an activity compared to the added costs incurred by that same activity.

Cell Phones

Portable electronic devices that allow users to make voice calls, send text messages, and access various digital services.

Total Profit

The total income a business earns after subtracting all expenses and costs associated with its operations.

Marginal Benefit

The added value or enjoyment a consumer gets from using an additional unit of a product or service.