In a SWOT Analysis, Potential External Threats Are Harmful When

question 3

True/False

In a SWOT analysis, potential external threats are harmful when they identify all threats or risks detrimental to your organization, including new market entrants, substitute products, employee turnover, differentiating products, shrinking markets, adverse changes in regulations, and economic shifts.

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Definitions:

Machine Operator

An individual responsible for running the machine effectively, performing maintenance, and ensuring smooth operation during the production process.

Direct Labor

Labor costs that can be easily traced to the production of specific goods or services.

Factory Overhead

Refers to the indirect costs associated with manufacturing, not directly tied to a specific unit of product, such as utilities and maintenance expenses.

Assembler's Wages

The compensation paid to workers responsible for assembling products or components in a manufacturing process.