Examlex

Solved

This Analytical Tool Is a Framework Used to Determine an Overall

question 8

Multiple Choice

This analytical tool is a framework used to determine an overall view of an organization's strategic position and highlights the need to assess the internal capability of the organization and the external situation the organization is facing.


Definitions:

Merchandise Balance of Trade

The difference in value between a country's merchandise exports and merchandise imports over a certain period.

Negative

In an economic context, this term often implies a deficit or a diminishing amount in financial accounts or outcomes.

Year

A period of time consisting of 365 days, or 366 in a leap year, used as a primary time unit in most calendar systems.

Trade Imbalance

A situation where the value of a country's imports significantly exceeds or is less than the value of its exports.

Related Questions