A SWOT Analysis

question 130

Multiple Choice

A SWOT analysis

• A) is a good way of breaking down a firm's capabilities and gaining a better understanding of what the future may hold for the firm.
• B) focuses on strengths, weaknesses, opportunities, and threats.
• C) is designed to better understand a firm's strategies and whether or not the strategies are sustainable.
• D) both A and C.

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Definitions:

Total Manufacturing Cost

The aggregate expense incurred in the production of goods, including direct materials, direct labor, and manufacturing overhead.

Work in Process

Inventory that represents partially completed goods which are still in the production process.

Actual Manufacturing Overhead Cost

The actual costs incurred for indirect manufacturing expenses, such as utilities, rent, and maintenance.

Year

A period of time consisting of 12 months or 365 days, used as a basic unit for measuring time in relation to the earth's orbit around the sun.