A SWOT Analysis Will Evaluate Potential Internal Strengths, Internal Weaknesses

question 196

True/False

A SWOT analysis will evaluate potential internal strengths, internal weaknesses, and external opportunities.

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Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.

Long-Run Equilibrium

A state in economics where all factors of production are variable, leading to a situation where all firms in a competitive market make zero economic profit.

Marginal Revenue

The additional income received from selling one more unit of a product or service.

Marginal Cost

The extra expense associated with manufacturing an additional unit of a product or service.