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An Acronym for the Assessment of the External and Internal

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An acronym for the assessment of the external and internal environments of the business corporation in the process of strategy formulation/strategic planning is


Definitions:

Period Costs

Costs that are not directly tied to production and are expensed in the period in which they are incurred, such as selling, general, and administrative expenses.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government, including balance sheets, income statements, and cash flow statements.

Units

Basic quantities or measurements, often expressed as part of a system of counting or measuring that is used to quantify material or immaterial objects.

Period Costs

Costs that are expensed in the period in which they are incurred, as opposed to being capitalized or allocated to the cost of goods sold.

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