Which of the Following Best Defines a SWOT Analysis

question 45

Multiple Choice

Which of the following best defines a SWOT analysis? 

• A) ​It is an assessment of both the internal and external environment of an organization. 
• B) ​It measures the tangible rather than the intangible assets of an organization. 
• C) ​It is conducted by regulatory agencies to measure the performance of organizations. 
• D) ​Its aim is to review internal processes independently of the external industry environment.

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Definitions:

Advertising Costs

Expenses incurred in promoting a product or service to potential customers through various media channels.

Profit Function

A mathematical formula used to calculate the maximum profit that can be obtained by a firm, defined as total revenue minus total costs.

Advertising Costs

Expenses incurred in promoting a product, service, or brand to potential customers.

Profit Function

The profit function is a mathematical expression that computes an entity's earnings based on its production levels and input costs.