Assess the Relevance of SWOT Analysis from the 'Resource-Based View

question 10

Essay

Assess the relevance of SWOT analysis from the 'resource-based view' of organisations.

Describe the procedures for handling chemicals safely, including emergency responses.

Recognize the different types of burns and their severity.

Name and outline the function of equipment used to maintain a safe working environment.

Understand the operation and types of lifts used in vehicle service.

---

Definitions:

Contribution Margin

Contribution margin is the amount by which a product's sales revenue exceeds its variable costs, indicating the contribution of sales towards fixed costs and profits.

Break-even Point

The financial point at which total revenue equals total costs, resulting in zero net profit or loss.

Break-even Analysis

A financial calculation to determine the point at which revenue received equals the costs associated with receiving the revenue.

Cost-volume-profit Analysis

A financial analysis tool that helps in determining the effect of changes in costs and volume on a company's profit.