Appraising a Firm's Resources Consists of

question 52

Multiple Choice

Appraising a firm's resources consists of

• A)protecting the firm from its weaknesses and trying to reduce or eliminate them.
• B)leveraging the firm's strengths to increase market share and profit.
• C)a and b.
• D)completing 360-degree analytical evaluations of top managers' strengths and weaknesses.

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Definitions:

Trade

The action of buying and selling goods and services among parties, which can occur within a country (domestic) or between countries (international).

Tariff

A tax imposed on imported goods to increase their price, intended to protect domestic industries.

Imported Good

A product or service brought into one country from another for the purpose of sale.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization to fund government spending and various public expenditures.