What Does the Acronym SWOT Refer To

question 144

Multiple Choice

What does the acronym SWOT refer to?

• A) strategies, weapons, outcomes, and trends
• B) strategies, work plans, operations, and tactics
• C) strengths, weaknesses, opportunities, and threats
• D) strengths, weaknesses, operations, and tactics

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Definitions:

Marginal Product

The additional output resulting from the use of one more unit of a production input, keeping other inputs constant.

AVC

Average Variable Cost, which is the total variable costs divided by the quantity of output produced.

ATC

A restated definition for Average Total Cost; it implies the cost per unit produced when both fixed and variable costs are accounted for across all levels of output.

AFC

Average Fixed Cost, which is the fixed costs of production spread out over the number of units produced, declining as production increases.