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SWOT Analysis Includes

question 43

Multiple Choice

SWOT analysis includes

Differentiate between the labor experiences of slaves on small farms and large plantations.
Understand reasons why slaves opted to run away and the implications of such actions.
Compare the work and punishment of enslaved men and women on large plantations.
Understand the practice of slave hiring and how it operated within the larger slave economy.

Definitions:

Cost of Goods Sold

The immediate expenses related to the creation of products sold by a business, which include costs for materials and labor.

Merchandising Firm

A business that purchases goods and resells them at a profit without changing their basic form.

Manufacturing Firm

A business engaged in the industrial production of goods from raw materials through the use of labor and machinery.

Conversion Costs

The combined costs of direct labor and manufacturing overheads that are incurred to convert raw materials into finished goods.

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