When a Firm Makes Use of SWOT Analysis, One of Its

question 200

Multiple Choice

When a firm makes use of SWOT analysis, one of its objectives is to

• A) identify the best employees to fill each position within the organization.
• B) set specific short-term performance standards for each department.
• C) evaluate the desirability of issuing stocks or bonds in the current financial climate.
• D) identify the things it does well as an organization and the things it needs to improve.

Comprehend the processes and legal requirements for forming and operating specific business entities within the United States.

Understand the role and responsibilities of franchises and franchisees under the franchise model.

Identify legal documents required for forming specific business organizations and their legal implications.

Understand and apply the concept of proportions to solve for unknown quantities.

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Definitions:

Economies Of Scale

Cost advantages that enterprises gain due to an increase in size or output, resulting in lower costs per unit.

Small Populations

Demographic groups with a relatively small number of individuals, often making them subject to unique economic and statistical considerations.

Import Automobiles

The act of bringing cars into a country from abroad for use or sale.

Gains From Trade

The benefit that economies and individuals receive from the voluntary exchange of goods and services beyond what they could produce themselves.