In SWOT Analysis, Opportunities and Threats Are Identified By

question 47

Multiple Choice

In SWOT analysis, opportunities and threats are identified by:

• A) Consultation with middle management.
• B) Talking with the rank and file workers.
• C) Looking outside the firm.
• D) Brainstorming techniques.
• E) Reviewing our corporate strategy.

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Definitions:

Projected Selling Price

The anticipated price at which a product is expected to be sold in the future, considering factors such as cost, market demand, and competition.

Unnecessary Costs

Expenses that do not add value to the product or service and could be eliminated without affecting the quality or output.

Variable Factory Overhead

This includes costs of factory operations that vary directly with the volume of output, such as utilities and supplies used in production.

Fixed Factory Overhead

Regular, consistent costs associated with operating a manufacturing facility that do not fluctuate with production volume.