When a Firm Is Determining Its Opportunities and Threats, Which

question 15

Multiple Choice

When a firm is determining its opportunities and threats, which of the following would not be mentioned?

• A)An intense rivalry with a local competitor was beginning to start a price war.
• B)The firm just received a patent on its main product.
• C)The success of the firm's latest marketing campaign.
• D)In spite of its patent, there are several substitute products consumers could use.
• E)Increased competition in some of its key product lines.

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Definitions:

Accounts Payable

Liabilities representing amounts owed by a company to suppliers for goods and services received but not yet paid for.

Liability

A financial obligation or debt that an individual or company owes, which is required to be paid to creditors.

Manufacturing Firm

A company engaged in the transformation of raw materials, components, or parts into finished goods that meet a market's demand.

Finished Goods

Products that have completed the manufacturing process and are ready to be sold to consumers.