SWOT Analysis Is a Simple but Powerful Tool for

question 33

Multiple Choice

SWOT analysis is a simple but powerful tool for

• A)gauging whether a company has a cost-competitive value chain.
• B)sizing up a company's resources and capabilities, strengths and deficiencies, its market opportunities, and the external threats to its future well-being.
• C)evaluating whether a company is in the most appropriate strategic group.
• D)determining a company's competitive strength vis-à-vis close rivals.
• E)identifying the market segments in which a company is strongly positioned and weakly positioned.

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Definitions:

Machine-Hours

Machine-hours refer to the total time that machinery is operated within a specific period, used as a basis for allocating manufacturing overhead to products.

Variable Manufacturing Overhead

The part of manufacturing overhead expenses that directly fluctuates in relation to the volume of production.

Machine-Hours

A measurement of the amount of time a machine is operated, used as a basis for allocating machine-related costs to products.

Job-Order Costing

An accounting methodology that assigns costs to specific production batches or jobs, useful for custom or unique products.