In Which Element of the S

question 255

Multiple Choice

In which element of the S.W.O.T.analysis tool does the following fit? A firm is falling behind in research and development.

• A) Strengths
• B) Weaknesses
• C) Opportunities
• D) Threats

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Definitions:

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation, representing the residual value to shareholders after debts and liabilities have been settled.

Efficiency

The ability to accomplish or produce a desired result with the minimum amount of waste, effort, or inefficiency.

Trade-Off

A scenario where one characteristic or element is sacrificed to acquire a different characteristic or element.

Price System

The price system is the mechanism through which prices are determined for goods and services in an economy, facilitating the allocation of resources, signaling what to produce and consume, and coordinating economic activity.