In the Context of SWOT Analysis, Which of the Following

question 70

Multiple Choice

In the context of SWOT analysis, which of the following best exemplifies a firm's external opportunity?

• A) An increase in its financial resources
• B) An increase in its brand equity
• C) An increase in its customers' disposable income
• D) An increase in its employee productivity

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Definitions:

Comparative Advantage

An economic principle that states a country should produce and export goods and services for which it is relatively more efficient at producing than other countries.

Absolute Advantage

The ability of an entity to produce a good or offer a service more efficiently than its competitors, using fewer resources.

Trade

The action of buying and selling goods and services among parties, which can occur within a country (domestic) or between countries (international).

Tariff

A tax imposed on imported goods to increase their price, intended to protect domestic industries.