A Good Fit Maximizes a Firm's _________ and Minimizes Its

question 50

Multiple Choice

A good fit maximizes a firm's _________ and minimizes its ________.

• A) strengths and weaknesses; opportunities and threats
• B) strengths and opportunities; weaknesses and threats
• C) strengths and threats; weaknesses and opportunities
• D) strengths and opportunities; opportunities and threats

Calculate contribution margin, contribution margin ratio, and its significance.

Analyze the impact of price changes on break-even points and profitability.

Interpret various types of cost behavior and its implications on cost-volume-profit analysis.

Calculate operating income under different sales scenarios.

---

Definitions:

Market Wage

The prevailing wage rate for labor in a particular market, influenced by supply and demand.

Pairwise Majority Voting

A voting system in which each option is compared head-to-head with every other option, and the option that wins the most comparisons is selected.

Transitivity

The concept in mathematics and logic that if relation "A" is related to "B", and "B" is related to "C", then "A" is related to "C".

Prefers

Indicates a choice or inclination for one option over others based on certain criteria or personal judgment.