Arpin Stores Inc

question 117

Multiple Choice

Arpin Stores Inc. is a wholesale food manufacturing company. The company markets packaged food products across the United States. The company appoints an external agency to perform a SWOT analysis of the company.
-Which of the following observations, if made by the external agency, will indicate the company's strength?

• A)The market potential for packaged goods is high in the United States.
• B)Economic slowdowns do not have a significant impact in the wholesale food industry.
• C)The company has exclusive market reach in the packaged food industry.
• D)One of Arpin Stores' major competitors has recently gone bankrupt.
• E)The U.S Congress recently passed a bill to subsidize wholesale food manufacturers.

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Definitions:

Self-Interest

The pursuit of personal gain or advantage, which is a fundamental economic assumption about human behavior.

Welfare

Welfare denotes governmental support aimed at ensuring the basic physical and material well-being of people, particularly those in need.

Complete Knowledge

Refers to a hypothetical situation where all participants in a market have full and perfect information about products, prices, and other market conditions.

Marginal

Relating to the change or difference resulting from a slight incremental increase or decrease in a variable's level.