One Advantage of SWOT Analysis Is That It Helps Managers

question 163

True/False

One advantage of SWOT analysis is that it helps managers to identify strengths that are almost always sources of sustainable competitive advantages.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical, leading to competition based on product differentiation.

Monopoly

A market structure where a single firm controls the entire market for a particular good or service.

Demand Curves

Graphs that illustrate the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at different prices.