In a SWOT Analysis,increasing Gasoline Prices Would Represent a Potential

question 72

Multiple Choice

In a SWOT analysis,increasing gasoline prices would represent a potential __________ for manufacturers of electric cars.

• A) weakness
• B) threat
• C) opportunity
• D) operational advantage
• E) locational advantage

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Definitions:

Finished Goods Account

An account representing the total cost of manufactured goods that are completed and ready for sale.

Fiscal Year

A 12-month cycle utilized for the purposes of financial statements and planning budgets, not necessarily coinciding with the calendar year.

Standard Variances

Differences between planned or standard costs and actual costs in budgeting and accounting, used to monitor and control operational performance.

Principle of Exceptions

The principle of exceptions is a management concept focusing on identifying and dealing with cases that deviate from the normal operation or standards, thus streamlining processes and oversight.