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Strengths and Weaknesses, as a Part of the SWOT Analysis

question 80

True/False

Strengths and weaknesses, as a part of the SWOT analysis, refer to external events and trends.


Definitions:

Special Order

An order for a product that is made to a customer's specifications, differing from regular stock products.

Capacity

The maximum level of output that a company can sustain to produce in a given period under normal circumstances.

Absorption Costing

An approach in accounting where the total manufacturing expenses, including direct materials, direct labor, and both kinds of manufacturing overhead (variable and fixed), are included in a product's costing.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.

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