With Respect to the Text's Advice in Conducting a SWOT

question 12

Multiple Choice

With respect to the text's advice in conducting a SWOT analysis. which of the following best describes "Look for Causes. Not Characteristics"?

• A) Break down clichés into meaningful customer-oriented issues.
• B) Refrain from conducting a single generic analysis for the entire organization.
• C) Gauge the actual perceptions of customers that give rise to the firm's strengths and weaknesses.
• D) Focus on the resources possessed by the firm and/or its competitors that are the true causes for the firm's strengths, weaknesses, opportunities, and threats.
• E) Clearly differentiate internal issues from external issues.

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Definitions:

Minimization Problem

A type of optimization problem where the objective is to find the minimum value of a function subject to certain constraints.

Objective Function

A mathematical expression representing the goal of an optimization problem, typically to maximize or minimize certain values.

Profit

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Objective Function

A mathematical function used in decision-making, optimization, or problem-solving that specifies the objective to be maximized or minimized.