In the Context of a SWOT Analysis, Which of the Following

question 63

Multiple Choice

In the context of a SWOT analysis, which of the following would be considered an opportunity for an organization?

• A) An experienced and committed workforce
• B) A high degree of innovation in product lines
• C) Efficient manufacturing methods and processes
• D) A good reputation in the market
• E) Prospects of exclusive partnerships with international clients

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Definitions:

Significant Variances

Discrepancies between planned and actual figures that are large enough to warrant attention and possibly corrective action by management.

Cost Control

A process of managing and monitoring expenses to keep business operations within a budget.

Responsibility Accounting

A system of accounting which holds individuals or departments accountable for costs and expenses under their control.

Sales Manager

A professional responsible for leading and directing a sales team to meet or exceed sales targets.