A _____ Identifies Threats and Opportunities in the External Environment

question 10

Multiple Choice

A _____ identifies threats and opportunities in the external environment as well as organizational strengths and weaknesses .

• A) Learning Cycle
• B) SWOT Analysis
• C) Nominal Group Technique
• D) Delphi Technique
• E) Checklist

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Definitions:

Purely Competitive

An alternative term for pure competition, describing a market structure with a high degree of competition, including many sellers offering identical products and free market entry and exit.

Minimum AVC

The lowest point on the average variable cost curve, indicating the most efficient scale of production with respect to variable costs.

Total Fixed Costs

The sum of all costs required to produce any level of output that remains unchanged, regardless of the level of production or sales.

Valid Generalization

A conclusion drawn from specific instances that is logically sound and supported by evidence.